[ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining

[Mivexil]

If Maxcoin uses a pure Keccak implementation there aint anything stopping us from developing a GPU miner prior to launch or am i missing something?

By all means please go ahead and do it! It's needed, they said they are considering giving a bounty for it.

So it's basically a race for who develops the cgminer/cudaminer patch first? If I had more time, I'd take the challenge, but... meh.

Besides, GPUs-schmePUs, I wonder how many people still have leftover FPGA rigs from those gold Bitcoin days.

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[asboxi]

let me see, another coin but it could be an important coin

[BigAlby]

is this the first coin witht keccak?

No Copperlark has it as well

[hoertest]

Max was pushing those "silly crap coins" a week ago.

I buy
1: some fun/Meme/Copy coins because i see quick rewards
2.:long term in coins that bring inovation and something new even if they don't move that fast or I'm no early adobter.

Max coin has the Specs of the first with a profit expectation of the second. This will result in unfair distribution, thats why i'm negative.

[Sultanen]

is this the first coin witht keccak?

No Copperlark has it as well

Apparentley not the same implementation since they state that those miners won't work..

[delusiona1]

Looks interesting!

[krakerjaak]

is this the first coin witht keccak?

No Copperlark has it as well

Apparentley not the same implementation since they state that those miners won't work..

I would be curious as to how Maxcoin's implementation of Keccak differs from the one in Copperlark. One of the things I see is the number of re-hashes applied on the input data (Copperlark seems to use a double hash).

Maxcoinproject: Any detail on how exactly your keccak implementation differs from what's in the wild right now?

[Herp]

This is a classic pump and dump and Max Keiser knows it. Even if this is not pre-mined, the dev guys + max are first in line with their machines pointed at this coin to squeeze out first coins and dump them at high valuations after few weeks of daily mentions on Keiser report.

[dvc420]

As much BTC as Max has, why would he give a fuck to spend all this time just to get some meager pump and dump returns?  There are plenty of other chances to just fuel a coin of his choosing, meow, without wasting his own VC and time.  Max is a little more intelligent than Fontas, If he's going to fuck us over its going to be something more clever than another moon coin.  Don't throw the baby out with the bathwater yet. 

[hilariousandco]

As much BTC as Max has, why would he give a fuck to spend all this time just to get some meager pump and dump returns?  There are plenty of other chances to just fuel a coin of his choosing, meow, without wasting his own VC and time.  Max is a little more intelligent than Fontas, If he's going to fuck us over its going to be something more clever than another moon coin.  Don't throw the baby out with the bathwater yet.  

What time does he have to spend? All he has to do is mention in in his vids or make a few tweets. He's just enjoying the attention. He's going to become a cryptotroll.

[Crystaleyes]

 He's going to become a cryptotoll.

Wtf is a cryptotoll, when it's at home? 

[dvc420]

As much BTC as Max has, why would he give a fuck to spend all this time just to get some meager pump and dump returns?  There are plenty of other chances to just fuel a coin of his choosing, meow, without wasting his own VC and time.  Max is a little more intelligent than Fontas, If he's going to fuck us over its going to be something more clever than another moon coin.  Don't throw the baby out with the bathwater yet. 

What time does he have to spend? All he has to do is mention in in his vids or make a few tweets. He's just enjoying the attention. He's going to become a cryptotoll.

Anything is possible.  His credibility in crypto is at stake with this coin.  He'll either be Adam Smith or Billy Mays.  I just have to believe he understands there is more wealth to be had with long term value than there is in a ponzi.  I'm wrong about half the time.  

[Bigeyeone]

As much BTC as Max has, why would he give a fuck to spend all this time just to get some meager pump and dump returns?  There are plenty of other chances to just fuel a coin of his choosing, meow, without wasting his own VC and time.  Max is a little more intelligent than Fontas, If he's going to fuck us over its going to be something more clever than another moon coin.  Don't throw the baby out with the bathwater yet.  

Max is  in the news business and he not only creates news, he makes news himself, ever since the credit crisis he has been on a crusade against the banks, that of course caused the credit crisis, when they gambled away their clients money, they had to be bailed out with taxpayer money and newly created FIAT. So I would say max does seem to have a mission against the banksters.

But at the same time I have no doubt he is profiting himself from his mission. when he was promoting gold and silver when the credit crisis hit, at the same time he was doing that he had many referal links on his site to companies that were selling gold and silver.

In those days he was running a buy physical silver, crash JP morgan campaign and well the links to where to buy the physical silver were right on his website, with his referral in it of course.

It seems when the gold and silver market was at it's all time high, Max switched from gold and silver to bitcoin, he made no secret about it that he owned a lot of bitcoin himself, he has even said that it feels good to be a bitcoin millionaire.

He then started to promote other cryptocoins, first litecoin, then Quark , then coinye coin, when he first announced keiser coin, he said something about a race between coinyecoin and keisercoin. He then went on to kittencoin and set it up for a race with Dogecoin, so he was also promoting Doge at the same time.

I have little doubt in my mind that Max Keiser infact owned  all of the coins before he started pumping them and that he is doing 2 things at the same time, one he is on a crusade against the banksters as he calls them and two he is profiting form it himself while he is doing that, sometimes I doubt whether he really believes in the success  of his crusades against the banks and that he might just all be doing this for his own personal gain.

Like why would Max launch a new coin for a little pump and dump ? well he creates news, that is also his business, like hey launching a new cryptocurrency on TV, with the "LIVE " generation of the genesis block, that failed by the way.

Max is a trained wall street trader with loads of experience in pumping and dumping, old habits die hard I guess.

The thing is though he has a big audience, he is on Russia today and Iranian TV and he has the ability to sell cryptocurrencies to a lot of people and thus has the ability to pump and I have no doubt this coin will be pumped big time even more then quark.

So If I see an opportunity to mine a good deal myself, I am not going to let it pass, like if I can get my hands on a GPU miner, If there is not going to be A GPU miner for me to use, I think I am going to have to pass on this coin, because with the couple of CPU's that I have I don't think I am going to do well competing with the botnets, I have had that experience before and it was just not worth it.

[hilariousandco]

 He's going to become a cryptotoll.

Wtf is a cryptotoll, when it's at home? 

a cryptotroll* haha. I'm tired.

[Eadeqa]

Someone make a new MaxCoin.. not making it scrypt is just plain stupid. This coin is for botnets and asic farms.. nothing else. Move on.

Also it's ASIC resistant so it won't work on any of the currency asics.

Nonsense. There is no reason to believe SHA 3 is ASIC resistant

http://keccak.noekeon.org/

Keccak excels in hardware performance, with speed/area trade-offs, and outperforms SHA-2 by an order of magnitude. See for instance the works of Gürkaynak et al., Gaj et al., Latif et al., Kavun et al., Kaps et al. and Jungk presented at the Third SHA-3 Candidate Conference."

SHA 3 was designed by the creators to be efficient in hardware.

[tinus42]

Someone make a new MaxCoin.. not making it scrypt is just plain stupid. This coin is for botnets and asic farms.. nothing else. Move on.

Also it's ASIC resistant so it won't work on any of the currency asics.

Nonsense. There is no reason to believe SHA 3 is ASIC resistant

So can I mine this with my 4 USB Block Erupters or not?

[Bigeyeone]

Someone make a new MaxCoin.. not making it scrypt is just plain stupid. This coin is for botnets and asic farms.. nothing else. Move on.

Also it's ASIC resistant so it won't work on any of the currency asics.

Nonsense. There is no reason to believe SHA 3 is ASIC resistant

So can I mine this with my 4 USB Block Erupters or not?

no they can only mine SHA-256 coins , but new ASICS could be developed easily to mine SHA-3 coins

[dvc420]

As much BTC as Max has, why would he give a fuck to spend all this time just to get some meager pump and dump returns?  There are plenty of other chances to just fuel a coin of his choosing, meow, without wasting his own VC and time.  Max is a little more intelligent than Fontas, If he's going to fuck us over its going to be something more clever than another moon coin.  Don't throw the baby out with the bathwater yet.  

Max is  in the news business and he not only creates news, he makes news himself, ever since the credit crisis he has been on a crusade against the banks, that of course caused the credit crisis, when they gambled away their clients money, they had to be bailed out with taxpayer money and newly created FIAT. So I would say max does seem to have a mission against the banksters.

But at the same time I have no doubt he is profiting himself from his mission. when he was promoting gold and silver when the credit crisis hit, at the same time he was doing that he had many referal links on his site to companies that were selling gold and silver.

In those days he was running a buy physical silver, crash JP morgan campaign and well the links to where to buy the physical silver were right on his website, with his referral in it of course.

It seems when the gold and silver market was at it's all time high, Max switched from gold and silver to bitcoin, he made no secret about it that he owned a lot of bitcoin himself, he has even said that it feels good to be a bitcoin millionaire.

He then started to promote other cryptocoins, first litecoin, then Quark , then coinye coin, when he first announced keiser coin, he said something about a race between coinyecoin and keisercoin. He then went on to kittencoin and set it up for a race with Dogecoin, so he was also promoting Doge at the same time.

I have little doubt in my mind that Max Keiser infact owned  all of the coins before he started pumping them and that he is doing 2 things at the same time, one he is on a crusade against the banksters as he calls them and two he is profiting form it himself while he is doing that, sometimes I doubt whether he really believes in the success  of his crusades against the banks and that he might just all be doing this for his own personal gain.

Like why would Max launch a new coin for a little pump and dump ? well he creates news, that is also his business, like hey launching a new cryptocurrency on TV, with the "LIVE " generation of the genesis block, that failed by the way.

Max is a trained wall street trader with loads of experience in pumping and dumping, old habits die hard I guess.

The thing is though he has a big audience, he is on Russia today and Iranian TV and he has the ability to sell cryptocurrencies to a lot of people and thus has the ability to pump and I have no doubt this coin will be pumped big time even more then quark.

So If I see an opportunity to mine a good deal myself, I am not going to let it pass, like if I can get my hands on a GPU miner, If there is not going to be A GPU miner for me to use, I think I am going to have to pass on this coin, because with the couple of CPU's that I have I don't think I am going to do well competing with the botnets, I have had that experience before and it was just not worth it.

Very good points.  I tend to like Max because a period I made a great deal of money in is associated with watching a lot of his stuff. 

[Sultanen]

There will be SHA3 ASIC soon..
http://rijndael.ece.vt.edu/sha3/sha3chip.html
Max and his guys were talking about the high entrylevel for Bitcoin and that MaxCoin would differ from that.. It will in the first few weeks but the project above ain't started yesterday..

[naplam]

There will be SHA3 ASIC soon..
http://rijndael.ece.vt.edu/sha3/sha3chip.html
Max and his guys were talking about the high entrylevel for Bitcoin and that MaxCoin would differ from that.. It will in the first few weeks but the project above ain't started yesterday..

It's worse on every aspect. It differs, for the worse. I'm still wondering what they're smoking.