Algorithm Percentages

The first halvening is coming up…

Right now we are at 60/38/2

We are supposed to go to 30/65/5 for era 2.

It looks like we should keep cpu mining dominant, say 60/35/5?

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The more that I think about it, the more I am leaning towards leaving percentages exactly the same for one more period. We have a good mix of CPU and GPU miners, and with more miners coming in using their gaming rigs CPU mining is very important. If we flip heavily towards GPU, we are inviting major farmers who will drive up the difficulty levels on ProgPow mining reducing the yield of current GPU miners. So even if the GPU percentage share between the 3 algos would go up, the actual yield for the casual miner or even small farm would drop.

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I agree 100% with @YogaDude here. The current state of the mining seems to be pretty well decentralized with the focus being on CPU at the moment as it’s no so easy to ramp up a cpu farm than it is for GPU rigs. So switching to 65% rewards for ProgPow GPU miners + 5% for ASICS (which are basically large RAM gpu miners atm as there are no CT31+ ASICS and there won’t be in the near future) will push us towards centralization and put us in direct competition with many more gpu minable coins than with the current state.

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Summarizing from the telegram discussion, it seems like keeping it how it is, or perhaps going to 55/40/5, would make sense?

The ASIC proportion is intended for SHA3 Keccak, which hopefully will become a thing in the coming years.

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Yes, let’s keep it like it is as it seems we have a pretty solid mining foundation at the moment. Adjusting it slightly to 55/40/5 doesn’t seem to make too much sense tbh. There will be hardly any real effect for the miners but might rather cause confusion imho…

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Hi. I just joined yesterday. I recently bought a new CPU and was looking for something profitable to mine with my PC, preferably solo, with a reasonable chance to get some coins daily/weekly, and here you are - just what I was looking for :slight_smile: I’d advise to keep a good chunk for CPU miners for 2020, as the alternatives to EPIC are scarce, and it gives you a nice decentralization - building CPU mining farms is not very convenient as you get one cpu per motherboard / PSU (?) and its much more expensive than to direct an existing multi-RX580-rig to a pool that mines your coin. But well, thats just my 2 cents, I’m not an expert, keep up the good work :slight_smile: I’m with you, at least as long as solo mining is viable.

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I believe you need to keep on the path as planned out. People will see that the coin and its developer can to be trusted. However, like some of the colleges have indicated, too proportion more GPU vs CPU at this time can have a negative effect to those that have dedicated time and money mining RandomX(CPU).

The basis that made this coin very attractive was this simple notion that the “small guy” can mine. That is a very big chunk of the pie with this coin. You also want to bring in GPU folks too, and give them the opportunity to contribute. This will also benefit the blockchain. A proper balance of distribution could be the solution. As time has demonstrated, the fact is… there are plenty of GPU minable coins, and few CPU. I say stay on track with the "The first halvening ', change the distribution to 55/40/5, allowing CPU to be dominant and in keeping with the “EPIC CASH”'s values adjusting to the current situation in the world, where GPU mining is more expensive than CPU. Keeping the “little guys” in the game.

Second, be aware that the AMD and INTEL war is heating up. This could be sufficient reason to extend the distribution. The two competitors will be entering a fierce war for desktop processors and AMD with its lower prices would probably be the winner, but then again INTEL is no sleeping giant. There is a likelihood that the MONSTER AMD 3950X THREADRIPPER will go down to 500.00 US Dollars, as you know the 3900x with RANDOM X performs 15kh/s, killer. expect results is over 20kh/s with the 3950x.

This will open the flood gates of all sorts of people wanting to mine. These new I9s from Intel, has an enormous distribution schema. Every OEM maker is going to have these. Regardless of the results, CPU mining … as it stands right now, is SOLID.

Norcimo

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Thanks for the input, just to clarify, are you saying we should stick with the original plan, or to keep it as it is? What should the numbers be for era 2?

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I am pretty sure the majority of the people involved in epic at the moment don’t see any benefit in going down to 30% on randomx as initially planned. Reducing cpu mining to 55 or 60% doesn’t really make a huge difference imho so why bother changing it at all? If you want to slightly increase the gpu ratio 55/40/5 might be an “ok” compromise. Although I have to admit I don’t get the point. Will you attract more gpu miners with a 2% increase? most likely not, so again, why bother changing it at all?

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The code is already programmed with the original schedule, so to keep the current distribution requires tinkering with the code. Very simple to change so that’s easy.

Let’s hear some more thoughts and everyone, please clearly state your desired ratios for era 2 to make sure there is no misunderstanding. Thanks!

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In my opinion, I believe you have two options. Keep the plan with “halvening” & adjust too 55/40/5, or keep it as it is, but just have a good public justification, as I pointed some of the facts you can use. We all can agree that “30/65/5” will be detrimental at this time. I know that is a strong word, but that is a true possibility, as you are already aware by some of the feedback here.

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The philosophy behind the multi algo concept is to pursue maximum decentralization, as this is essential for censorship resistance and network resilience. We want Epic to be truly “Unstoppable Money” - it seems clear that right now, cpu is best for that, so keeping the current split is probably best.

We also attract a lot of “mine to dump” bigger outfits with gpu farms rather than individual people, so it will benefit our community if we keep rewards flowing to cpu.

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100% agree on this. Probably the best in terms of decentralization and participation of the average user is to keep 60/38/2 as it is right now…

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100% agree on this too.

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With great risk comes great rewards. Yes, large farms will probably come, yes, there will be a dump. But keep in mind that there are 100x more people in the GPU mining than with the CPU. Leave it this way and this otherwise promising coin will slowly go down …аnd I don’t think a change in plans spoke so well about the development team so early.

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To be blunt, I’d suggest keeping 60/38/2 for some time. Especially if you want the decentralisation, with current state of hardware, CPU is the way to go (and I think it will stay this way in 2020, and probably even longer).
GPUs are needed to increase the user base, but I believe currently you can still have plenty of them with 38%.

A side note, you got to be very clear with your reasons behind the change of plans with the community (bitcointalk etc), and explain what is the purpose of having 3 algorithms and that adjustable rates are a TOOL that should provide best decentralisation and security, and you can - and will - adjust them in the future, and you will not necessarily stick to the plan proposed at announcement date. It is in the whitepaper, but still keep that in mind and be clear about it.

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I personally think that CPU mining should be kept dominant during the second (2) era at least with the same percentage of finding blocks it has today (which is 60%), because according to the Epic Cash Explorer, today ProgPow Hash contribution is much higher than RandomX, even though GPUs are not finding as much blocks as CPUs

For me, that means GPU miners are okay with its current percentage (38%) of finding blocks, and it would be unfair to provide them a better percentage than CPU miners because they don’t seem to need it.

Also, I don’t think GPU mining farms are necessary today, and even if they got 65% of finding Epic Cash blocks they wouldn’t take advantage of it because of price, they would probably keep mining major cryptocurrencies like ETH, ETC, RVN… and so on

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GPU miners look at things differently - they have big capex and electric to cover, whereas individuals using cpus on underutilized gear, they can afford to mine and hold.

We can have an essentially infinite amount of hash from GPUs in accordance with our price, it’s a very efficient market. I believe our long term interests are best served by providing opportunity to the little guy, and that means cpu.

I’m going to create a poll in the mining telegram to capture data, will post updates here.

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It will be unfair to follow their original plans? Come on… :slight_smile:

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