Post
Topic
Board Altcoin Discussion
Re: These new EFFICIENT x11 algos everyone is talking about ?? BULLSHIT or real?
by
24Kilo
on 06/04/2014, 03:18:19 UTC

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf


The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Replied from Darkcoin dev.

Somehow this seems to have been missed by all the ASIC haters^^^^^

This statement from the DRK dev will make me reconsider investing in DRK, which up to this point I have not done. At least he understands what it will take to make DRK a real and usable currency.

X11 algo has a planned transition to ASIC miners.

Yes, but perhaps you also missed the part about the HUGE instamine and no windows QT at launch?  sounds a little worrying.

Also the anti asic crew will probably not like the sound of that and them pulling out support could lead to not such a great investment.

Massive amounts of coins moving to x11 will perhaps make drk less appealing also since 2 out of 250  was good ..... 200-400 is more competition.

I see most coins moving to x11 to avoid asic, looks like it is not the answer for them after all.

Realistically if you have not invested  by now....

However let's forget focusing on drk if the dev wants to come back and answer the questions i asked that would be good, however if he does not want to, let's forget about drk coin and move back to a more technical discussion on the algo chain x11 and not the coins that are implementing it.

Did you notice I stated -

X11 algo has a planned transition to ASIC miners.