Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**49 CHARITIES/MERCHANTS**
No worries Hueristic*, I meant cringe in a good way (though I'm sure you understood the meaning). 
What we're going to do should keep everyone happy. It's just something that needs a lot of thinking, contingency planning and even acceptance that there will be room for improvement as it progresses.
We're also going to be moving the reserve coins so expect a lot to appear on the chain today. I need to move them to new addresses and post them so that the amounts match what is listed on the ledger.
What we're going to do should keep everyone happy. It's just something that needs a lot of thinking, contingency planning and even acceptance that there will be room for improvement as it progresses.We're also going to be moving the reserve coins so expect a lot to appear on the chain today. I need to move them to new addresses and post them so that the amounts match what is listed on the ledger.
Looking forward to it!
...
Just sent you a little something, so you're a bit more invested now
Just sent you a little something, so you're a bit more invested now
Well thank you kind sir!
As a long time supporter, investor and miner of Noble I'd just like to say that the developers and community are still doing an excellent job.
Even after months of $hitcoins, pumpndump coins and 'flavour of the month' coins coming and going, Rofo and the Noble team have stayed true to the vision. They know what is required to turn a revolutionary technology into something the world needs. Noble may just be a currency right now, but it has the potential to be an international brand (dream big)!
The current low price of Noble is unsettling. So if you are scared, now is the time to buy. No other new coin that I can find has the long term potential of Noble.
I mine Noble 24/7 and will be adding another 11 m hash Gridseed Asic to the pool soon, so for me, making Noble asic resistant is not the answer. Asics are inevitable and necessary! They run cheaply (saving massive amounts of power) and are far more efficient than GPUs will ever be.
There will be an influx of coins when the asic arms race begins, but that is only a problem if miners are stupid enough to sell for crazy cheap prices and supply exceeds demand. I mine to hold and support the infrastructure.
While I agree Noble is a great coin I'm not sure about the future of any scrypt coin when it comes to ASICs. ASICs only benefit the ASIC seller, the hardware makers in China. They presell and wont ship until its absolutely not profitable. Before that they just use it themselves to mine with it, using the hardware you PRE-PAID for. This is a known fact. Thats why all ASICs are "always LATE for shipping and months behind" because they are using the hardware and waiting for difficulty to skyrocket before they ship them to the poor buyer. Gridseed seems to be the only exception ATM.The buyer spends $4000 on a piece of hardware that just makes it harder for him and anyone else to mine. Exactly what happened to BTC. Buying a $4000 BTC miner makes you $12/day at current prices, that's BS. With the best scrypt price (LTC) at around 2% of the price of BTC how long will it take to pay for that $4000 miner? ASICs do kill mining.Even after months of $hitcoins, pumpndump coins and 'flavour of the month' coins coming and going, Rofo and the Noble team have stayed true to the vision. They know what is required to turn a revolutionary technology into something the world needs. Noble may just be a currency right now, but it has the potential to be an international brand (dream big)!
The current low price of Noble is unsettling. So if you are scared, now is the time to buy. No other new coin that I can find has the long term potential of Noble.
I mine Noble 24/7 and will be adding another 11 m hash Gridseed Asic to the pool soon, so for me, making Noble asic resistant is not the answer. Asics are inevitable and necessary! They run cheaply (saving massive amounts of power) and are far more efficient than GPUs will ever be.
There will be an influx of coins when the asic arms race begins, but that is only a problem if miners are stupid enough to sell for crazy cheap prices and supply exceeds demand. I mine to hold and support the infrastructure.
GPU mining is never antiquated because its Windows based and possibilities are limitless. There will be constant new algorithms and ways to make new coins. JMHO
GPU miners are selling just as hard as asic miners. Miners are for network security and distribution (through selling) of coins. In general (there are always exceptions), miners are not "holders" of value. GPU miners are against asics because they can make less money by selling their now fewer coins.
EDIT: as reference: I do not own, nor plan to own an asic and I stopped GPU mining.
I paid 2200USD for 11,000 khashes of Gridseed equipment running for $1 per day @ 200watts, mining $30 of coins. I also have 5 x R9 280X GPUs running at 3700 khash using 1430watts and mining at around $4 LOSS per day.
The main reason I still run the GPUs is because I have a 2.6Kw PV solar system powering them. Without my solar system it would be stupid to continue GPU mining. If everyone stopped mining, the coins won't exist and the network collapses.
So to say "ASICs only benefit the ASIC seller, the hardware makers in China" is wrong. Once all the greedy GPU miners stop because they aren't getting rich, who is left to support the network? Only dedicated miners like me that embrace progress and realise you don't mine to get rich now. You mine and HOLD to get rich in years to come like with BTC.
There really isn't much of a point to argue, when we are seeing history repeating. BTC went through the exact same process and it's easily the biggest and strongest network thanks to efficient asics. GPUs just help to consume the earths resources turning electrons into heat.
New algorithms will constantly be developed to try and be one step ahead of asics (which is good for the development of cryptocurrencies), but the fact is they are just delaying the inevitable and slowing the integration of cryptocurrencies into the real world.
"how long will it take to pay for that $4000 miner?" - If I mine LTC and hold them for 5 years, chances are it took 2 days to pay off my mining hardware!
ASIC does not secure the network, It does quite the opposite.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
http://www.reddit.com/r/dogecoin/comments/22lm0b/breaking_one_man_can_now_mine_13_of_all_dogecoins/
Now imagine if someone like warren buffet decided to step in. ASIC makes it too easy to centralize.
Emma in IRC just mentioned she had a buy sitting at 30 that didn't get filled on the ride down to 17. Anyone else have a similar experience?
My bye at 31 got filled on pol.
I would like to thank the sellers for allowing me to buy back half the coins I lost in coinex 
Now if only that coinex turd would get online and give me my noble back.
Now if only that coinex turd would get online and give me my noble back.
Agreed. I just put in a buy wall @ 22 for 22 Mill. Good luck selling through that
SWEET! Trying to BTC there now but having issues withdrawing at AGX
I would like to thank the sellers for allowing me to buy back half the coins I lost in coinex
Now if only that coinex turd would get online and give me my noble back.
Now if only that coinex turd would get online and give me my noble back.
Agreed. I just put in a buy wall @ 22 for 22 Mill. Good luck selling through that
I just put a mini-wall before you
0.00000023 5176973.53534920 1.19070391
!@$@$@!$# you guys beating me to it!