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

[PJDavis1970]

A Basic example for you.  Think of a rng generator.  It has to pick a number from 0-99 and needs to pic the number 0.  Think of that as the way a block is generated ( OK I KNOW ITS NOT BEFORE PEOPLE SLAM IT…its an example.  )

Now think about 2 cpu's running a loop

int result = 100;
while( result > 0 )
    result = random(100);

That loop will continue until result = 0;  Not going to calculate exact clock cycles of that loop or how fast either cpu could execute it but lets say hypothetically that the 4.3 ghz cpu could loop it 4.3 times faster than the 1ghz cpu.  It means it has 4.3 times the chance of hitting 0 before the 1ghz.  Ok randomness gives both cpu's a chance but the 4.3 ghz has more of a chance.

So this is basically my lottery example and you are agreeing with me.  

Now consider 2 1ghz cpu;s running that loop.  They are both running it at same speed but the odd's of them hitting it before the 4.3 is only slightly more.  They are still running at 1ghz though.  They are not running twice as fast because there are 2 of them they are both running at the slower speed.

What?

Some time ago I had to write a test harness to test some data and speeds.  I suggest you do the same.  create a little app.  Create 6 threads.  Run 1 thread 4.3 times the speed of the other 5.  Write a number generator that uses at least 1000 clock cycles ( a sha-3 algorithm will probably use more than that ).  Run it for an hour and log how many times each threads come to the correct result.

We could discuss this for hours but until you actually see the figures there is no point discussing it any more.

If you do it then come back and show me your results

It is a lottery in a way and Chaos predicts anything could happen  but when it comes down to practise the numbers speak for themselves.

How do you make a thread 4.3 times faster than others? I might try that experiment.

There is no exact way to do it but the way I would do it to get roughly an emulation is to thread.sleep( 100 ) on fast thread and thread.sleep( 430 ) on others.  Like I say this is not that close but it is close enough.

Also remember that when one of the threads finds the result then Restart all threads as this is roughly what you need to emulate for when a block is found.

Also use a mutex to make sure if one thread finds the result then the other threads cannot jump in quickly before the restart.

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[ScroogeD]

MaxCoin ‏@maxcoinproject

Okay. Let's take a vote. http://www.easypolls.net/poll.html?p=52f02bf8e4b0aa0bc59f064e

Of course more people will vote for CPU as they don't have any GPUs or aren't aware of the botfarms.
Still 39% voted for the GPU at the launch. That should make you think.

[3rac3]

Seriously keep out GPU mining, huge GPU farms are ready to mine this coin, it's not fair at all.

Can you imagine all the dogecoin crowd switching to maxcoin?! I am really not sure what it more f***d up: botnet or gpu farm.

I voted CPU only here: http://www.easypolls.net/poll.html?p=52f02bf8e4b0aa0bc59f064e

[6strings]

gpu miner = bad idea.
cpu only  = good idea

[limbaugh]

gpu miner = bad idea.
cpu only  = good idea

gpu miner = secure network
cpu only = botnet control

Seriously, the CPU supporters are either quite ignorant or botnet ops.

[boestin]

I second that.. GPU is far more safe

[baritus]

There are already multiple SHA-3 GPU miners for the Sha-3 currencies that were released.

They don't have any choice of CPU only(unless they somehow modify the algorithm).

[MisO69]

Came back here to see whats going on. So whats this about GPU poll? lol.

Any coin that can be mined on a CPU can be mined on a GPU, well maybe the exception is primecoin and its clones. Its just not worth it to make one for most CPU coins, but this coin. Well, I see this one taking off since Max is pumping it. So expect a GPU miner to appear within a week or so. The best thing for this coin is to have that GPU miner open source and freely distributed.

[weedoge]

I highly suggest mining with Digitalocean, for those who have no other choice!

Gl;hf everyone!

[rednalexa]

Make for GPU aswell, far more safe!

[Hix]

gpu miner = bad idea.
cpu only  = good idea

+100
CPU ONLY first month

[3rac3]

gpu miner = bad idea.
cpu only  = good idea

+100
CPU ONLY first month

There is no way to stop GPU later on so I agree CPU only in the beginning should be just fine. Just like it was with btc in the beginning.

[Colin Miner]

Anyone else see this in maxcoin twitter

MaxCoin ‏@maxcoinproject  12h
Are there any cgminer guru's willing to lend a hand? We're trying to get a GPU miner built for Wednesday's launch

Yes, they are leaving it a little bit late?

Maybe they should give ckolivas a call with the offer of a few BTC

[limbaugh]

gpu miner = bad idea.
cpu only  = good idea

+100
CPU ONLY first month

There is no way to stop GPU later on so I agree CPU only in the beginning should be just fine. Just like it was with btc in the beginning.

OK, so leave it to botnets to dominate the supply, dump, then terrorize the network and manipulate the price. Brilliant!

[DooMAD]

gpu miner = bad idea.
cpu only  = good idea

gpu miner = secure network
cpu only = botnet control

Seriously, the CPU supporters are either quite ignorant or botnet ops.

GPU Miner = GPU farm control.
CPU Only = a fair chance for everyone.

Seriously, the GPU supporters know they're only saying it's unsafe because they want the advantage at launch to get more coins.  Botnets can still mine it either way.  If you want to lose half of your potential miners because they can't compete with GPU miners, that's going to put more power into the hands of a minority.

[gnoll110]

Go with what ever is ready on the 5th.

Get the GPU kinks ironed out asap. CPU & GPU are both fine, as they're generic multi-use hardware. ASIC hardware, not being readily available off the shelf, should be delayed as long as possible. 

[limbaugh]

gpu miner = bad idea.
cpu only  = good idea

gpu miner = secure network
cpu only = botnet control

Seriously, the CPU supporters are either quite ignorant or botnet ops.

GPU Miner = GPU farm control.
CPU Only = a fair chance for everyone.

Seriously, the GPU supporters know they're only saying it's unsafe because they want the advantage at launch to get more coins.  Botnets can still mine it either way.  If you want to lose half of your potential miners because they can't compete with GPU miners, that's going to put more power into the hands of a minority.

And you think your laptop can compete with botnet? Get a job, buy a card, and contribute to the alt coin hash rate rather than cry about it. Grow up kiddo.

[DooMAD]

gpu miner = bad idea.
cpu only  = good idea

gpu miner = secure network
cpu only = botnet control

Seriously, the CPU supporters are either quite ignorant or botnet ops.

GPU Miner = GPU farm control.
CPU Only = a fair chance for everyone.

Seriously, the GPU supporters know they're only saying it's unsafe because they want the advantage at launch to get more coins.  Botnets can still mine it either way.  If you want to lose half of your potential miners because they can't compete with GPU miners, that's going to put more power into the hands of a minority.

And you think your laptop can compete with botnet? Get a job, buy a card, and contribute to the alt coin hash rate rather than cry about it. Grow up kiddo.

I've got a job you presumptuous asshat.  And I'll be more than happy to contribute to the hashrate if it's a CPU-only launch.  More miners can get involved with a CPU-only launch, including everyone who normally mines with GPUs.  I'll say it again just in case it didn't sink in the first time.  If this is GPU at launch, half of the potential miners will walk away.  Try being less greedy and leave something for normal people to mine.  It's pretty clear what your motive is here.

[PJDavis1970]

gpu miner = bad idea.
cpu only  = good idea

gpu miner = secure network
cpu only = botnet control

Seriously, the CPU supporters are either quite ignorant or botnet ops.

GPU Miner = GPU farm control.
CPU Only = a fair chance for everyone.

Seriously, the GPU supporters know they're only saying it's unsafe because they want the advantage at launch to get more coins.  Botnets can still mine it either way.  If you want to lose half of your potential miners because they can't compete with GPU miners, that's going to put more power into the hands of a minority.

And you think your laptop can compete with botnet? Get a job, buy a card, and contribute to the alt coin hash rate rather than cry about it. Grow up kiddo.

Take it this guy has a massive GPU farm.  This coin is CPU.  Looks like you will only get what the rest of us gets so stop crying about it.  Grow up kiddo.

[ra1stlin]

CPU supporters will stop mining that 4 hours after launch because it wont make any sense with single CPU .
Farms will continue....Do the math