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

[gaston909]

Based on the numbers, when do you think all coins will be mined folks?

anyone?

[1714994227]

1714994227

[1714994227]

1714994227

[DooMAD]

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.

I was being presumtious, I apologize. I didn't think anyone making such ignorant statements could actually hold a job. You are just another leech with no stake in the health of the alt coin network spewing moronic opinions. A truly pathetic individual.

Botnets will own a CPU only coin. No matter what you believe.

Sure, those of us who would like to give mining a try for the first time, who would like to be able contribute, who would like to have a stake in the health of the network, we're the leeches.   And all the GPU farmers who are sad that they can't get an unfair advantage on this coin from the get-go, they're not leeches at all.  Yeah, that makes perfect sense.

Except for the part where you've got it completely backwards.  You can jump in a week or two later, give the rest of us a chance first.

I'll give you the opportunity to be completely honest and transparent here.  Post up your average hash rate on CPU and your average hash rate on GPU on whatever it is you've been mining lately and we'll let people make up their own minds as to what your goal is in this thread.  Assuming you're capable of being honest and transparent, that is.

So leave the coins future in the hands of 'first time miners' (and botnets of course) rather than an established infrastructure of experienced miners who have a clue on how a blockchain works?

The unfair advantage argument is such BS - anyone can buy a card and mine. Trying to villainize those that have taken the financial risk to increase the alt coin hashrate that you use to trade alts is just plain moronic. On the other hand botnets which operate on stolen resources will dominate the supply of a CPU coin which you have no problem with. You will not be mining more coins with a CPU only release, most are just too inexperienced to realize it.

I won't be mining any if it's a GPU launch, so you're wrong there.  And you do have a flair for the dramatic, don't you.  The coin's future won't be solely in the hands of first time miners, because everyone will be able to mine at launch.  CPU users being able to mine doesn't mean that the coin is somehow doomed to fail.  And your botnet argument isn't getting any more convincing, no matter how many times you repeat yourself.

[elixir]

cpu is the fairest option, guess we'll find out soon. 

[elixir]

they had a pool on twitter asking if people wanted a gpuminer at launch, most people voted agains it. 

[GreekBitcoin]

what are the libraries needed for sha-3 on linux?

[Vasserman777]

SETGENERATE TRUE
WORK?

[rebweb]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

[eyecoins]

People who voted CPU-only haven't been around long enough or aren't tech savvy enough to appreciate the power of botnets.

I don't have a GPU farm so I'd love CPU only to be viable and fair for the masses, but unless you have some genius innovation to nullify botnets, its a pipe dream.

All we can do is fire up some cloud servers for a few hours and hope to do battle with the botnets until it becomes unrealistic. That's not particularly fair for anyone with a single CPU home computer though..

LOL try using your brain.

Coin release 7.30.  CPU mined.  Probably a lot of solo miners.  ( no bot nets at this point because it would be at least a few hours before they could even get the network configured ).

2 hours in.

Bot net joins pool.  Solo miners join pool.. everyone mines in pools and making coins.

NOW HOW ABOUT GPU.

7.30 coin release.  GPU miners with huge farms jump on.  No one with under 2-3 gpu's can solo because gpu farms too big.
Everyone join pools.
GPU miners pump ready to dump.

SO.. what looks better here..  To me its cpu mine only but hey if your a massive gpu farmer of course your going to cry wolf because all you are into crypto coins for is a quick pump and dump and boost the bank balance.

LOL a few hours to jump in with a botnet?...more like..2 minutes..

LOL you honestly believe that don't you.  Now explain how someone with a bot net would go about achieving that in a couple of minutes.  Explain the process of getting each infected machine setup to mine the coin.  I want each step because I know you will not be able to explain it as clearly you have no idea.

Unfortunately, it is you who hasn't any idea. Do you think the bot herder has to login to each machine and install software? Of course not. Most botnets have their command and control done over IRC. The bots check in to the C&C channel and the operator can issue commands depending on the complexity of their software. So the op gets the mining program, packages in a configuration file, ".bots install maxcoin", done. Definitely not hours worth of work.

[PJDavis1970]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

LMAO..  yes I know.  Right tell me.  How does the cpu on that controlled computer mine?  

Now as far as I am aware the wallet for this coin will contain the mining code and the wallet will do the mining.  So unless that code is released straight away then the people who run the bot nets will not have access to the code.  Without access to the code how can they run anything to mine on the controlled computer?

For a cpu to mine it has to have something executed on that machine.  Be it via an executable or a script running in something like a browser.  So if the bot net owners only have a wallet and no source code HOW CAN they activate the mining on a controlled cpu   They cant.  So going back to what I said initially.  HOW will the bot nets be active in minutes when as far as I'm aware the code will not be available straight away.

[rebweb]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

LMAO..  yes I know.  Right tell me.  How does the cpu on that controlled computer mine?  

Now as far as I am aware the wallet for this coin will contain the mining code and the wallet will do the mining.  So unless that code is released straight away then the people who run the bot nets will not have access to the code.  Without access to the code how can they run anything to mine on the controlled computer?

For a cpu to mine it has to have something executed on that machine.  Be it via an executable or a script running in something like a browser.  So if the bot net owners only have a wallet and no source code HOW CAN they activate the mining on a controlled cpu   They cant.  So going back to what I said initially.  HOW will the bot nets be active in minutes when as far as I'm aware the code will not be available straight away.

You know a program can run in the background without showing any obvious signs in the GUI right? Either you are trolling or I am wasting my time hammering an iron nail in a rock. In any case, I am done.

[PJDavis1970]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

LMAO..  yes I know.  Right tell me.  How does the cpu on that controlled computer mine?  

Now as far as I am aware the wallet for this coin will contain the mining code and the wallet will do the mining.  So unless that code is released straight away then the people who run the bot nets will not have access to the code.  Without access to the code how can they run anything to mine on the controlled computer?

For a cpu to mine it has to have something executed on that machine.  Be it via an executable or a script running in something like a browser.  So if the bot net owners only have a wallet and no source code HOW CAN they activate the mining on a controlled cpu  They cant.  So going back to what I said initially.  HOW will the bot nets be active in minutes when as far as I'm aware the code will not be available straight away.

You know a program can run in the background without showing any obvious signs in the GUI right? Either you are trolling or I am wasting my time hammering an iron nail in a rock. In any case, I am done.

I am wasting my time with you it seems as clearly you do not have a clue.  You are assuming there is mining software.  If the only mining software is the wallet then no bot net unless you are about to tell me the bot net will transfer the wallet onto the target machine, execute it and then connect to transfer coins to its own wallet LMAO.

Or maybe its a case you didn't read what I said ( from what I read the WALLET has the mining code )  Or maybe you just don't actually understand how computers work.

[PJDavis1970]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

LMAO..  yes I know.  Right tell me.  How does the cpu on that controlled computer mine?  

Now as far as I am aware the wallet for this coin will contain the mining code and the wallet will do the mining.  So unless that code is released straight away then the people who run the bot nets will not have access to the code.  Without access to the code how can they run anything to mine on the controlled computer?

For a cpu to mine it has to have something executed on that machine.  Be it via an executable or a script running in something like a browser.  So if the bot net owners only have a wallet and no source code HOW CAN they activate the mining on a controlled cpu  They cant.  So going back to what I said initially.  HOW will the bot nets be active in minutes when as far as I'm aware the code will not be available straight away.

You know a program can run in the background without showing any obvious signs in the GUI right? Either you are trolling or I am wasting my time hammering an iron nail in a rock. In any case, I am done.

I am wasting my time with you it seems as clearly you do not have a clue.  You are assuming there is mining software.  If the only mining software is the wallet then no bot net unless you are about to tell me the bot net will transfer the wallet onto the target machine, execute it and then connect to transfer coins to its own wallet LMAO.

Anyway I have software to write and don't have the time to teach muppets the obvious.

There will be mining software separate from the wallet available at launch. Already confirmed by the devs.

Where was it confirmed?  Iv been following their twitter and the only thing I have seen ( apart from indicating the miner will be in the wallet ) is when they asked if someone could do a gpu miner before wednesday.

[PJDavis1970]

Ok Well I had not seen that post.

This line though

"These should also be ready for launch and for use with pools"  Does indicate a separate miner but if this does not get released on Wednesday at 7.30 then my comments still stand.  However if they do release this then yes Bot Nets will just be able to use it.

Lets hope they don't release the miner for a while then that will hold back the Bot Nets  ( AS I POINTED OUT )

[sidhujag]

2 hours in.

Bot net joins pool.

 

We aren't talking about creating a new network of zombie machines here, we are talking about people who can rent an existing botnet/use one they operate themselves.

Depending on the individual download speed of each machine, we're looking at a matter of minutes before that machine is mining away.

So how are they going to get the bots mining?  Where will they get the code to mine from?  You are assuming the devs release the code immediately on git.  If they don't do you honestly think they can reverse engineer the code from an exe that quick?

Is this guy trolling us? Another CPU only supporter, I assume.

I have plenty of gpu's but I like the idea of this coin being cpu only.  Anyway waiting for the answer to my question.  Maxcoin uses a modded sha-3 algorithm so waiting for you to tell me how the bot controllers are going to get hold of the code so quickly and get on their networks in minutes.

You really don't know how botnets work do you? Imagine an IRC channel, with hundreds of zombies listening for your trigger command to execute. It will take the botnet as long as it takes a solo miner to start mining away.

LMAO..  yes I know.  Right tell me.  How does the cpu on that controlled computer mine?  

Now as far as I am aware the wallet for this coin will contain the mining code and the wallet will do the mining.  So unless that code is released straight away then the people who run the bot nets will not have access to the code.  Without access to the code how can they run anything to mine on the controlled computer?

For a cpu to mine it has to have something executed on that machine.  Be it via an executable or a script running in something like a browser.  So if the bot net owners only have a wallet and no source code HOW CAN they activate the mining on a controlled cpu  They cant.  So going back to what I said initially.  HOW will the bot nets be active in minutes when as far as I'm aware the code will not be available straight away.

You know a program can run in the background without showing any obvious signs in the GUI right? Either you are trolling or I am wasting my time hammering an iron nail in a rock. In any case, I am done.

Until a seperate getwork miner is released bot nets will not be an issue period. Thus at first the distribution of coins shall be fair because it is a level playing field with the lowest common denominator (CPU).

If they release a pool before the release and they issue a seperate miner (not even GPU maybe), then I'll be far away from mining this and probably buying maxcoin as possible.

[zaigon]

when the coin will be listed? in coins-e? i see before that they say will be on the 5th now that dissapear? what will happen? when will go to? coins-e?

[krneki]

I am happy that this will be cpu only so that person who bought computer graphic cards for speculations(instead of gaming) will not get advantage of it.

I would rather see botnets making money of it than some speculator with mining rig.

Heil to Max!!

[colinfx]

I am happy that this will be cpu only so that person who bought computer graphic cards for speculations(instead of gaming) will not get advantage of it.

I would rather see botnets making money of it than some speculator with mining rig.

Heil to Max!!

I suspect some people will have gpu mining capability within an hour of launch. For the rest of us it's CPU only

[Vasserman777]

please tell me will work setgenerate true?

[colinfx]

please tell me will work setgenerate true?

Probably - but until the wallet is released you cannot be 100% sure.

[kickingcoin]

gotta say guys for someone who has never successfully mined and only has a cpu im getting quite excited about this and hopefully can get my hands on a good few mined coins for the first time!