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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Multi Algo - SHA or Scrypt or Qubit or Skein or Groestl
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on: March 26, 2014, 06:35:36 PM
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I'm not sure, for now making a dedicated sha3 coin mining asic isn't feasible, but given how this coin progresses as time goes by it certainly WILL be justified.
That's good tech info on scrypt-chacha, but I must disagree with your assessment of next-gen ASICs. If I am buying an ASIC, do I buy the one that is proven and tested, and mines an algo that hundreds of coins use, or do I buy the brand new one which might be scammy or overheat, that mines an algo that only 2 coins use? It's clear to me that MYR will be "ASIC-averse" for the long term. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Multi Algo - SHA or Scrypt or Qubit or Skein or Groestl
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on: March 26, 2014, 07:26:45 AM
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+1 sha3 asics exist. I posted proof a few pages ago but nobody bothered to read my post.
I like myr but of it gets any bigger basics can be developed to mine it easily. and I'm talking skein, keccak and groestl not just scrypt and sha256.
Long time lurker (myriad coaxed me out of the shadows) and first post in the BTC forums so please be gentle! You are definitely right and it was an interesting paper. They will be months even years away as the profitability is in scrypt right now but no matter what algo is developed an ASIC will eventually exist given the profit motive even with punitive N-factors (although they seem somewhat effective in the medium term). So going forward this coin will need some way of adapting the 5 algos to ensure it keeps a healthy balance between hash rate/hardware cost/transistor density/asic friendlyness. OK, SHA256 and scrypt ASICs already exist - this hasn't stopped MYR from being the FAIREST OF THEM ALL. Let's calm down about this "ASIC endgame". Making a qubit or skein ASIC would be ridiculous right now : the market hasn't proven the need for them, and nobody will just invest $200K and 6 months of hard work to make one without this. |
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26
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Multi Algo - SHA or Scrypt or Qubit or Skein or Groestl
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on: March 22, 2014, 12:41:18 PM
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What is the dev waiting for with the fork ? This coin needs a CPU only algo ASAP! If you cant implement RIC or XPM algos create a brand new one - if a GPU miner is released we can fork again and again.
I'd love to see the bock reward halved, lets make this coin scarce! I'd also like to see block time increased to 1 min (30 secs blocks = too many orhpans) and one algo removed (why have 3 different GPU algos?!).
MaxCoin has done the same and the community loves it - 300% price increase since the announcement!
Lets get other developers working on this coin, the original dev - i am not a fan of.
EDIT : If the community is against reward halving, perhaps we can implement Heavycoin voting mechanism so miners can chose the block reward themselves. We really should pick up all innovative enhancements of other coins
So whats special about this coin, 5 GPU algos ? bah. I hope others feel different. Mining for fun or profit ? You wont see any real profit if it stays like this. We need a reputable developer, this guy 8bitcoder, is a joke.
1 ASIC SHA
1 ASIC SCRYPT
1 GPU
1 CPU
HeavyCoin Voting for block reward
Sounds like somebody needs to launch his own coin - I believe the name FaggotCoin is available? Nobody wants to hardfork any coin - it's a big waste of time, and costs credibility. Anything worth mining on CPUs will be ported to OpenCL or CUDA within weeks. RIC and XPM are exceptions but why don't you just mine those coins if you're really such a CPU cockmongler. |
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27
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Alternate cryptocurrencies / Altcoin Discussion / Re: Myriadcoin and 51% attack/selfish mining
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on: March 21, 2014, 09:59:25 AM
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to 51% myriad afaik. you would need 51% of each algorithm (technically only 20% or so is required for a chance of success. 51% is pretty much guaranteed (thats how wdc got attacked))
and selfish mining from what i know would just cause the selfish miner to fork due to the requirements to have the other algo's
Ok, so I take it as yes, myriadcoin is technically more secure and less easy to attack compared to bitcoin. However, it has 5x or greater risk of an algo being compromised mathematically (groestl, qubit and skein are still somewhat experimental, right?)... Although I suppose the coin could be hardforked if such an event occurred? |
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28
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Other / Archival / Re: delete
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on: March 21, 2014, 09:52:31 AM
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I highly suspect the Icelandic authorities hired a crew to do this as the resources needed to do this, this quickly are huge.
if iceland had white hats in their government with this kind of awareness and know-how, it would be a huge step forward for the entire world. LOLZ, but wait - if you think it through, it's not the Icelandic government who is really worried about this coin taking off - it's the banks and corporations who hold their DEBT who are worried... I'm guessing a few million would be a SMALL amount for IMF to throw at this... but eventually the story might leak... Since the Icelandic central bank has imposed capital controls, AUR could theoretically wobble their "peg" on the krona (not something they want). For the average citizen of Iceland, AUR means FREE MONEY and GROWTH, as well as a chance to import stuff from foreign countries. Who could be opposed to this? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MAX] MaxCoin - Alive and Kickin'
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on: March 20, 2014, 08:27:14 AM
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Secondary , god know , nobody will shout that he is exploiting a chain , besides BCX. Yes but he claims he's attacking Auroracoin, not Maxcoin (yet). In theory anyone using KGW should be vulnerable. The Dogecoin people have already released a new build which switches to a new diff adjustment. Even if it's an attempt to drive down prices via FUD, the KGW issue seems real... |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Mining for all - SHA or Scrypt or Qubit or Skein or Groestl
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on: March 19, 2014, 09:53:31 AM
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Question: if I mine the crap out of MYR with SHA256 ASIC, do the other difficulties go DOWN?
I notice that the algos are roughly equally distributed on the blockchain, and I doubt that people are mining with that even of a distribution...
Could this make the coin vulnerable to some weird exploit similar to the rumored attack on Kimoto's Gravity Well?
nope, if you watch it hourly like I do (yah I know ... I need a life) you would see discrepancies of even more than 100% between algos profitability Those fluctuations in difficulty seem broader than with other coins - could there be that many people "hopping algos", or is somebody gaming the alleged KGW exploit? Also, the fluctuations look periodic instead of random or linear... Each proof of work algorithm has its own independent difficulty.
Any algorithm can find the next block.
All the algorithms use the same difficulty adjustment method. This is fairly clear - so diff adjusts per algo, such that roughly the correct number of coins is mined each day for each algo. Sometimes you read it, but you don't understand it the first time... |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Mining for all - SHA★Scrypt★Qubit★Skein★Groestl
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on: March 13, 2014, 04:30:00 AM
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I hope so, because it would be shame if coin like MYR didn't succeed.
how can it not ? I depends on your definition of success... Personally I am happy to see miners quietly mining, and not too many "whale pumpers" - those guys can kill a coin quicker than anything. The technology underlying Myriadcoin is a new incremental improvement on the bitcoin concept - this can only be said about a handful of other altcoins... Look at what happened to Auroracoin - is that success? I initially thought it was a great idea, but now it's ruined as an investment or a mining target - these pumpers got their wieners all bulged up and distorted the hell out of its value! |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - Mining for all - SHA★Scrypt★Qubit★Skein★Groestl
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on: March 10, 2014, 06:31:00 AM
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thats because the people ddosing are getting all the blocks and 500btc in coins per day its really cool and totally helps out the crypto cause...
makes us all look so good dealing with scams like this all the time, where the ppl ddosing are the only ones making money
This is painful, but it seems to be the truth - is it me, or were the pools running just fine before the financial speculators showed up and started posting market cap predictions? I would assume that they have private pools (rather than solo mining) that they use to arbitrage the mining after they DDOS the crap out of all of the public pools? I guess the answer is to NOT SELL your coins for awhile? Or just BUY AND HOLD any available coin? Then these cunts move on to the next pump "opportunity"? A few MYR strikes me as a good LONG TERM HOLD since it's based on good technology. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum IPO reboot coming, time to get nervous about the future of crypto
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on: March 08, 2014, 04:43:20 PM
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When you're dealing with this massive number of people, it's obviously no longer an open source p2p currency project, but an actual corporation looking to make mega bucks.
I watched the video and they said "Turing Complete" 3 times in seven minutes... My intuition tells me that this is a corporate+geek pre-mine IPO scam... Buterin knows his tech stuff, but he's in over his head: the blockchain is not that cool of an innovation. This planned grand architecture will do roughly what GNU Hurd has done - NADA. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Myriadcoin is a timebomb! Tick tick!
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on: March 08, 2014, 03:37:56 PM
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Because of all the hyped launches that usually don`t have much to them, this coin was under the radar, it seems now people start to see what 5 algos into one coin means,diff is rising, price is catching up to the diff slowly, and it hasn`t any major exchanges, for this I am supporting the coin even with small donations to the bounty/reward for the dev, even if I don`t have impresive hashpower, this definetely has something to stick it out of the crowd.
Investing time and money into cryptocoins is an investment in TECHNOLOGY, not FANCY WORDS and GRAPHICS. Dogecoin was a joke, but geeks built lots of real technology around it - that's why it's "a shitcoin with value". |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MYR] Myriad - MULTI ALGO - SHA★Scrypt★Qubit★Skein★Groestl - Exchanges
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on: March 06, 2014, 05:22:57 PM
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Funny, because I myself mined ~400 MYR with CPU 2 days ago.
Which coins CAN you mine with a CPU? Not very many, last time I checked Primecoin and Quark are the only ones likely to be worthwhile anyway? And did somebody ask for those algos to be added to MYR? Not what I saw.
It's my understanding that CPU mining usually works only when a coin is new - somebody quickly hacks up the GPU miner code and the game is over...
We can discuss further if necessary. Thanks
400MYR? yahooooo! Meanwhile ask someone with GPU how many did they get... I wasn't bragging. I was merely pointing out that CPU mining was possible AFTER the whining about CPU mining not being profitable started. I'm not one of these miners who flashmobs every new coin and tries to hoard it, then dumps them on some dodgy exchange that will probably just keep my coins... ** I like this coin and I'm here to praise it FOR THE WAY IT IS.
First, quark is not CPU only coin, it's more profitable with GPU. Second, many people asked for Primecoin, but it doesn't have to be Primecoin algo, could be anything that is only minable (or only profitable) with CPU (currently only Primecoin, RIC and MMC are more profitable with CPU than with GPU)
Let's remember that Quark is hardly worth mining at all, because the block reward is too low. If you're saying a GPU miner has taken that over as well, then it's completely out as "algo6". So XPM, RIC, and MMC are the only algos you would even consider adding?
Prime would not be a bad algo, however the code is different and integration might be tough. This dev has already wired together FIVE algo and created a "balanced difficulty" between them - why mess with a good thing? A hard fork is bad enough, but what if there were imbalances with difficulty when adding another algo? I like this coin the way it is!
I vote NO on "new algo". In a brotherly way.
A hard fork doesn't have more implications than a upgrade of the wallet from everyone, nothing else, it's not "bad enough", nothing wrong about it. Upgrading the wallet for everyone is hundreds of hours of error-prone work. Also, when you make changes to software, you have to code, compile, test, find bugs, debug , fix , rewrite, and release them. This is C++ code for MONEY - not some PHP website. Do you want to do this work so a handful of holdout CPU miners will be happy? You could start a bounty thread if you're not up to the work... MMC has a GPU miner
It's not about having a GPU miner, it's about being more profitable, MMC is more profitable with CPU than with GPU. There are also private XPM GPU miners, but they are just not profitable because they are slow. Honestly, if we could fast forward to a bug-free future MYR with a CPU-only algo and everybody hardforked I would like that. However, I believe this coin is the "fairest of them all" already... ...and I just don't think it's worth the work and that it could kill the coin too easily. |
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15 hours mining without any coin.
