Re: [PRE-ANN][HVC] Heavycoin - CPU-only, Ultra-secure, Decentralized Voting
you dont get it, few tens of computers, or even hundreds are not going to influence total network hashing power NOWHERE near as gpu or asic farms, where gpu is worth several cpus alone, not to mention ridiculous disproportion when it comes to asic farms.
this allows general population not only to mine but also seriously contribute to network security, power in numbers and decentralization.
i'd say bitcoin is no longer as secure as it was during cpu mining period. because most of hashing power is getting centralized firmly in the hands of several asic mining cartels, who can manipulate both price and security.
this allows general population not only to mine but also seriously contribute to network security, power in numbers and decentralization.
i'd say bitcoin is no longer as secure as it was during cpu mining period. because most of hashing power is getting centralized firmly in the hands of several asic mining cartels, who can manipulate both price and security.
"General population" is going to mine nothing from this coin...unless you count "general population" as being someone who owns 100+ cpus.
Hell, I just got done reading about some guy who spent thousands of dollars on amazon instances for a coin launch. He got something like 5% of all coins by himself, but barely broke even selling them all after paying his bills. His dump did manage to crash the market though. I'm sure he'll be back for this coin since he hasn't lost any money yet and just keep doing it till he strikes it rich on one of them. The joy of CPU coins.
if you dont know what youre talking about then theres no need to blabblab.
The instance limit of amazon AWS will never allow you to mine "like 5% of all coins" by yourself, thats plain BS. if someone likes to spend a lot of money on instances then that person will be able to mine the coins he deserves. like I said I have mined a great deal on my simple i7's and usual CPU cloud mining on 2x 4 core CPU droplets has been profitable for me too so no need to fud around baby
Just my experience too, nanoprobe.
I'll hope its not so, cause heavycoin sounds really interesting, but that means its also interesting for botnets and bastard admins with access to huge numbers of PCs.
It's not about spreading FUD here, thats only expectations what may will come.
I will try to mine this as long as I could and I hope it could proof me and nanoprobe wrong.
