Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]
by
24Kilo
on 27/03/2014, 00:37:39 UTC
Why don't we consider switching to X11?  Be one of the first two do it.  EMC2 is working on it now. 
Anything but scrypt.  Stay ahead of the ASICs.

You want to take unprofitable coin and make completely unsustainable to mine. KDC is already an unsecure network, when the next reward reduction happens in a few days, network hash-rate will fall even further. The only way to keep KDC alive is to mine with ASIC units.

KDC should be embracing ASIC miners, it will secure the blockchain and allow the coin to recover.





Your wrong the best way is to avoid asic and have our hasrate go up. Which mean the best algo for this would be x11.

Our network has will triple , get the x11 algo as soon as possible!

Yes... by shifting to the X11 algo the numbers will increase, but the effective hash-rate is still the same.

So my GPU farm which is capable of 15Mh/s on scrypt is about 40Mh/s on X11... any GPU farm or multi-pool can be switched X11 with a few key strokes... so X11 is an illusion of greater hash-rate... but no more secure than when running the scrypt algo.

There is no substitute for large mining community support of a coin.

If anything switching to X11 algo will make KDC even more vulnerable as more and more GPU farms are switched over to ASIC resistant algo as ASIC's become the backbone of scrypt. There will be a huge amount of GPU hash-rate looking for coins to exploit, all looking for a quick profit or if there is no profit, how to exploit a weak coin for free coins.