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

[sang]

Please do CPU only at start to keep things fair. I have a feeling a GPU miner will be special code so it will be difficult to tune correctly at the start.

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[limbaugh]

Please do CPU only at start to keep things fair. I have a feeling a GPU miner will be special code so it will be difficult to tune correctly at the start.

Right, let's exclude those who have the ability to make the network more secure and leave it to the botnets and random ignorant noobs.     

[sidhujag]

I think we have more than enough "noobs" to make the network secure.

[r0ach]

I have 4 CPUs and won't even bother mining this coin if it's CPU only because I'll make like $1 worth a day.  If you have only 1 CPU, don't even think about it.  You'd make more profit picking up pennies on the road.  CPU coins are completely invalid due to botnets.

[monocolor]

how this is max'ed?

[dailyarsenal]

Sounds good. Cant wait

[limbaugh]

I think we have more than enough "noobs" to make the network secure.

Why you want to enrich criminals is beyond me. Botnets will rape this coin without GPU support.

[AtlantisPlatform]

sha = doa

[cisengineer]

Please do CPU only at start to keep things fair. I have a feeling a GPU miner will be special code so it will be difficult to tune correctly at the start.

Right, let's exclude those who have the ability to make the network more secure and leave it to the botnets and random ignorant noobs.      

I've never said it before, and I'll never say it again, but: "I agree with Limbaugh"

[dspair]

Good luck competing with botnets. Releasing a CPU-only crypto is a joke these days.

[fran2k]

Funny how Max is a critic of unlimited supply of fiat currencies but yet support unlimited supply of cryptos..

Ahaha. +1

I will mine this and dump in 24h.

[Bigeyeone]

Any News on the GPU miner ? the dev offered a bounty for a GPU miner in the OP, anyone made one already ?

without a GPU miner this will be botnet coin, it will be my 5 CPU's  against a 100.000 CPU botnet. ( the largest botnet in 2013 zeroaccess had 1.9 million CPU's)  no thank you

[UNOE]

Its hard to believe those numbers about it using 200 times more USD electricity than it earns.  I'm guessing is more like 20 to 50 times.

[Bigeyeone]

Its hard to believe those numbers about it using 200 times more USD electricity than it earns.  I'm guessing is more like 20 to 50 times.

Most likely they were not mining bitcoins anymore, but other alt-coins, so earnings would be much higher

[_ingsoc]

A word of advice to the organisers of this project. I know it's not easy to keep everyone happy, but you can't allow a fear to regulate last minute decisions. You've made your decisions in good faith and reason, and you've communicated those outcomes to your audience, now you need to stick to your guns, come hell or high water.

There is no real substantial evidence that the fears of botnet mining are real. In fact, in the past, botnet operators have been honest about mining. Botnet operators have as much place in the cryptocurrency community as anyone, because they, just like anyone else who mines do the network a service by securing it. The network does not discriminate in this way, and neither should it. Any botnet operator will participate in the cryptocurrency economy if it is worthwhile.

The fact of the matter is this: CPU mining is the only true decentralised way we know of to distribute a coin as fairly as possible because anyone with a CPU can mine, and almost everyone has access to a CPU, whereas not everyone has access to a GPU. Don't screw the people who supported you up to this point and then end up locking them out of participating because of botnet fears (you'll just trade the fear of CPU centralisation for the reality of GPU centralisation). Where have we seen that kind of logic before?

Just my 2¢. No hate required.

[podyx]

how much money would i be able to earn by just mining this with cpu??

i think it might be better to just buy them straight away

[illodin]

Launch with a wallet without API, but that has the ability to connect to a pool, no dedicated miner, pools allow max 1 connections per account => no botnets, huge cpu farms will be slow to set up, fair launch.

But that would require too much effort from the dev team. Maybe some coin, some day will do that?

[Joerii]

<snip> The network does not discriminate in this way, and neither should it. Any botnet operator will participate in the cryptocurrency economy if it is worthwhile.<snip>

Actually, a botnet uses stolen hashpower and can't be competed with. They can mine at a huge loss because they don't have to pay for electricity anyway, all they have to pay for is the rent of the botfarm ( yeah, they are for rent )

Another problem with CPU only mining is people who abuse cloudhosting. Most hosters now have it in their terms of service that you can't mine crypto on them, because their systems are simply not build for it. They can't handle the load. But people do it anyway, until they are caught.

Two big reasons not to go for CPU only. No good reasons to NOT go for GPU's in my opinion. I mean ; most people have at least one GPU, right ?

[Joerii]

how much money would i be able to earn by just mining this with cpu??

i think it might be better to just buy them straight away

If it ends up being a CPU only coin, then yeah buying is definitly better

[0815pseudonym]

how much money would i be able to earn by just mining this with cpu??

i think it might be better to just buy them straight away

None. This Coin is a Copperlark-clone so the Copperlark-guys allready have 245 Ph/s Keccak hashingpower. The dicusion is pretty stupid here. Anyone with a big enough GPU-rig can solo-mine  this coin. All you shreekers complaining about this coin being "raped by botnets" are funny. Thats the whole point of Proof of work.
Maxcoinproject cant ban GPUs from mining this coin they just can prevent small GPU-miners from participating. The large Keccak-GPU-Pools will outperform any botnet.