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Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 16/04/2014, 13:10:20 UTC
Hehe.. yeah.. its not that active to be honest ^^....

i do have a plan to fill the room very soon :-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 16/04/2014, 12:19:53 UTC
This thread seems to be the main spot that a discussion about Einsteinium is going on so far.

I think we need to spread the message to people that don't visit this page Tongue

We should work on growing an IRC chat:

http://webchat.freenode.net/?channels=#einsteinium

Also, let's try to get the Reddit page over 25 subscribers:

http://www.reddit.com/r/einsteinium/

Woo!


Official channel is #einsteinium.org

:-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 12/04/2014, 10:43:37 UTC
P2Pool einsteinium-US2 (Westcoast) is going down for maintenance!

Up and running again - :-)

Happy mining!

http://einsteinium-us2.cloudapp.net:41876
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 12/04/2014, 08:03:45 UTC
P2Pool einsteinium-US2 (Westcoast) is going down for maintenance!
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 12/04/2014, 07:42:49 UTC
Hi to all people.I need some help for solo mining.Basically i need some settings and how i will do that

well... first question:
Whats ur hashrate? :-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
by
derbrause
on 12/04/2014, 07:12:55 UTC
lol.. got trolled by the good friend :p
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | UPDATE WALLET!!! | FORKING NOW!
by
derbrause
on 08/04/2014, 18:07:49 UTC
http://einsteinium-eu.cloudapp.net:41876/static/
http://einsteinium-us.cloudapp.net:41876/static/
http://einsteinium-us2.cloudapp.net:41876/static/

is going to be updated to v1.1 within the next 20 minutes - Please prepare for a short downtime :-).

Every P2Pool Node is updated to v1.1 - happy mining dudes :-)
By the way :

Do someone wanna have a Node in Asia? :-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | UPDATE WALLET!!! | FORKING NOW!
by
derbrause
on 08/04/2014, 17:55:27 UTC
Sorry - im sitting between filled boxes juggling my laptop on my knees updating the nodes ... moving is taking a lot of time.
Sorry to anyone !! updates will be finished within the next 5 min!
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | UPDATE WALLET!!! | FORKING NOW!
by
derbrause
on 08/04/2014, 17:27:47 UTC
BIG NEWS GUYS!!!!



hmm.. cant find that post on twitter :-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | UPDATE WALLET!!! | FORKING NOW!
by
derbrause
on 08/04/2014, 17:23:19 UTC
http://einsteinium-eu.cloudapp.net:41876/static/
http://einsteinium-us.cloudapp.net:41876/static/
http://einsteinium-us2.cloudapp.net:41876/static/

is going to be updated to v1.1 within the next 20 minutes - Please prepare for a short downtime :-).
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 02/04/2014, 15:56:13 UTC
it never stopped being interesting ;-)
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 02/04/2014, 13:35:22 UTC
Exactly :-).... i just saw the healthy and steadily growing of the buysupport.. its up to 7 BTC on Poloniex.. bottom seems to be ~400 sat ... i like that :-) its going up up up ... sloooooow and healthy
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 02/04/2014, 05:19:20 UTC
The EU Node of P2Pool is Online again (einsteinium-eu)!
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 02/04/2014, 05:10:19 UTC
[The Einsteinium Foundation (EMC2) Press Release]

The Einsteinium Foundation has given their first financial contribution to an important scientific research program using EMC2, a new cryptocurrency like Bitcoin. Every month, projects are nominated and voted on by a public EMC2 worldwide community at www.einsteinium.org

The Einsteinium Foundation (EMC2):

David Black - Chief of Public Relations (david@einsteinium.org)

Christine Paluch – Scientific Liaison (christine@einsteinium.org)

Ryan Wright - Marketing and Communications Officer (ryan@einsteinium.org)

Daron Thomas – Social Media and Marketing Director (daron@einsteinium.org)


To raise awareness that the Einsteinium Foundation has made its first financial donation to a scientific research program, nominated and selected by the process of worldwide users, voting online at www.einsteinium.org.

Voting took place Thursday March 20th - Tuesday March 25. Polls opened up at (12:00 AM) and closed officially at (12:00 PM)

The Einsteinium Foundations first ever, official financial donation in the amount of (526314.56 of EMC2) or the value of (approx. $1,000 in USD) has been made on 3/29/14 to Walter Moss, a post-doctoral researcher in the lab of Prof. Joan A. Steitz at Yale University, for his work finding out if viral molecular structures can cause cancer.

The Einsteinium Foundation will be delivering the funding to Walter Moss through a crowd source funding site he has subscribed on known as Experiment.com for more information on his work, please visit https://experiment.com/projects/can-viral-molecular-structures-cause-cancer

Their first official donation took place on March 29th 2014 in the amount of $1,000. Their second donation will take place on April 29th with a total sum that is yet to be determined. Donation totals are based on the amount of coins mined as well as the current market value.

For more information, please visit:
http://einsteinium.org/the-fund/

www.einsteinium.org 



We believe scientific research is an essential long-term investment in our future, and the future of our planet. Global funding for the ‘big ideas’ has fallen dramatically in recent years. On average less than half a percent of a nation's GDP is spent on science and technological research.

Ideas that would profoundly change our lives, are woefully underfunded. Advancement is stifled, and promising new projects abandoned - not for lack of vision or scope, but the simple lack of funding. Worldwide the number of students choosing to study physical sciences is also rapidly declining.

We at the Einsteinium Foundation believe raising awareness, and engaging future generations in the sciences at an early age, is a key factor in halting this decline.To that end we have created the Einsteinium digital currency (EMC2), which automatically donates 2%  of every block mined, to the Foundation Fund at the point of being mined. The Foundation then selects various scientific research programs and science education programs, that are nominated by our social media community on public forums such as, Reddit, Bitcointalk.org, Twitter and Facebook and posts these different causes on our website www.einsteinium.org where community members will then have the chance to sign up and vote for which worthy cause they believe should receive the funds.

The mining of Einsteinium is divided into Epochs, each Epoch mines 36000 blocks of coins and is targeted to last approximately 25 days. Every 25 days a new Scientific cause will be selected and giving funding.

Like Bitcoin and its siblings, Litecoin, Primecoin and DogeCoin, Einsteinium is a distributed peer-2-peer digital currency.


For more information about The Einsteinium Foundation please visit www.Einsteinium.org

###
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Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 30/03/2014, 22:04:10 UTC
Just forget about hashing algos or similiar for a Moment and join the AMA of our first funding winner!!!
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Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 29/03/2014, 06:14:34 UTC




serious testing going on.

- Testnet runs are successful

Current Test:
Compile wallet with an included hard fork date
Build Wallet
Download real Blockchain
Sent EMC2s out of *the scrypt blockchain* to the x11 wallet (PASSED!)
isolate the network
Setup 3 different nodes as seednodes and connect them viceversa
Let the hard fork happen (time and date was set - PASSED)
Transfer *scrypt-EMC2s* to another x11 Wallet within the bubble-network (no connect to real blockchain)
Mine the Block to confirm that tx - Processing

sadly i have to wait until i find the first block with the diff of 14 even within my testnetwork.. as the diff is recalculated as soon as a block is found that will speed up things. Have to wait for ~6 hours i guess. *Greatly depending on the luck*

Once again and this is VERY Important for everyone to understand:

These are just TECHNICAL tests! There are a lot of things to consider and discuss before we will do anything like a real hardfork. Eventhough we have to do nearly everything we did in the past once again (building the windows wallets, setup a p2pool implementation, build android wallet, build working block explorer etc..). Thats no 'hooray..lets do that now!' step.
Just to make that point clear.

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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 28/03/2014, 15:48:36 UTC

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)


So its possible that X11 is a "Trojan Torse"?, trying to trick us with energy saving and ASIC resistant talk, when in reality its just a poor optimized algo?
And in the near future after a widespread adoption its true colours will show up? Like a super duper X11 ASIC miner?
Is the ASIC industry trying to manipulate us?  



Woah woah woah ... take off your foilhat Cheesy .. i only said that this 'optimization' is more or less a lucky circumstance by poor algo design :-).. nothing more
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 28/03/2014, 14:16:01 UTC
Btw. can you please disable the top wordpress-bar for non-admin/legitimate users (which are only registered for the votings) at the foundation website.

@functions.php
Code:
if(!current_user_can('manage_options'))
{
    add_filter('show_admin_bar', '__return_false');
}


Have you figured out how to transfer the fund to the winner? If there are any news, please also update the twitter account so that we all can spread (or retweet Smiley) the word. It's too quiet there...

My bad - im the tchilp-guy Cheesy .. gonna boost that now!

I forwarded your suggestion to our webdev - Thanks for the advice !
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Topic
Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 28/03/2014, 13:15:09 UTC
Keep it coming guys - The whole team is reading every single post very interested!
We waited for the time when the discussion will take place so please dont let it die... discuss the x11 pro's and con's.

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)

--
Bounties:
The bountys are out of personal stash and - Please dont forget this: There is still .5% in the funding wallet dedicated for marketing purpose. Currently we are pinning a list internally with stuff what an urgent todo is and could be 'outsourced' :-).

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Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
derbrause
on 28/03/2014, 10:35:19 UTC
Hello all. 

This is my first post related to EMC2, but I have been mining it for about a week now and reading through the main forum discussions, so I'm somewhat up to speed on the concerns being voiced about switching away from the scrypt algorithm.  From what I've read so far, it seems that the community is ready to jump to X11.  But what I haven't read, is a detailed technical argument by someone who really understands the difference between the various algorithms available.  Voting is a great way to build consensus and strengthen the community, but it does not always guarantee the best course of action is taken, particularly when the voters have a lack of detailed knowledge on the subject matter.  Let me say right now that I am no expert in the field of crytos or algorithms or computer science at all.  I am a control systems engineer by trade and a supporter of cryptos because I believe their integration into societies will help to create better environments than current monetary systems are providing for 99% of the worlds population.  That out of the way, I would like to suggest that this decision not be made in haste by the developers, and that the community discussing this switch understand and agree WHY the switch is being made before deciding WHAT to switch to.

From what I've read on the EMC2 forums thus far, it appears that almost everyone agrees that ASICs are bad news for the future of this coin and most scrypt coins in general.  I agree with this sentiment from both a miners perspective, and a 'historical' perspective.  That is, scrypt was an alternative algorithm to SHA-256 initially implemented to prevent (or at least resist) the ASIC generated potential of centralizing a blockchain network.  It goes without saying that blockchain networks must remain distributed to preserve the trust-less encryption protocol that is their genius.  The instant that a 51% condition arises, is the instant that a blockchain network becomes incapable of performing its primary function as a trust-less verification system.  Thus preventing a 51% condition via integration of ASICs into the network becomes the single most important reason to switch algorithms now that ASICs are on the horizon.  Thus to me it seems, whatever algorithm the developers decide to switch to, should be the one that is most resistant to ASICs.  If multiple algos have near identical ASIC resistivity, then and only then, should features such as power consumption be considered.

So the question then becomes, which algorithm is the most ASIC resistant?  And just as important, who is qualified to answer that question?  I don't feel comfortable voting on this topic because I have no idea what the answer is.  I could search around the internet and read article after article and become more informed, but then I'm dependent upon the authors presentation of the information, which may or may not be completely accurate.  I could read white papers by the developers of different algos, but when I tried reading the Bitcoin white paper, I had to skim it because I lack the vocabulary to understand the details presented.  I could invest some serious time and fully educate myself on encryption algorithms, why RAM is necessary and how its circumvented, and how it all relates to blockchains, but there's no need for me to do that when people with that knowledge already exist.  So the duty of the Einsteinium development team then becomes to seek out the experts on this subject and get first hand information so that they increase the likelihood of choosing the best course of action.  From my understanding, experts on this subject are very forthcoming with their knowledge, as evidenced by the plethora of open source code they release, and can be readily found drinking spiked punch at Bitcoin conventions and crypto Meet-ups.

I know it feels like time is pressing and a decision must be made now, but this coin has a purpose based in love and a strong supporting community, it will survive a few ASIC whales long enough to allow the necessary time to gather quality information and make an informed decision.

I'm happy to have found this coin and look forward to becoming a part of the community.

Quoted just so everyone can read this super comment.
Thumbsup!