How is that different from buying into coins mined by a larger group of people for the average buyer?

I may be very wrong here, but I don't understand how it makes a difference for me who mines the coins?
Having a large private GPU sounds like something that would put the pressure on the price downwards and make for cheap coins until a public miner is released.

It makes a huge difference. Look at Bytecoin(BCN) for example, 80% of the coins are in the hands of a handful of individuals who mined the coin in secret over a period of 2 years. Those people, have the power to control the price of the coin and play with it, however and whenever they want because they own such a unfairly large amount of the coin.

For the people mining this coin with a private gpu miner, they are getting most of the coins mined per day, making for a extremely unfair distribution. We can't tell if they'll sell or hold for later on, but either way, they technically "control" this coin, since they can manipulate the markets to their liking.

Features alone isn't what makes a cryptocurrency good, distribution plays a large role. Bad Distribution will stop any cryptocurrency from getting far, look at NXT for example, it's price hasnt gone above 10 cents since the bitcointalk public realized it's extremely unfair distribution with the first 50 addresses on the NXT richlist, holding over 45% of all NXT coins

All you're doing by buying this coin, is making the guy/s mining with the private gpu miner, very Rich.

I may be very wrong here, but I don't understand how it makes a difference for me who mines the coins?
Having a large private GPU sounds like something that would put the pressure on the price downwards and make for cheap coins until a public miner is released.

Nozick's famous Wilt Chamberlain argument is an attempt to show that patterned principles of just distribution are incompatible with liberty. He asks us to assume that the original distribution in society, D1, is ordered by our choice of patterned principle, for instance Rawls's Difference Principle. Wilt Chamberlain is an extremely popular basketball player in this society, and Nozick further assumes 1 million people are willing to freely give Chamberlain 25 cents each to watch him play basketball over the course of a season (we assume no other transactions occur). Chamberlain now has $250,000, a much larger sum than any of the other people in the society. The new distribution in society, call it D2, obviously is no longer ordered by our favored pattern that ordered D1. However Nozick argues that D2 is just. For if each agent freely exchanges some of his D1 share with the basketball player and D1 was a just distribution (we know D1 was just, because it was ordered according to your favorite patterned principle of distribution), how can D2 fail to be a just distribution? Thus Nozick argues that what the Wilt Chamberlain example shows is that no patterned principle of just distribution will be compatible with liberty. In order to preserve the pattern, which arranged D1, the state will have to continually interfere with people's ability to freely exchange their D1 shares, for any exchange of D1 shares explicitly involves violating the pattern that originally ordered it.

Blame MS for being too brain dead to support C99 or later in MSVC, and Nvidia for making nvcc only work with MSVC on Windows.

I can work on faster GPU miner. Wolf's is not that much faster imho. 1.4 vs 2.2mh is a little bad, but unlikely he has enough customers to force price out of profitability for people running OSS miner. Would be nice to get some help from community. Maybe somebody can run NV profiler and figure out where time is spent. I developed this on my laptop which cannot actually run it, so not sure where all the time goes. Obviously optimizing the kernel that takes the most time will buy us the most results.

How about release a wallet that works? I am using Win7 x64 but I cannot get it up and running!! It is still downloading the header for 2 days now!!

This is frustrating..!!

New gpu miner code released with 50% speed up. Unfortunately this is an arms race we can't really win. Anything I do Wolf will take to improve his miner. Best we can hope for is to make improvements he already has.


You need the latest wallet and start over. Delete data directory and such. It only takes about 10 minutes to sync and do ther verification. No days involved.