So what is is about exacly?
It's about ending ASIC centralization and a step forward in allowing the world to have a chance at mining. |
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You can run a full node without storing the whole historic block chain. See section 7 of the Bitcoin whitepaper for one approach.
Did not know this. Thanks for the lead. |
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Just wondering if this is a feasible thing to do down the road?
That would be a deliberate attempt to support the scam. So the consensus here is that Maidsafe is a scam? |
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I'm not saying I have lost any faith but it is lost its touch since I was introduced in 09 if anything it has become monopolized.
What is killing the bitcoin are the multi-million dollar data-centers dedicated to mining, little to no acceptance as an alternative payment method, nearly impossible to keep up with difficulty increases, and limited peer to peer exchanges.
Tell me otherwise?
Psst. Myriadcoin. The 1st Multi-PoW blockchain, something that Dan Kaminsky discussed at the 2013 Bitcoin Conference. I love Bitcoin but I've gone head over heels for Myriadcoin, despite it being glanced over as a 'shitcoin' to most folks. So I understand there will be the typical negative reaction in a Bitcoin thread.... But at least check it out. |
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Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms.
What/which "storage problem" are you talking about?
The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive. |
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Does anyone feel polishing up the Myriad mining guide? We can put it on a Myriad Wiki at some point. Here is the rough guide made by foodies: https://bitcointalk.org/index.php?topic=545805Big bounty will be rewarded for doing this. |
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Just wondering if this is a feasible thing to do down the road?
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Just wondering if this would make sense down the road?
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Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain data down the road?
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Someone just donated 20,000 MYR to the Android Wallet bounty. Thanks!
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New Myriadcoin Bounty Listing!Myriad Youtube Tipper Bot: MKgAspTqp9C5i44hWReqBksTcmAkwJK5y7Create a Youtube Tipper Bot for Myriadcoin. You may need to utilize Google+ Accounts. (For reference, Coinye was able to create one here: https://plus.google.com/u/0/110820315203668613125/about) I personally will be donating 10,000 MYR to this bounty right now. The Youtube market is a huge untapped resource. If we want anyone to use Myriad, being able to tip on a platform like Youtube is HUGE. Here is the rest of the bounties for the community to donate to: http://just-wegi.de/myriadbounty/Here is a screenshot for the lazy: 
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does anyone know if there are any profitability calculators for mining myriad? I really like the coin and would like to support it, but I am not sure I could justify it if it is not profitable to mine. Thanks!
There is a scrypt calculator on cointweak.com There is a SHA256 calculator on whatmine.com Other profitability websites can't handle Myriad's complexity and sheer awesomeness  |
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... also using getmininginfo would require running a wallet on my mining rig (or using RPC to connect to one) which further complicates things. That said, it would probably be an improvement to use getmininginfo, so if someone wants to send me the maths to get from the difficulties of the various algos to "Coins/Scrypt MH" then I'll update my script and post a new version using that.
it should be in a config file because 290/290x mines differently than 280x (faster skein, slower groestl for the same scrypt mhash/s) I made a php script that does the same thing for windows: https://bitbucket.org/iopq/automatic-algo-switcher-for-myriadcoin/I scape the difficulties from the JSON api and my config file has the settings for an R9 290 if you want to do it from the wallet and run the wallet I suggest you use the same approach, I have scrypt disabled because it takes too much power what you might want to also do is scrape the price info, let the user specify the power usage of each algo (and $/watt), and calculate the most profitable algo based on current price and selling immediately after mining Hmmm I was wondering about that. The "Coins/Scrypt MH" number seems to give me a good enough approximation of profitability for my R9 280x for my purposes, but I see that to do it properly those numbers would need to be weighted for different GPUs. I guess the numbers are just discovered experimentally? I don't have the time (or the equipment) to work out the weightings for coin production on different algos and different hardware unfortunately. Your idea for letting the user specify the power and doing a proper cost analysis before choosing the algo is great... but again I'm not sure I have the time right now to implement that  I think I will take up foodie's offer of a nice simplified "Coins/Scrypt MH" webpage to get the numbers from and leave it at that for now. I'll also implement a decent algo choosing mechanism - maybe based on the setting of the commands at the top of the script (ie: no command for a given algo means leave that algo out of the running). At some point I'll put it on github and open it up if people are interested in contributing? Also - a question for the devs and other coin-tech people: Is the constant switching of miners between algos in this way considered harmful to the coin? Obviously if *all* miners were switching en-mass on the hour, it would cause some pretty wild and weird swings in difficulty and hash rates for the algos... I know auto-switching pools are frowned upon for this reason by some people. When you have big enough hordes of miners chasing profit from coin to coin it can severely impact hashrates and leave coins vulnerable to attack at certain times. I suppose chasing profit *within the one coin* as we are doing here is not as bad... but then its open for analysis / discussion. Thanks. I will tip you well if you can set up a simplified Coins/Scrypt MH webapge taht accounts for different GPU benchmarks. I don't think the constant switching of miners between algos would be harmful. The difficulties for each algo retarget after every block that algo finds, but I'm not sure what type of memory kernal is put in place (how far into the past it using the hashrates). |
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Myriadcoin.
Not a "Bitcoin 2.0" coin, more like a more decentralized blockchain for PoW (a miner's paradise).
5 algorithms can mine. Each algorithm gets 1/5 of the "pie" (total coins over time).
SHA256 (ASICs), Scrypt (GPUs/ASICs), Skein(GPUs), Groestl(GPUs), OR Qubit(CPU/GPUs).
If more ASICs hop on SHA256, they only compete with SHA256 miners for their 1/5 of the pie. This way, for example, Groestl or Skein miners can mine and compete with mostly other GPU miners (and some GPU farms) for their 1/5 of the pie.
It solves the centralization of ASICs and the fragmentation of mining in cryptocurrency land. It also enables much much more.
Merged mining is being enabled with Myriadcoin. Colored coins are being used by Blocktech to bring "Liberdade" branded Myriadcoins to Brazil (and teaching them to mine, it's not an airdrop.)
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How many people use moolah ? noone. I'm about to. |
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