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Author Topic: [ANN][XMY] Myriad | 0.14.2.4 | Multi-Algo, Fair, Secure  (Read 810297 times)
MyriadAngel
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April 10, 2016, 10:23:09 PM
 #7241

Thanks dream_miner
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myriadcoin
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April 11, 2016, 01:16:44 AM
 #7242

For a few months now, at least, there's been discussion of swapping out Qubit for a CPU algo such as Argon2 or the one described here. Why? Few people mine Qubit. Besides, it's always been a criticism of MYR that it isn't truly an ASIC, GPU, & CPU coin... So here's my thoughts on it:

Pros of switching

  • Including a CPU algorithm would have an immediately positive effect on Myriad's blockchain security. Presently 60% of the blocks up for grabs are best mined with basically the same few GPU models. To me it doesn't sound like we really live up to our slogan of being 'a coin for everyone'. Introducing a CPU algorithm will make it harder for an attacker to find the most blocks, as they will either need some CPUs in their mining operation, or they will need to have much closer to a monopoly over GPUs and either of the ASIC types.
    For illustration, imagine a wannabe attacker has 50% of the GPU power, and 20% of each ASIC type. That would presently be 38% of the overall hash power, but with the introduction of a CPU algorithm in place of Qubit, the attacker's share will be reduced to 28%. The attacker could maintain their original share of the hash power only if they happen to have hardware to control the majority of the CPU power as well. In fact, the disadvantage to the attacker will be greater than this. When Qubit is dropped, its more competitive miners will migrate to Groestl/Skein rather than quitting the network. Since Myriad blocks can now be found by CPU miners as well, an influx of new miners will increase the overall hash power and in turn decrease the attacker's share.
  • Switching to a CPU algorithm will significantly lengthen the CPU/GPU mining phase, so that Myriad can remain 'a coin for everyone' for as long as reasonably possible. While Groestl and Skein will eventually see hardware developments, it will likely be a long way off for the CPU algorithm.

Cons

  • Anyone who thought about designing ASICs to mine Myriad might think twice if Myriad swaps algorithms. Why would they risk the investment if they could have it all go to nothing at the whim of the Myriad community? This is a bad thing. The ASIC makers are the top investors in mining who paid their costs up front- excluding them is only going to slow the growth of the network, not turn the coin into a "GPU haven". Even GPU miners are not interested in mining coins that won't go anywhere, right?
  • Eventually, custom hardware for mining the CPU algorithm could come to exist. The efficiency advantage over consumer PC hardware would be small, but enough that, with a large initial investment, the hardware maker could make a profit. This profit could be used to grow their operation and slowly push out the home miners. Because of the large initial investment required, there is less chance of competition, which could lead to eventual monopolisation of the formerly CPU algo.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
amarian12
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April 11, 2016, 11:37:52 AM
 #7243

Just update our pools:



http://p2pool.e-pool.net:8878/


Also we upgrade our Block Chain Viewer:

http://e-pool.net/explorer/MYR/


https://www.e-pool.net - Start mining multiple coins today! No registration required.
https://www.nlexch.com - The Opensource Cryptocurrency Exchange
myriadcoin
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April 11, 2016, 12:39:14 PM
 #7244

It's official... Verge is now multi-algo.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
novag
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April 11, 2016, 01:19:51 PM
 #7245

It's official... Verge is now multi-algo.


Explain please .

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myriadcoin
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April 11, 2016, 01:36:20 PM
 #7246

It's official... Verge is now multi-algo.

Explain please .

This coin just hard-forked to multi-algo:
https://bitcointalk.org/index.php?topic=1365894.0

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
MyriadAngel
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April 13, 2016, 04:45:27 AM
 #7247

In Myriad news today....

Bulgarian translation on the website
French ANN https://bitcointalk.org/index.php?topic=1434773.0
Russian ANN https://bitcointalk.org/index.php?topic=1435496.0

And... MYR is now on coinpayments!! Expect an official announcement on their twitter soon https://twitter.com/CoinPaymentsNET

Click for a list of MYR stores: https://www.coinpayments.net/store-directory-coin--1-MYR#list
nzsquirrell
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April 13, 2016, 09:25:50 AM
 #7248

If someone with a Mac could please give this a good test - http://myriad.nutty.one/files/Myriad-0.11.2.0-OSX-10.11.dmg

Any & all feedback welcomed.
myriadcoin
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April 13, 2016, 12:33:47 PM
 #7249

Hi guys,

I thought I would use my GIMP skills to help market this coin. You may use this image anywhere you like to promote MYR. Community members can pitch in by printing posters and sticking them up around their local town. Heck, maybe we could even start a community bounty to turn this into a billboard at an international airport!


Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
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April 14, 2016, 02:36:12 AM
 #7250

PexPeppers now offering 20% of on orders made with MYR. Check the site out here:
https://www.pexpeppers.com/

Pic of order I received today after paying with MYR on reddit thread here:
https://www.reddit.com/r/myriadcoin/comments/4ep43s/pexpeppers_now_offering_20_on_everything_for/
novag
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April 14, 2016, 08:02:54 PM
 #7251

Some thread video about Myriad! Roll Eyes

https://youtu.be/VSX5ZunPTOQ

Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank.
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brianoakes
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April 14, 2016, 08:50:42 PM
 #7252

Excuse the newbie question but why hasn't this coin really ever taken off? I have been watching it for a while, and frankly to me it seems to be pretty universal and fair for miners. I'm definitely a fan of Myriad. The fact that it supports multiple types of mining hardware is a great alternative when BTC halves this summer. Thoughts?
MyriadAngel
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April 15, 2016, 01:05:44 AM
 #7253

Excuse the newbie question but why hasn't this coin really ever taken off? I have been watching it for a while, and frankly to me it seems to be pretty universal and fair for miners. I'm definitely a fan of Myriad. The fact that it supports multiple types of mining hardware is a great alternative when BTC halves this summer. Thoughts?

It would be easy for me to blame the market and say that only hype/PnD coins get ahead. This is usually true, but it doesn't help us. MYR has a marketing problem. There's been steps taking over the past few months to correct this, but we have a long way to go. As far as I know we're all amateurs here, no professional marketing gurus. As a community, we need to put our thinking caps on and figure out the best way to get the word out there.

The film competition is still running, and looking like we will have some fantastic entries. See details here https://redd.it/4bw9cy

The website is improving everyday. We're just putting the finishing touches on a German translation.

I also have a couple of other plans: a viral (so I hope, but I do have some experience in that matter) marketing campaign should go live in the next couple of weeks. That's all I will say about that for now.

I'd also like to get a Wiki started up to give more information about MYR and make it easier to understand and more appealing to a wider audience. This should happen in the next few weeks.

These are just things I personally am working on, as I hate to sit on my coins for so long, knowing, just knowing they deserve to be worth so much more... And yet their value has not changed in over 1 year. So now I'm doing something about it.
benjamoyne
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April 15, 2016, 01:49:11 AM
 #7254

Hi guys,

I thought I would use my GIMP skills to help market this coin. You may use this image anywhere you like to promote MYR. Community members can pitch in by printing posters and sticking them up around their local town. Heck, maybe we could even start a community bounty to turn this into a billboard at an international airport!



Looks like 5 different guys sperm heading towards the same egg.

 
myriadcoin
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April 15, 2016, 02:14:05 AM
 #7255


Looks like 5 different guys sperm heading towards the same egg.
 

Yeah, it's your mom's egg. LOL Cheesy

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
nigttran
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April 15, 2016, 02:44:09 AM
 #7256


Opp. when the hard fork resolved?
myriadcoin
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April 15, 2016, 03:00:50 AM
 #7257


Verge forked to multi-algo 4 days ago. It seems to be working. MYR is multi-algo since birth (23/02/2014).

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
MyriadAngel
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April 15, 2016, 10:45:56 PM
 #7258

Website German translation is now live, with at least two more translations underway.
Cryptorials
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April 18, 2016, 12:49:33 PM
 #7259

Just published an article on the most decentralized cryptocurrencies which mentions Myriad http://cryptorials.io/decentralized-digital-currency/

MyriadAngel
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April 18, 2016, 01:08:56 PM
 #7260

Just published an article on the most decentralized cryptocurrencies which mentions Myriad http://cryptorials.io/decentralized-digital-currency/

I have to say, that is a fantastic article. Thank you.
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