So what is the deal with these. I keep hearing this same thing mentioned over and over again.
x11 - some of the algos contained with in this mish mash .... apparently only draw 50% of the power of scrypt and result obviously in lower temps?
is this just marketing misinformation? I mean the very fact that the miners most people are using to mine these algos are not yet using the cards full capacity does NOT mean some people on here don't have miners for these algos that do use the cards full capacity and are more efficient?
It it really like me giving you the same car as i have. Then limiting yours to 1000rpm and first gear... and then saying after 1 hour look you've used half the fuel and your engine is only half as warm as mine and i have been driving around in 6th gear at 3000rpm..... I forget to mention you have only travelled 5 miles where as i have travelled 20x further.
Are these new algos just easier opportunity for those in the know to shaft the average gpu miner without even purchasing new hardware to do it?
Do these miners that seemingly only use 50% of the power of the card to mine these algos .....have a lot of room for optimisation ??
Seems like most could be mining these thinking how efficient they are when really they are just running detuned settings? whilst others are in effect getting a huge advantage??
Or is that unlikely and everyone is mining on a fair playing field??
They are not as memory intensive as scrypt it would seem so are open to a lot of SECRET optimisation by those in the know?
Seems this new list of seemingly endless algos are getting a lot of hype lately.
Also it has been said that building asics for these would not be anywhere near as hard as it was for a scrypt asic............ so you can be sure that there will be lots of secret asic miners raping gpu miners hard soon on these algos if that is not already happening?
There could well be already plenty of asics out there for a lot of these algos ....?
Then how about x11 itself ... seems like just a marketing name that sounds cool? however is it really an advancement or backward step that is open to exploitation of gpu miners above and beyond scrypt even?
Tell me some good things about x11 that push it above the chained algos and scrypt N we already have?
SO FAR IT SMELLS LIKE X11 IS AT BEST MARKETING HYPE OVER NOTHING....AT WORST A SCAM SINCE PEOPLE ARE SEEING 1.8GH AND 1.2GH MINERS SHOWING UP ON THE POOLS... that is VERY strange. Are there modified miners for x11 which are getting 5x 10x 20x 100x the hashing rate? or are there some who have x11 asics?
However some questions that still have not been answered by page 6 on this thread....
x11 - does it have any clear advantages over algos coins are already using or just bullshit with nothing to back it up??
1. is it more efficient than qrk?
2. is it more secure than qrk?
3. is it more efficient than scrypt? or is the miner just crippled and can't use the full potential of the card?
4. are there more efficient miners already out for x11 that are more optimised?
5. is it more asic resistant that qrk?
6. is it more asic resistant that scyptN , scrypt jane
7. is it x12, x13, x99 going to be better? will we need to fork all of the coins over and over again?
just tell me some definite benefits of x11 that are real benefits not maybe beneficial but then again if the miner can be improved shown to not be beneficial at all.
come on how hard is it to sell the best solution out there right now???
SO FAR WE ARE ON PAGE 6 - CLIFF NOTES -
X11 THERE IS NO EVIDENCE YET TO SUGGEST IT IS MORE ASIC RESISTANT THAN SCRYPT N OR SCRYPT JANE WITH HIGH N OR QRK
X11 THERE IS NO EVIDENCE YET TO SUGGEST IT IS MORE SECURE THAN QRK ALGOS
X11 THERE IS NO EVIDENCE YET TO SUGGEST IT IS MORE EFFICIENT THAN QRK ALGOS
X11 HAS SOME 1.8GH AND 1.2GH MINERS AROUND - can the x11 miner be greatly modified by some to increase hash rate in a very big way? are there already x11 asics? this still seems to be in question.
conclusion thus far = x11 is marketing hype with no real advantages over previous algos or algo chains before it..
If you are a person reading this thinking .... but really really it does use less electricity and my cards run cooler..... this is a PROBLEM not essentially an advantage. If you understand that the mining software you are using is probably limited or inefficient and therefore not pushing your gpu to the full extent. It's like me and you having the same car. They are identical. I offer to race you but yours i have now limited to 1000revs and first gear. Mine is not. I thrash you in the race but you are still happy because you burned less fuel and your engine is nice a cool. That is not the point. There could be people racing around with miners mining your coin at a way faster rate....and possibly not only way faster way more effiicient too... What if my car can not only go 10x as fast it can go 10x as far too? how would you like that? would you prefer i remove the rev limiter and allow you to engage a few more gears too? Hmmm seems more unfair than even me pulling up in a lambo next to your 10yr old mid range piece of crap and thrashing you right? since at least i had to pay a lot more money for my lambo?? that was an asic analogy by the way.... however again i don't have an asic and would not order a scrypt asic now. The race is on for those and if you're not first in who knows if you will get your money back. However x11 is not the answer from what i can tell. It seems to offer nothing above and beyond current algos and is as open to all of the problems and more so than some algos we already have. Don't be too fast to push your favourite coin into converting to x11 yet. Let' wait for the real boffins to show up and explain why it is better for us all. I currently have interest in 3 new coins all of which the community is kind of pushing for x11 adoption....even i was a few days ago. Now though i am almost certain it is a BIG mistake and is not worth it at best and i open to vast exploitation at worst.
However this is not a fact this is speculation at this point. However the points above seem to be actual facts.
THIS HAS NOW TURNED ALSO INTO A DISCUSSION REGARDING DRKCOIN...THANKS TWO TAOWAY A HELPFUL PERSON WHO HAS HIGHLIGHTED TO FACTS PREVIOUSLY OVER LOOKED.
1. Dark coin (called some other name) was launched and the BLOCK EXPLORER shows a huge amount of blocks being instamined almost INSTANTLY.
2. Dark coin bolstered their instamine by starting WITHOUT AND WINDOWS QT ( THANKS FOR BRINGING THIS TO MY ATTENTION)