Strange. The last few posts seem to not understand the difference between ASIC and mulitpool at all.
Scrappy Do:
Nobody has made a single comment about excluding ASICs (that I remember) in the last several pages. In fact we've been supportive of ASICs. Then again, if you want to see 80+% of the algo you bought ASICs for go to multipools and be satisfied with less than 20% to split with other ASIC miners, have at it. My guess is your 1GH will be wasted on MYR as the multipools raid the blocks at low diff.
Zer0Sum:
Go back and read the posts. Nobody here is blaming the current price of MYR on multipools or ASICs. We all know the market's soft. This has been going on for months. Try actually reading the posts that describe the problem.
foodies:
Are you bipolar? First it's not an issue. Then maybe it's an issue. Then we know about it and are working on it. Then it's not an issue again because ASIC EVERYBODY INCLUDE. WTF dude? Nobody here had any intentions of excluding anybody in Scrappy's shoes. Preach full acceptance? Yeah, when multipool's incorporate algo switching and are generating 80% of all blocks on all algos, where will your acceptance level be then? We are trying to point out that if you don't look at this, YOU WILL CAUSE THIS COIN TO EXCLUDE EVERYONE BUT MINE 'N DUMP POOLS.
As someone once told me, sorry for the all caps, but I just feel like you're not getting the point.
Skein, Myr-Groestl, and Qubit are way more obscure than you think. There's no point for them to add switching just for these algos. They would not be getting any "bang for their buck", as I think only 1 other coin strictly uses Skein (Skeincoin), 1 other coin uses Myr-Groestl (QuebecCoin I think), and Qubit is used in all the X11 algorithms but I don't even know any coins using strictly Qubit? There's no incentive for a damn long time for multipools to add Myr's other 3 algos to their platforms-which may be even MORE of a reason not to switch to popular algorithms? neuro its the general point being made that needs to be taken seriously. There is no predicting specifics here. The example provided is a possible outcome.. you must see the line between now and tomorrow. right now we are getting hit hard by MPs.. the one best exemplifying this point is CEX.IO. Do you think they will stop or Slow down their pace toward higher profits at the expense of those who have no foresight to plan ahead? Look at the damage already being caused. Do you think it will get any better or continue faster and faster? How anyone look at the blockchain and say that something like this is going to stop once a higher hashrate is obtained? CEX.IO regularly obtains 40%+ SHA256 hashrate in the bitcoin space. What is stopping them from the equivalent to litecoin? Do you really think it is not within the realm of possibility they may redirect a significant portion of hashingpower to a future multipool? We have a multi-algo profit switcher. what is stopping them from making a GPU friendly version of a multi-algo-multi-coin pool? Look again. Look all around you. There are those in the past who said comercial flight was not possible, impossible most households will soon have personal computers in them. Look again.. take some time and consider: what if we are right. You must understand this. Energy spent trying to patch the fast multipool blocks when the Scrypt nethash is as low as it's gonna get is starting to look more and more like energy wasted in my opinion, but I am still not a fan of Scrypt slowly outpacing other algos w/ solved blocks. BTW, how many GH/s does CEX.IO put on Myriad? Other advice: While the hashrate of Scrypt is low I recommend ALL begrudged Scrypt miners to place low bids for MYR on Mintpal/Cryptsy/Poloniex and buy the coins that the multipool "stole from you" but then dumped onto an exchange. Let them do the work while we are growing and you may get more MYR this way per day than mining! |
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Bounty Alert: - "NoobMiner" - A 2-Click Wallet/Miner Application for Windows that sets the precedent for lowest barrier of entry to mining and profiting for the non-technical person, EVER. Bounty Address - MBqDZcwyoNAFenjjsPAZesKio8TXKUbYoD - I personally am donating 100,000 MYR to this project. Details (taken from my original post on /r/myriadcoin)This won't be easy - but nothing is impossible.
I'm not a coder but I'll outline the concept here and what I think it will need. "NoobMiner" is just a temp placeholder for the name. Think "2-Click Installer" that lowers the barrier to entry of MINING Myriad to non-crypto people. If Myriad really is a coin for everyone, then we should push the envelope and create the easiest miner to date. "NoobMiner" would also build upon community efforts to date - Electrum Wallet, MyriadSwitcher, and Community-Submitted Mining Benchmarks - exemplifying how contributions today can lead to myriad developments in the future.
The uber TL;DR version:1) Install magic money-making software 2) ? ? ? 3) Profit!
How "NoobMiner" Works from User End:1) Download "NoobMiner". 2) Install "NoobMiner" (first "Click"). 3) Press "Start Mining" (second "Click"). 4) Receive Myriad directly into wallet. 5) Profit! SIMPLE.
What "NoobMiner" Will Need from Coder's EndMain Requirements:A) Create a single GUI desktop app that combines Wallet+Miner B) Create and host p2pools for the 4 GPU algos (Scrypt/Skein/Myr-Groestl/Qubit) Note: A lamer/less simpler version would have standalone wallet and miner clients, but this is not as simple/easy for the user.The Coder Walkthrough as I See It:1a) Wallet is set up like normal ( Electrum wallet fork would be ideal since it's faster which = easier). 1b) Generate pubkey and pass it to the miner client. 2) Miner portion needs the most work. Behind the scenes it should do all these things: 2a) Install latest versions of all 4 GPU miners - Scrypt/Skein/Qubit/Myr-Groestl 2b) Detect user's video card model. 2c) Download any necessary drivers from the internet (automatically of course). 2d) Install dazz's MyriadSwitcher that automatically switches to the most profitable MYR algo for the user. 2e) Automatically load optimized mining configuration for each GPU algo based on user's video card (you can reference our Mining Hardware Benchmarks, for example). 2f) Load the p2pool information for each algo using the generated wallet's pubkey. 2g) Present the user with a 1-Click "EZ Mine" button after NoobMiner opens that automatically keeps them mining the most profitable algorithm without them having to think about how anything works under the hood. 2h) You can also give them the option to edit/tweak mining information as they learn more about it and understand things better.
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Strange. The last few posts seem to not understand the difference between ASIC and mulitpool at all.
Scrappy Do:
Nobody has made a single comment about excluding ASICs (that I remember) in the last several pages. In fact we've been supportive of ASICs. Then again, if you want to see 80+% of the algo you bought ASICs for go to multipools and be satisfied with less than 20% to split with other ASIC miners, have at it. My guess is your 1GH will be wasted on MYR as the multipools raid the blocks at low diff.
Zer0Sum:
Go back and read the posts. Nobody here is blaming the current price of MYR on multipools or ASICs. We all know the market's soft. This has been going on for months. Try actually reading the posts that describe the problem.
foodies:
Are you bipolar? First it's not an issue. Then maybe it's an issue. Then we know about it and are working on it. Then it's not an issue again because ASIC EVERYBODY INCLUDE. WTF dude? Nobody here had any intentions of excluding anybody in Scrappy's shoes. Preach full acceptance? Yeah, when multipool's incorporate algo switching and are generating 80% of all blocks on all algos, where will your acceptance level be then? We are trying to point out that if you don't look at this, YOU WILL CAUSE THIS COIN TO EXCLUDE EVERYONE BUT MINE 'N DUMP POOLS.
As someone once told me, sorry for the all caps, but I just feel like you're not getting the point.
Skein, Myr-Groestl, and Qubit are way more obscure than you think. There's no point for them to add switching just for these algos. They would not be getting any "bang for their buck", as I think only 1 other coin strictly uses Skein (Skeincoin), 1 other coin uses Myr-Groestl (QuebecCoin I think), and Qubit is used in all the X11 algorithms but I don't even know any coins using strictly Qubit? There's no incentive for a damn long time for multipools to add Myr's other 3 algos to their platforms-which may be even MORE of a reason not to switch to popular algorithms? |
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Cut ties with Bryce Weiner or this will end up really bad.
I know nothing about Bryce, or his plans. What I do know is he pumped this coin with grandiose plans and pre-announcement about announcements and then disappeared. Hell, I've seen scam coins announced here with more upfront information. If he's just spitballing ideas, great. Tell us. If he really is working on this other stuff, great. Again, tell us. Until he's a little more forthcoming, there is no reason to give any weight to his meanderings. I really hope colored coins take off on MYR, but that doesn't need Bryce. It needs someone with a motivation and a drive to create and release. They should definitly cut ties with him, he talks a lot and talks big but actually does nothing much. I followed his twitter for months and this guy just spam a lot : i don't believe he can seriously work on anything while twiting that much Also he looks like someone "not serious" and apparence does count Bryce does not work directly with anyone on the Myriad team. There is no "ties" to Bryce beyond us recognizing he has announced a major project involving MYR. He is putting his credibility on the line and he is not hiding his identify at all. I have actually reached out to him and talked with him, and surprise surprise, they were good discussions and we both share a lot of common beliefs about cryptocurrencies. Cryptocurrencies are decentralized: ANYBODY is free to do whatever they damned please with any coin. Why. All. The. Hate?! |
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The pools don't get cutoff, they decide difficulty has increased enough to change coins and left it to the regular miners. For why that is bad for regular miners, just read SilentBit's post.
The next 15 blocks in the list are the same 3 addresses listed above, with the addition of one more (MQkqCo7Wdr88iM5F6pJjc3x69iEmqiaD7F) grabbing the first and last three of the series. Someone with more time (I need to go back to work), can look at those addresses.
That's what I meant by being cut off, the diff catches up to them and they stop hashing while normal miners continue as usual. Now ask yourself this question: how would the litecoin network react to a 5-10x increase in hashrate and a 5-10x decrease in hashrate as soon as the diff adjusts to the increase. Allow me to answer: their network would freeze up as most of the other coins in existence that have larger networks than myr. But those normal miners continue on with little to show for it. Read SilentBit's post. Regarding LTC, their network is already so much larger that it wouldn't make much difference. Many profit pools have LTC as their low coin. LTC gets hit regularly, and has been for a while. For evidence, just go look at http://wafflepool.com/statsThat's not the point though. The point is a combination of SilentBit's post that explains how normal miners get borked and the fact that profit switching pools are working towards including algo switching. This means that the normal miner will get borked across ALL altos in the future. It was/is interesting to watch on one algo, but across all that would absolutely destroy this coins primary "for all" theme as the normal mine and hold guys get shafted. I feel I'm not getting through to you so I'll say it again: WHAT WOULD HAPPEN TO LITECOIN IF IT HAD OUR SCRYPT HASHRATE AND GET HIT LIKE THAT ? WHAT WOULD HAPPEN TO ANY KNOWN COIN ? IT WOULD GO TO SHIT THAT WOULD HAPPEN, ON OUR COIN IT'S BARELY NOTICEABLE. THAT'S THE POINT. EDIT: sorry for the caps, it's meant to take the point across not as shouting or something else. But that point is incorrect. There are a bunch of new altcoins that get hit by profit switching pools every day. They survive the network hit. What they complain about is loss of value to the miners and investors who want to hold rather than dump for BTC. The networks don't drop (most of the time). If you want to point out the loss of value to the MYR community (everyone that actually acquires MYR rather than mine 'n dump) as being low since there are other algos, that's what I'm warning about. Those other algos will not be free of profit switching pools long. Again, whether or not the network survives is unimportant to this conversation. This is not something unique to MYR. I've seen it on many new altcoins that get hit. The drag is on the pools themselves. They have less resilience to a bump in hashrate than the altcoin chains. This has nothing to do with the concerns raised about MYR and the response to profit switching pools. We are not talking about frozen networks or forked chains. We are talking about loss of value to the coin and the community that supports it in favor mine 'n dump profit switching pools. I'm just trying to understand: Your main concern right now with multipools is that they mine and dump and this creates a loss of value? I want to make a couple points if so: 1) If Myriad had the most perfect difficulty readjustment calculations for dealing with mutlipools, it still does not prevent them from mining and dumping. Nothing can prevent this. 2) Instead of worrying about something we cannot fix (mutlipool dumping) and its perceived negative impact on the day-to-day value of MYR (which is still debatable), why not attack this problem from the other direction? I think we should focus on creating buying demand for Myriad that would offset any multipool effects. Well, I think that the multipool mine and dump isn't the main issue here. But mining myriadcoin was suppose to have 20% per algo and not 21.6% for scrypt and 19.4% for the rest of the algo. Please change how the difficulty retarget works and everything would be fine.. The situation is being closely monitored. We are the first coin with a multi-PoW framework so there will be bumps in the road that nobody else has had to go over yet. We need to spend the proper time assessing the situation, gathering data, and providing meaningful responses. It's a good thing Myriad was designed with an incredibly fair distribution model (48 weeks of initial block rewards!). We do not need to trip over forwards trying to create a hurried solution. A few days of multipool "rape" means nothing in the long run, it is the creativity, intelligence, and diligence of our decision-making that define it. |
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To fight multipools we should have our own one!
You fight multipools by focusing your energy on giving people reasons to buy Myriad. Then mutlipools become an afterthought you couldn't believe you spent so much time worrying about. |
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The pools don't get cutoff, they decide difficulty has increased enough to change coins and left it to the regular miners. For why that is bad for regular miners, just read SilentBit's post.
The next 15 blocks in the list are the same 3 addresses listed above, with the addition of one more (MQkqCo7Wdr88iM5F6pJjc3x69iEmqiaD7F) grabbing the first and last three of the series. Someone with more time (I need to go back to work), can look at those addresses.
That's what I meant by being cut off, the diff catches up to them and they stop hashing while normal miners continue as usual. Now ask yourself this question: how would the litecoin network react to a 5-10x increase in hashrate and a 5-10x decrease in hashrate as soon as the diff adjusts to the increase. Allow me to answer: their network would freeze up as most of the other coins in existence that have larger networks than myr. But those normal miners continue on with little to show for it. Read SilentBit's post. Regarding LTC, their network is already so much larger that it wouldn't make much difference. Many profit pools have LTC as their low coin. LTC gets hit regularly, and has been for a while. For evidence, just go look at http://wafflepool.com/statsThat's not the point though. The point is a combination of SilentBit's post that explains how normal miners get borked and the fact that profit switching pools are working towards including algo switching. This means that the normal miner will get borked across ALL altos in the future. It was/is interesting to watch on one algo, but across all that would absolutely destroy this coins primary "for all" theme as the normal mine and hold guys get shafted. I feel I'm not getting through to you so I'll say it again: WHAT WOULD HAPPEN TO LITECOIN IF IT HAD OUR SCRYPT HASHRATE AND GET HIT LIKE THAT ? WHAT WOULD HAPPEN TO ANY KNOWN COIN ? IT WOULD GO TO SHIT THAT WOULD HAPPEN, ON OUR COIN IT'S BARELY NOTICEABLE. THAT'S THE POINT. EDIT: sorry for the caps, it's meant to take the point across not as shouting or something else. But that point is incorrect. There are a bunch of new altcoins that get hit by profit switching pools every day. They survive the network hit. What they complain about is loss of value to the miners and investors who want to hold rather than dump for BTC. The networks don't drop (most of the time). If you want to point out the loss of value to the MYR community (everyone that actually acquires MYR rather than mine 'n dump) as being low since there are other algos, that's what I'm warning about. Those other algos will not be free of profit switching pools long. Again, whether or not the network survives is unimportant to this conversation. This is not something unique to MYR. I've seen it on many new altcoins that get hit. The drag is on the pools themselves. They have less resilience to a bump in hashrate than the altcoin chains. This has nothing to do with the concerns raised about MYR and the response to profit switching pools. We are not talking about frozen networks or forked chains. We are talking about loss of value to the coin and the community that supports it in favor mine 'n dump profit switching pools. I'm just trying to understand: Your main concern right now with multipools is that they mine and dump and this creates a loss of value? I want to make a couple points if so: 1) If Myriad had the most perfect difficulty readjustment calculations for dealing with mutlipools, it still does not prevent them from mining and dumping. Nothing can prevent this. 2) Instead of worrying about something we cannot fix (mutlipool dumping) and its perceived negative impact on the day-to-day value of MYR (which is still debatable), why not attack this problem from the other direction? I think we should focus on creating buying demand for Myriad that would offset any multipool effects. |
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I've been talking about this with Mr_burdell on IRC. It seems to not be a pressing issue to him. The multipools have yet to ever fork Myriad (praise be to multi-PoW).
The only issue I see is that the brief period after we see 5 block runs by multipools--the next 10 blocks. If these next 10 blocks are taking way longer than 25 minutes to solve by the normal ecosystem of miners without multipools, then it's unfair to them. But as each block is solved, the difficulty adjustment goes down faster and faster until it stabilizes completely after 10 blocks.
Yeah, forking isn't an issue due to multi-algo, but neuro, the rest IS  The pool I'm in, mining with scrypt, hasn't found a block in almost 10 hours!!!  As a miner, I'm totally wasting my resources as I'll get zilch myr for them ... It doesn't matter if I can switch to other algos, because this simply says that I must move into another coin that I can mine in a profitable way and, maybe, use the proceeds to by myr (assuming I have the necessary hw; yes,I'm using asics to mine scrypt) Personally, I don't see this outcome as positive for myr  To put it simply, I really think myr's developers should start discussing changing the code to be more multipool resilient (notice the word  : resilient, not resistant  )Multipools are part of the ecosystem and have their role to play, but we need to better get along with them ... and have ways to avoid such impacts. You are using Scrypt ASICs to mine MYR and you can't find any blocks in 10 hours? Have you had any luck since you posted this? |
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Just doing some research into an address (MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ) that keeps popping up using http://myr.coinpi.pe/ since it will display addresses with large numbers of transaction. On 5/27 (UTC), this address generated 305,000 MYR ( http://pastebin.com/AU2EakQW). Based on a block time of 2:30 (150 seconds), there should be an average of 576 blocks per day (per algo). This one address accounted for 53% of those blocks. At the end of the day, that address held a whopping 13,000 MYR. The rest were sent to M8LtymYa42xrxXmA8yydFcBDzeRhdz9X25. That account currently holds 17,537,005 MYR, and I can only assume is an exchange. This is the address used by Wafflepool, as you can see from the image below (taken from the Wafflepool rolling stats page)...  The referenced hash (6ad7beca9ba28732c598c06f6c40f958fe02e565d39d7d6988f16e82a895b45a) links to a payout to MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ. http://myr.coinpi.pe/tx/cb96fe1fc6b4d91631767b3b630b3baaef9d5faad701d2e61de371c83790b881This is ONE profit switching pool grabbing greater than 50% of the expected blocks in a 24 hour period. I did not look to see if blocks were created in greater numbers than expected, although I suspect they may have been based on the overall percentage of scrypt blocks climbing to 21.6%. Looking at a second address from that "burst" of blocks (MQgsHVckUWdELkyHxeQJJ3m7Dfu23ZKkpH) is interesting as well. On 5/27 (UTC), this address generated 160,000 MYR ( http://pastebin.com/jrtdG9Z2). It also dumped most of its coins to a single address (MEuTEpcNfFmMC8msP1t2vhis63rZgfo82f), having a total of 15,000 MYR left at the end of the day. I'm assuming this is also an exchange, as that address has a current balance of 4,403,000 MYR. On these 4 addresses (wafflepool & exchange + suspected profit switching pool & suspected exchange), there are no micropayments (sub reward size) like you would expect to see from a regular pool to miners. We know that one is a profit switching pool, and if we assume the second is as well, that means that 465 of the 576 daily blocks went to profit switching pools. That is almost 81% of scrypt blocks on 5/27 payed out to profit switching pools. That is almost 81% of scrypt blocks on 5/27 dumped the same day. (assuming that each pool carries over an average 10k - 15k daily) I would love to see some more detailed research performed to validate/invalidate my assumptions. Please! Now I can understand the thinking that, "oh, it's just ASIC flooded scrypt and we don't care because we have 3 other GPU algos." That's what I thought originally. But follow it through the next most likely progression. 80% or more of all blocks created by all 4 gpu algos will be generated by profit switching pools that dump everything as soon as they can. Like I said earlier, the folks on the Wafflepool thread are already talking about an algo+profit switching pool. This can't be far away. A solution should be researched NOW, before it spreads. If those of us concerned about this are correct, this coin will soon become nothing but a mine & dump with no one holding but us poor schlubs who believed in the coin. Please, somebody take a look and waylay our fears with analytical data sets, not assumptions or questions. This is a big enough concern that I believe needs to be answered. We need to stay ahead of the curve. Very very interesting research you have done here. This is the type of analysis I love. I'm going to make a record of this, pass it along to a few of the devs to ensure they read it, and start thinking about the problem in depth. One thing to think about: If the multipools on Scrypt didn't exist and those 81% of Scrypt blocks went to the other miners on Scrypt...would they have dumped too? Furthermore, the 305,000 MYR that the multipool mined yesterday in your first address report comes out to be ~0.88 BTC at 300 satoshis. This is a pretty damn mild "dump" that at the very worst puts MYR into the hands of someone who wants them.
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it is a so profitable coin with CPU, i have mined it for some days
the price is droping. Why? Just my guess based on what we've seen over the past few days and how the markets are treating different coins differently: The market wants real programmers like DRK's Duffield and X11's Metcalf (he apparently has a serious linkedin profile) - not copy-paste "devs". And for whatever reason, market considers MRO to be a more serious dev team than QCN's. Have you guys even been watching what happened to MRO when it hit the exchange? Huge run up to it's all time high then at the end of the 2nd day of being on the exchange it dropped from nearly 0.008 to 0.00275, then it made another rally. Traders want to make profits. Once a coin reaches it's temporary max, the other way to profit it to unload everything and buy back at the bottom. QCN isn't doing anything that MRO hasn't already done on Poloniex. Don't worry. Just buy. |
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Here's the scoop with the Scrypt "multipool rape" everyone is talking about, as I see it.
1) The "memory kernal" of the difficulty calculations is 10 blocks, meaning only the hashrate over the last 10 blocks solved by Scrypt impact the present difficulty.
2) If a Scrypt multipool hops on and solves 5 blocks in a row on Scrypt (where SHA256d, Skein, Myr-Groestl, and Qubit have NOT found any blocks in this span), and it solves these 5 blocks in perhaps 1 minute (~12 seconds per block), does it jump off immediately or does it stay on longer?
A) If it jumps off immediately, the multipool only obtained 5000 MYR before the difficulty catches up, which doesn't seem like a hefty payout to the miners on the multipool.
B) If the multipools stay on longer, the difficulty catches up and everyone, including the multipool, is mining on a fair playing field again with a difficulty that accurately represents the current network hashrate at that time.
3) Once the multipool jumps off, the remaining Scrypt miners may experience longer times between solved blocks, but by the time they solve 6, 7, 8, etc.. the difficulty should be relatively close to what its value at the 10th block is, meaning the negative impact of the multipool is mostly eradicated before that 10th block is solved.
4) Let's quickly think about the state of Scrypt hash vs. difficulty right after a multipool jumps off: 1 algo (in this case, Scrypt) should normally find 10 blocks (the "memory kernal" of Myriad) in about 25 minutes (2.5 mins b/w blocks).
My question is: Once we see a run of 5 Scrypt blocks in a row (evidence of multipool), how long does it take for Scrypt to find its next 10 blocks right after this run? If it's ~30 minutes then the multipools's negative impact on Scrypt miners is almost negligible. If it's ~1-2hours, then this is certainly a negative impact placed on the non-multipool Scrypt miners. In this 1-2 hour time (IF this is the case), all the other algos are finding blocks at their normal rate and the miners on Scrypt are at a disadvantage until they catch up by finding their 10th block.
I think it would be very interesting if someone can write a program that analyzes the blockchain in this fashion to assess the "damage" done by multipools in a quantifiable manner. Basically: After a run of 5 or more Scrypt blocks is observed, how long does it take Scrypt to find its next 10 blocks? There should be multiple instances of 5 or more Scrypt runs all through the blockchain which we can use as different sample sets and compute an average for this multipool "damage".
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I've been talking about this with Mr_burdell on IRC. It seems to not be a pressing issue to him. The multipools have yet to ever fork Myriad (praise be to multi-PoW).
The only issue I see is that the brief period after we see 5 block runs by multipools--the next 10 blocks. If these next 10 blocks are taking way longer than 25 minutes to solve by the normal ecosystem of miners without multipools, then it's unfair to them. But as each block is solved, the difficulty adjustment goes down faster and faster until it stabilizes completely after 10 blocks.
Yeah, forking isn't an issue due to multi-algo, but neuro, the rest IS The pool I'm in, mining with scrypt, hasn't found a block in almost 10 hours!!! As a miner, I'm totally wasting my resources as I'll get zilch myr for them ... It doesn't matter if I can switch to other algos, because this simply says that I must move into another coin that I can mine in a profitable way and, maybe, use the proceeds to by myr (assuming I have the necessary hw; yes,I'm using asics to mine scrypt) Personally, I don't see this outcome as positive for myr To put it simply, I really think myr's developers should start discussing changing the code to be more multipool resilient (notice the word : resilient, not resistant )Multipools are part of the ecosystem and have their role to play, but we need to better get along with them ... and have ways to avoid such impacts. The current diff calculation algo is probably one of the best in existence. I don't think there is a better diff calculation method that can protect you when your hashrate is under 1GH and a 5-10-20 GH multipool jumps on you. I think the diff retargeting is coping very very well with such attacks where other coins would fork sideways or get stuck at some absurd diff height. Is there compiled list of all difficulty calculation algorithms? Is there any way to assess which one works best? For SilentBit: How many miners are on your pool? Is it a good size of the Scrypt hashrate or is it a small pool? Just because your pool doesn't find a block in 10 hours does not mean other Scrypt miners are not finding blocks. |
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Screenshot of Android Wallet  The funny thing is I posted this screenshot on Twitter and someone sent me 500 MYR! I <3 cryptocurrencies, but most of all I <3 Myriadcoin. |
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Recent Bounties Paid:
dazz - Myriad Switcher - Full Bounty - 51500.036 MYR
HashEngineering - Android Wallet - 1/2 Bounty - 120,000.00 MYR [*Other half of the bounty (123,000.11 MYR) is paid when Myriad Wallet gets listed on Google Play]
Thank you for your contributions! The community thanks you!
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Just finished consolidating the reddit sidebar (/r/myriadcoin). Lots more room for new stuff to add.
If there are any pools, merchants, or utilities that you do NOT see listed on the sidebar, please let me know!
Thanks everyone.
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but seriously..
prove me wrong when i say that a multipool being able to mine 5+ blocks scrypt near instanty... can fork the whole coin.
ive been trying forever to get this resolved wtf what good does the 10 block lookback do? all i have seen is it allows multi-pool abuse and unfair advantage..
FYI: we are now being multi-pooled by CEX.IO
GET THIS RESOLVED
I've been talking about this with Mr_burdell on IRC. It seems to not be a pressing issue to him. The multipools have yet to ever fork Myriad (praise be to multi-PoW). The only issue I see is that the brief period after we see 5 block runs by multipools--the next 10 blocks. If these next 10 blocks are taking way longer than 25 minutes to solve by the normal ecosystem of miners without multipools, then it's unfair to them. But as each block is solved, the difficulty adjustment goes down faster and faster until it stabilizes completely after 10 blocks. |
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I want to make a suggestion for the block reward structure:
1. Get rid of one PoW function. Preferably Scrypt, since multipools target this algo the most.
2. Insert a PoS structure (20% of coin creation) whereas you get more stake for having less coins in your wallet. For the people in Brazil this means you will get more if you have less, which means a healthy distribution pattern.
A) As Myriad grows in network hashrate on every algo, the effect of multipools will be dimished over time (theoretically) unless the multipools grow at some extreme rate. B) No POS, ever. I'm not the definitive authority on the direction of this coin, but I think POS attributes will only hurt this coin. C) The idea of more stake % for the less coins you own is certainly interested, but even if we were to implement some sort of POS function, how do we determine the numbers? Say I have 1000 MYR and I receive a LOT more stake than those with 1,000,000 MYR. What would incentivize me to mine more? The stake would have to be low enough so that I would receive more by POW because we need every miner to remain mining. D) At the very least, I appreciate you brainstorming a future direction for Myriad. I don't agree with POS implementations at all, nor do I agree with removing an algorithm right now. But this doesn't mean we can't have open discussions about it. Many people are worried about Scrypt multipools "destroying" Myriad. They won't destroy Myriad. Runs of 5-10 blocks will happen, but then at most Scrypt miners are left with a short period where blocks take a little longer to solve, and by the 10th block the difficult fully resembles the network of miners again. However, I do want to run some statistical analysis to really investigate this issue and if it is being detrimental to Scrypt miners more than I think. |
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