Lookin' good. A backtest of 100 would present a very nice buying opportunity.

I was reading around and came across this, and, the answer now is, YES!

The PM notifications just don't seem to get my attention. lol

Thanks again for the info. I'm sure it will help.

polanskiman,

I see you were monitoring this. How about your previous readings using sph-sgminer (both energy consumption and hashrates)? Much appreciated.

Have you documented the difference in AC consumption and temperatures?

Pokeytex, I'm still trying to get mine (they send me a periodic/idiotic e-mail saying they appreciate my patience, etc., but do nothing, and that after having told me over 6 weeks ago that a re-send had been approved); what phone number did you use, and who did you speak with?

PM me if you want to keep this below radar.

TIA

What do they say in real estate? Location, location, location?

Would we say coin, coin, coin?

Probably not.

We'd probably say, coin, wallet, network.

That's our foundation, and without it, everything else is wasted time and will eventually fail.




Make sure you've got a good location before putting your sign up.


(My 'Chinese proverb' of the week. )

Sounds good.


I also like e-mail registration/confirmation for each install. (I know that would kill anonymity, but that's a pipe dream that I think we'd better get out of our heads sooner than later, because sooner or later we know the IRS will have its ugly nose in the middle of everything and that sooner or later we'll be looking at forced transparency. You know what they say about negatives? Turn them into positives! MYR would also become the first truly transparent coin - my coins are my coins by golly, and I want my identity time stamped on each and every one of them!  )

Does FUD and flame cause price to fall?

or

Does a falling price cause FUD and flame?



It really isn't as simple as either one. It's a chicken or the egg argument. They are intimately connected, very symbiotic. When things are going good, everything builds together, and when things are going bad, we get reinforcing downward spirals - what is sometimes called the "snowball effect".



Oh, if life were only so simple that we could really believe in the "don't worry, be happy" meme. 

Happy Birthday, keep up the good work, and best wishes for continued success!

That's an idea, but if people have multiple machines (laptop for work, old machine dedicated to downloads, the kids' computer, etc.) they should be able to use them all . . .

I wouldn't have too much of a problem with multiple VMs - the real 'horse power' of the 'rig' can't be broken into more parts than the whole so, well, if it's got some powerful graphic cards to break up into CPU equivalents (remember there's a throttling threshold that caps each VM), then maybe . . . but would it really be worth it? The reward differences aren't really equivalents - not by a long shot - the GPU still has a handsome advantage over the CPU (and ASIC over GPU) and would most likely be better off mining Skein or Groestl anyway in the vast majority of cases, and the operator breaking things up into VMs would probably be shooting him/herself in the foot by trying to get cute. In the best of cases it would be a close call, but the margin of error would always go to legitimate use.

Read it more and more everyday. I'll check that out. Sounds very interesting, and very 'parallel'.  Thanks.

Have you got a link?

You're probably right. Wallet hacking would be a huge vulnerability, but I don't know enough about the technical aspects to be able to intelligently comment on this. Hopefully we'll hear from others with more specific knowledge on the subject.

But the general idea would be to do as much as possible with the wallet, and only the absolutely necessary with the coin.

I'm not a "coder" either, but I do have basic IT knowledge having worked with hardware, system and network administration, and web design/creation/administration for over 20 years (and I'm slowly learning C++ since that is the bedrock that everything is built on and will continue to be built on . . . so, someday, I might be able to at least tell you what's under the hood.   ).

In-so-far as this idea goes, the basic idea would be to do everything you possibly can with the wallet - the wallet would control the throttling of the hashrate input. Theoretically, you could throw TH/s at it, but it would simply ignore everything over the threshold and only report/submit everything up to that limit. Everything else would simply be ignored, or thrown away as it were. The other algos would mine unrestrictedly. You would essentially leave current functions in place, and add a new, restricted mining function for Qubit (along with its sub-functions).

The only change I would envision for the coin itself would be the reward amounts. Everything else would be done with the wallet.

Add: you might have to put some sort of dynamic checksum into the coin code to protect against wallet hacking . . .

That's my understanding as well, and while it would still be possible, it wouldn't make sense since that one wallet would have the same throttling threshold as every wallet, meaning that the botnet operator's total hashrate could never exceed that threshold either - as for the coins potentially mined, they would number the same as what would be mined with his/her own computer.

One wallet, one address, and your CPU (or the throttling threshold in the case of someone who wants to try and pipe more through, like with a GPU for example - keep in mind that older graphic cards may actually be slightly more efficient than an older CPU, and not hit the throttling threshold, or barely exceed it).

But, is it to be implied that a bot would download and install the wallet and then configure it to automatically start without the end user being aware??? Would this really be botnet vulnerable to begin with?

Yes I have (and usually in the same off handed manner).

Could you give everyone a quick run down on the theoretical vulnerabilities given my loosely defined specs (one miner per address, wallet restricted, throttled mining), and perhaps also on why such vulnerabilities would be impossible to address?

Here’s a Radical [Not So Novel] Idea (please don’t laugh)

Would you be interested hearing an idea that could take MYR ballistic and worldwide (in the truest sense of the word)? Well, sit back and read on if you answered yes.

This is an idea that could really cause MYR to go 'viral'. Can you imagine people from all over the world automatically mining MYR on startup of their PC? What could possibly get millions of people all over the world (including the underdeveloped world) doing that?

Let’s step back for some background and start out by remembering and taking into account some of my logical anti-ASIC arguments (I haven’t been too bad with my predictions in recent months either) and then move forward going one step further by looking at the opposite end of the spectrum.

Just like at one end of the spectrum we have an ever more concentrated and centralized network in combination with price under serious pressure, at the other end we also have an authentic widely distributed network with a stable and generally rising price, and if hardware specialization leads to the first, then, the opposite, namely, hardware generalization, should logically lead to the second.

Economies of scale are generally a good thing when referring to competitive markets; the only problem exists when those markets become concentrated (centralized) in a few hands, and then economies of scale can work against the common good. We need look no further than the fiat banking system to see what eventually happens.

One of the most important ideas at the heart of the crypto ethic was the idea that decentralization was key for creating a viable 'alternative' storage of wealth that could compete with the traditional fiat system.

Have we by some chance become sidetracked with our obsessions for short term profit? What with, hey, we’ve even got a website dedicated to this extreme distraction. What’s the name? Oh, yeah, here it is, Crypto Pump of course (how could it be named anything else?). http://cryptopump.com Was this what we all had in mind when starting out with cryptocurrencies?

Decentralization is all about making something as available as possible to as many people as possible. Are we really going in the right direction to accomplish that by favoring specialized and centralized economies of scale? Okay, a large market cap would be great for PR, but how long lived would it be if it’s not built on a real foundation. Selling out to short term specialization and centralization is nothing more than assured short term gain in exchange for long term pain.

So, if centralized specialization leads to ruin, then generalization, or decentralization as it were, should lead to system health and vitality – exactly what is desired for a solid and authentic vehicle for storage of wealth. And just what do I mean by “generalization”? I’m referring to making something as “generally” available as possible, and not just in words, but in real deeds as well. It’s one thing to say that even CPUs can mine, and it’s quite another altogether to say (and make real) that they can do so competitively (and we all know that the little guy can only be competitive in a “little guy world” where the rules are fair and designed to protect the little guy, and not one where major competitors are swallowing up what little guys are still left).

Have you guessed where I’m going with this?

CPU mining that is just as profitable as GPU mining, and also with ASIC?

Had you guessed?

Yes, CPU on par with ASIC!

If you do that, if you make MYR the cryptocurrency that everyone who owns a computer could competitively mine (seriously now, everyone), you’d have millions of users all over the world configuring their MYR wallets to launch on system startup!

Okay, there are some details to work out, like having a launch on boot setting in the wallet, and, of course, the automatic mine on launch 'plug and play' coding as well.

The wallet would need pre-configured mining parameters so that the new user could mine with a simple click, either solo, or better yet, with an official MYR worldwide P2P (worldwide really meaning worldwide with scores of active nodes all over the world).

The pre-configured, in wallet, miner would only mine using the CPU, or CPU equivalent that would be limited by a throttling mechanism that either matched the most powerful end-user CPU, or an average of the most common CPUs in active use (meaning that it would be possible to mine with a GPU miner, but never at a hashrate that exceeded the CPU throttling level per address, and never independent or outside of the wallet).

Rewards would look something like this:

Throttled Qubit CPU pre-configured wallet restricted mining = 4000 coins per block
Groestl = 450 coins per block
Skein = 450 coins per block
SHA-256 = 50 coins per block
Scrypt = 50 coins per block

And, with that, you'd put MYR on the world map as the first truly fair cryptocurrency in the world where everyone who owns a computer is looked at funny if their MYR wallet isn’t running 'in the background'.

How’s that for an idea for taking MYR mainstream?

You’re right. This would be even beyond mainstream!

Isn’t that what we really had in mind when getting involved in cryptos?



Now, let all those specialized, short term profitability obsessed, miners tell us why this is a bad idea (and GPU miners as well, for that matter) . . . something which should also tell us a lot.

Difficulties seem to be joined at the hip. It's roughly a .0349:1 ratio per MH/s. Still think an adjusted reward for each algo is the easiest way to go . . .

Thanks for sharing your personal mining numbers. It's good to have corroborative data. Hopefully others will also post theirs.