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Title: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: neuroMode on April 01, 2014, 09:28:23 PM Then go mine MyriadCoin. You haven't seen anything like it before.
Title: Re: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: roslinpl on April 01, 2014, 09:56:45 PM Then go mine MyriadCoin. You haven't seen anything like it before. Can you tell me why this is so special? Thanks! Title: Re: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: iopq on April 01, 2014, 10:16:59 PM Then go mine MyriadCoin. You haven't seen anything like it before. Can you tell me why this is so special? Thanks! that means it's harder to take over, especially when scrypt asics come out since you'd need sha-256d asics, scrypt asics and GPU farms to take over the network (from a theoretical point of view it would be even better if there was a CPU algorithm) besides, no one pool can be 51% of the network so it's not even a concern like the ghash.io thing was with bitcoin myriad-groestl algorithm saves a lot of power too, almost half of the wattage of scrypt on my machine (380 watt mining scrypt, 220 watt on myriad-groestl) Title: Re: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: WayToGo on April 01, 2014, 10:19:17 PM I feel MYR has a bright future ahead, when scrypt asics enters the scene.
Title: Re: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: roslinpl on April 02, 2014, 03:10:34 PM well I think this is interesting - but you must know this sounds not very easy to be stable..
If you can make it good - this is interesting idea. I will support. IF it will work. Title: Re: Would you support a coin that can be mined fairly by any of 5 different algos? Post by: iopq on April 02, 2014, 04:04:00 PM well I think this is interesting - but you must know this sounds not very easy to be stable.. it had one of the one pools not work on one of the algos... the other 4 algos still processed transactionsIf you can make it good - this is interesting idea. I will support. IF it will work. it's actually more stable than most new coins because of how the network can operate even if there's something wrong with 1 or two algos whatever was going to happen to auroracoin is much harder to pull off... the other algos give timestamps of blocks whatever happens to coins that get multipool mined is also not a concern, if scrypt difficulty raises, the blocks still get processed even if scrypt algo gets abandoned by the miners for a little bit (the difficulty will eventually get dropped) from a security and stability stand-point this coin is a definite stand-out disclaimer: I own like 100 of them from mining and I'm just selling them as I mine |