[ANN][XMY] Myriad | Multi-Algo, Fair, Secure

[Wiseman]

Guys, i've made a translation of the first post in this topic to russian, but can't post it in local theme getting message "You already submitted this post! You might have accidently double clicked, or tried to refresh." But actually i've not double-clicked and post is not submitted. Can somebody help me?

[ivanlabrie]

asic algo:sha256d, scrypt
nVidia algo: groestl --> https://bitcointalk.org/index.php?topic=167229.10820 780ti gets 2x the hashrate of r9 290

skein and qubit?? Does one of them favor amd gpus?

Skein.

[xfelinho]

I'm trying Qubit atm, cause power consumption is lower than Skein.

[gpuminer]

I'm trying Qubit atm, cause power consumption is lower than Skein.

but u get more coins with skein if u are using R9 200 series.

[xfelinho]

electricity is expensive, i pay 0,24€/kWh so its not only about coins and groestl/qubit have 100Watt lower power usage

[casacup]

Guide for mining translated in italian here:
https://bitcointalk.org/index.php?topic=565290.msg6174980#msg6174980

[casacup]

So, I wrote this last night. Let me know if there are any errors. I was intending to inspire. Maybe we can use some version of this to help promote MYR.


Satoshi originally envisioned a decentralized global cryptocurrency landscape with Bitcoin, defined in part by instantaneous, international p2p transactions free from any 3rd party oversight, the open source development of the Bitcoin network, and a blockchain that can be kept secure by anyone in the world with a CPU (or GPU) with a built-in reward mechanism for participation and compensation for the cost of electricity.

What we are beginning to see is a deviation from the third point about decentralized mining--a major deviation. The industrialization of Bitcoin mining is squeezing out the little guy from participating in the Bitcoin network. Consequentially, this makes it likely that the impoverished countries and underbanked people that need Bitcoin the MOST will be the LAST to directly benefit from it. This seems all backwards, and despite the mining industry's attempt to convince us otherwise, we are at a crossroads with what the future of Bitcoin (and altcoin) mining should entail. Do we ramp up industrialization of ASICs to better secure the network at the cost of increasingly excluding the rest of the world from participating? Can the industrialization of ASICs really make them cheap enough to put in the hands of every man, woman, and child in the world? If so, how long will that take? Or is there a solution elsewhere in CryptoLand that can positively correlate enhanced security with inclusiveness?

Looking to CryptoLand, we find a an innovative yet fragmented environment marred mainly by exclusionary attributes. Putting clone/copy/spamcoins aside (no explanation needed), a pattern we see emerging with new altcoins is a push to create PoW algorithms designed to "be ASIC free." At first glance, this seems to be healthy advancement for CrytoLand as innovation is always a breath of fresh air. But upon further inspection I believe they might be just as unhealthy for CryptoLand than the clone/copy/spamcoins, but in a less obvious way. These new PoWs, while innovative and resourceful of cryptography research, unintentionally fragment the mining community with their game of ASIC "Keep Away". Each new PoW cryptocurrency is inherently excluding itself from the rest, creating a new "island" of miners in CryptoLand that have fled from the mainland. Naturally, they begin distinguishing themselves from the rest of the SHA256 and Scrypt miners both socially and technologically, perhaps even subconsciously pitting themselves against those on the mainland. While not the end of the world in an environment that is pushing the frontier, the fragmentation is enhanced as clone/copy/spamcoins immediately pop up on these islands using the same PoW under a different brand and attract more miners from the mainland with it. Furthermore, each altcoin with a new PoW naturally grows larger as development aims to attract and retain more miners for its network security and value. CryptoLand becomes characterized more by fragmentation and less by decentralization as time goes on. It's hard imagine how a solution for inclusiveness could be found in this type of environment, but alas; one was born recently in the form of a modular, multi-PoW blockchain called MyriadCoin.

With the birth of Myriadcoin, multi-PoWs solve:

• The centralization of ASICs
• The fragmentation of altcoin miners
• The game of "Keep Away" from ASICs

Mult-PoW cryptocurrencies will act as the bridge-builders between these island and the mainland, instantly transforming fragmentation into decentralization. Miners can coexist with ASICs in an inclusive blockchain that rewards miners of each PoW fairly. SHA256 ASICs cannot squeeze the GPU miners out from the network because SHA256 ASICs compete among each other, not among the others for 1/5 of the block rewards in Myriad. As a sanctuary from ASICs, GPU miners can choose between 4 other PoWs (Scrypt, Skein, Groestl, or Qubit) that each receive 1/5 of the newly minted coins, respectively. If Scrypt ASICs come on the scene, GPU miners can still choose from Skein, Groestl, or Qubit. If ASICs come on the scene for Skein, Groestl, and Qubit, the Myriad developers can switch out one of the algos for a new, non-ASICed PoW. The game is no longer "Keep Away." The game is "All Aboard."

Looking ahead, we know impoverished countries still don't have the luxury of GPU rigs to participate in any cryptocurrency network (let alone Bitcoin). Until a PoW system comes out that is as inclusive as possible (e.g. "human mining"; anyone with a cell phone can mine), we are still left with imperfect solutions that keep 1st world countries alienated from 2nd- and 3rd-world countries. But imagine, even if a PoW system like the one just mentioned is invented it, it would be the largest fragmentation to date since the mining industry at large won't suddenly cease operations. This PoW system would operate outside the bounds of Bitcoin, Litecoin, and all the other "mono-blockchains" that are inherently exclusive. But Myriad, with its modular, inclusive multi-PoW blockchain, can build a bridge to all the human miners by swapping in their groundbreaking PoW and instantly have the entire world securing the same global blockchain with fair rewards and equal distribution.

Multi-PoWs are the next step in converting an Exclusive, Fragmented CryptoLand into an Inclusive, Decentralization CryptoUtopia.

translated in italian here:

https://bitcointalk.org/index.php?topic=565290.msg6175915#msg6175915

[neuroMode]

So, I wrote this last night. Let me know if there are any errors. I was intending to inspire. Maybe we can use some version of this to help promote MYR.


Satoshi originally envisioned a decentralized global cryptocurrency landscape with Bitcoin, defined in part by instantaneous, international p2p transactions free from any 3rd party oversight, the open source development of the Bitcoin network, and a blockchain that can be kept secure by anyone in the world with a CPU (or GPU) with a built-in reward mechanism for participation and compensation for the cost of electricity.

What we are beginning to see is a deviation from the third point about decentralized mining--a major deviation. The industrialization of Bitcoin mining is squeezing out the little guy from participating in the Bitcoin network. Consequentially, this makes it likely that the impoverished countries and underbanked people that need Bitcoin the MOST will be the LAST to directly benefit from it. This seems all backwards, and despite the mining industry's attempt to convince us otherwise, we are at a crossroads with what the future of Bitcoin (and altcoin) mining should entail. Do we ramp up industrialization of ASICs to better secure the network at the cost of increasingly excluding the rest of the world from participating? Can the industrialization of ASICs really make them cheap enough to put in the hands of every man, woman, and child in the world? If so, how long will that take? Or is there a solution elsewhere in CryptoLand that can positively correlate enhanced security with inclusiveness?

Looking to CryptoLand, we find a an innovative yet fragmented environment marred mainly by exclusionary attributes. Putting clone/copy/spamcoins aside (no explanation needed), a pattern we see emerging with new altcoins is a push to create PoW algorithms designed to "be ASIC free." At first glance, this seems to be healthy advancement for CrytoLand as innovation is always a breath of fresh air. But upon further inspection I believe they might be just as unhealthy for CryptoLand than the clone/copy/spamcoins, but in a less obvious way. These new PoWs, while innovative and resourceful of cryptography research, unintentionally fragment the mining community with their game of ASIC "Keep Away". Each new PoW cryptocurrency is inherently excluding itself from the rest, creating a new "island" of miners in CryptoLand that have fled from the mainland. Naturally, they begin distinguishing themselves from the rest of the SHA256 and Scrypt miners both socially and technologically, perhaps even subconsciously pitting themselves against those on the mainland. While not the end of the world in an environment that is pushing the frontier, the fragmentation is enhanced as clone/copy/spamcoins immediately pop up on these islands using the same PoW under a different brand and attract more miners from the mainland with it. Furthermore, each altcoin with a new PoW naturally grows larger as development aims to attract and retain more miners for its network security and value. CryptoLand becomes characterized more by fragmentation and less by decentralization as time goes on. It's hard imagine how a solution for inclusiveness could be found in this type of environment, but alas; one was born recently in the form of a modular, multi-PoW blockchain called MyriadCoin.

With the birth of Myriadcoin, multi-PoWs solve:

• The centralization of ASICs
• The fragmentation of altcoin miners
• The game of "Keep Away" from ASICs

Mult-PoW cryptocurrencies will act as the bridge-builders between these island and the mainland, instantly transforming fragmentation into decentralization. Miners can coexist with ASICs in an inclusive blockchain that rewards miners of each PoW fairly. SHA256 ASICs cannot squeeze the GPU miners out from the network because SHA256 ASICs compete among each other, not among the others for 1/5 of the block rewards in Myriad. As a sanctuary from ASICs, GPU miners can choose between 4 other PoWs (Scrypt, Skein, Groestl, or Qubit) that each receive 1/5 of the newly minted coins, respectively. If Scrypt ASICs come on the scene, GPU miners can still choose from Skein, Groestl, or Qubit. If ASICs come on the scene for Skein, Groestl, and Qubit, the Myriad developers can switch out one of the algos for a new, non-ASICed PoW. The game is no longer "Keep Away." The game is "All Aboard."

Looking ahead, we know impoverished countries still don't have the luxury of GPU rigs to participate in any cryptocurrency network (let alone Bitcoin). Until a PoW system comes out that is as inclusive as possible (e.g. "human mining"; anyone with a cell phone can mine), we are still left with imperfect solutions that keep 1st world countries alienated from 2nd- and 3rd-world countries. But imagine, even if a PoW system like the one just mentioned is invented it, it would be the largest fragmentation to date since the mining industry at large won't suddenly cease operations. This PoW system would operate outside the bounds of Bitcoin, Litecoin, and all the other "mono-blockchains" that are inherently exclusive. But Myriad, with its modular, inclusive multi-PoW blockchain, can build a bridge to all the human miners by swapping in their groundbreaking PoW and instantly have the entire world securing the same global blockchain with fair rewards and equal distribution.

Multi-PoWs are the next step in converting an Exclusive, Fragmented CryptoLand into an Inclusive, Decentralization CryptoUtopia.

translated in italian here:

https://bitcointalk.org/index.php?topic=565290.msg6175915#msg6175915

Thanks!

[neuroMode]

MyriadCoin's unprecedented Multi-PoW blockchain is worthless if we cannot socially innovate a solution for mass adoption with it.

This is why Brazil is happening.

[av123]

MyriadCoin's unprecedented Multi-PoW blockchain is worthless if we cannot socially innovate a solution for mass adoption with it.

This is why Brazil is happening.

This is a good point. Too many alt coins have nowhere to be used/spent apart from mining and speculating.

[dbt1033]

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[neuroMode]

MyriadCoin's unprecedented Multi-PoW blockchain is worthless if we cannot socially innovate a solution for mass adoption with it.

This is why Brazil is happening.

This is a good point. Too many alt coins have nowhere to be used/spent apart from mining and speculating.

The multi-PoW blockchain is the best solution (so far) to guarantee relevancy to the small guys (and therefore the impoverished) for the longest amount of time, if not ever.

Imagine 5 years from now when someone invents a PoW that can be performed on a cell phone (for example). We can plug that PoW right into Myriad and have every human mining on their cell phone on the same network as large industrialized ASIC farms.

If that doesn't make you all giddy I don't know what will.

[YoyodyneSystems]

Just a little thought but if MYR reduced it's reward structure like most of the other alts it's value would greatly increase.

Reward halvings.

This would rapidly lead to more trading and interest in your coin. Just like it has with every other successful coin that has
done this. I know the community here wants to believe that mining innovation will bring this coin to the world but
the hard reality is that is not the case at all.

But it's increased value would. Protect and increase it's value and they will beat a path to your door.

[dazz]

I'm really digging the discussion here guys (about security paper and PR/media).
Let's keep these a priority.  

We also have another bounty to announce:

GUI Miner - Easy Algo Switcher MKRadnUiH2yAxJ8nwKGk95SjtxpA4YZn4X
Code a GUI-Miner that allows the user to easily switch between Scrypt, Skein, Groestl, or Qubit "with the click of a button". Even better, include an "auto-switching" mode that passively switches algorithms based on which is most profitable according to http://myriad.theblockexplorer.com/

I have a powershell scrypt that I use. Not sure it caters to the casual user though. here's a screenshot

https://www.dropbox.com/s/6xmmj0476j04znj/MyriadSwitcher.png

...should've done it python. oh well

[foodies123]

I'm really digging the discussion here guys (about security paper and PR/media).
Let's keep these a priority.  

We also have another bounty to announce:

GUI Miner - Easy Algo Switcher MKRadnUiH2yAxJ8nwKGk95SjtxpA4YZn4X
Code a GUI-Miner that allows the user to easily switch between Scrypt, Skein, Groestl, or Qubit "with the click of a button". Even better, include an "auto-switching" mode that passively switches algorithms based on which is most profitable according to http://myriad.theblockexplorer.com/

I have a powershell scrypt that I use. Not sure it caters to the casual user though. here's a screenshot

https://www.dropbox.com/s/6xmmj0476j04znj/MyriadSwitcher.png

...should've done it python. oh well

that looks sexy as fuck, I'd have sex with that scrypt, with its consent.

[neuroMode]

Just a little thought but if MYR reduced it's reward structure like most of the other alts it's value would greatly increase.

Reward halvings.

This would rapidly lead to more trading and interest in your coin.

Just like it has with every other successful coin that has
done this. I know the community here wants to believe that mining innovation will bring this coin to the world but
the hard reality is that is not the case at all.

But it's increased value would. Protect and increase it's value and they will beat a path to your door.

You could not have pissed me off any more with this comment. I'm forming a response right now.

A) Any coin's value against BTC is directly related to the coin supply from the start. You are only going to buy as much as you can with the BTC you have, and if it's the same amount of BTC regardless of the price difference, you will still receive the same % profit if both coins rise in value proportionally. The only time a coin supply is troubling to it's price is if it gets stuck in the "8th Decimal of Satoshi Hell" (1-10 satoshis).
The only reason to artificially reduce the coin rewards 2 months in is to blatantly make yourself richer by reducing sell pressure. The honest way to make the coins you hold more valuable, if that is indeed the most pressing issue inside your morally object mind, is to actively contribute to the community.

B) 

This would rapidly lead to more trading and interest in your coin.

Trading would artificially increase as you prey on others with the artificial pumped up value of your coin.
"Interest" would only increase with cheaters like you that will pounce on this opportunity to prey on others to acquire profit.

C)

I know the community here wants to believe that mining innovation will bring this coin to the world but
the hard reality is that is not the case at all.

You could not have said "FUCK YOU" any louder to everyone else here in this thread. Not only are you completely wrong with this statement but you are using this completely wrong statement to emotionally manipulate people so as to prop up the validity of your attempted scam.

I am inside your head, YoyodyneSystems. You have exposed your true character while simultaneously planting a cancerous seed in any newcomer's mind who has read this statement. Luckily I was fast enough to catch it before anyone's mind had the chance to turn into the sewage that resides in yours. 

[YoyodyneSystems]

Just a little thought but if MYR reduced it's reward structure like most of the other alts it's value would greatly increase.

Reward halvings.

This would rapidly lead to more trading and interest in your coin. Just like it has with every other successful coin that has
done this. I know the community here wants to believe that mining innovation will bring this coin to the world but
the hard reality is that is not the case at all.

But it's increased value would. Protect and increase it's value and they will beat a path to your door.

You could not have pissed me off any more with this comment. I'm forming a response right now.

That was my intention. I know you will not change the reward structure. MYR is an interesting experiment. I want to see which side of the theory will win financially.
Protected value with innovation or just innovation. It's highly likely that the person that bought 100-200 BTC worth of MYR will still take this coin to new price levels but I worry what happens after.
There is another coin that has done the oppposite based on reccomendation of the communtity that I will not name here. I want to see which coin prevails in terms of value.

We will find out over the coming months.

I sometimes wonder if Bitcoin itself would be doing better with a different reward structure. It's a pretty serious question. Look at BTC now.
It scary for the mining community. I understand this. But it's unfortunately a valid issue. Hopefully there is a happy medium.

[neuroMode]

Just a little thought but if MYR reduced it's reward structure like most of the other alts it's value would greatly increase.

Reward halvings.

This would rapidly lead to more trading and interest in your coin. Just like it has with every other successful coin that has
done this. I know the community here wants to believe that mining innovation will bring this coin to the world but
the hard reality is that is not the case at all.

But it's increased value would. Protect and increase it's value and they will beat a path to your door.

You could not have pissed me off any more with this comment. I'm forming a response right now.

That was my intention. I know you will not change the reward structure. MYR is an interesting experiment. I want to see which side of the theory will win financially.
Protected value with innovation or just innovation. It's highly likely that the person that bought 100-200 BTC worth of MYR will still take this coin to new price levels but I worry what happens after.
There is another coin that has done the oppposite based on reccomendation of the communtity that I will not name here. I want to see which coin prevails in terms of value.

We will find out over the coming months.

I sometimes wonder if Bitcoin itself would be doing better with a different reward structure. It's a pretty serious question. Look at BTC now.
It scary for the mining community. I understand this. But it's unfortunately a valid issue. Hopefully there is a happy medium.

Please leave and never come back. You have some of the worst character I've ever seen. You need to mentally discover if this is the way you want to live your life, the only one you'll get. And if it is, you need to be prepared for the negative consequences that will catch up to you sooner or later.

[SlientBit]

I have a powershell ...
[/quote]

You had me right there
Care to share? PM if you don't want to just give out to the world yet ...

[ahmed_bodi]

would you mind sharing the script so i may convert it to a vb.net app and python app?