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Author Topic: The KnC ASIC farm would compete for only 1/5 total coins on Myriadcoin.  (Read 802 times)
neuroMode
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April 21, 2014, 04:29:44 AM
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Myriad's blockchain can be mined by any of 5 algorithms. Sha256, Scrypt, Skein, Groestl, OR Qubit.
Each algorithm is designed to mine 1/5 of the entire coin supply over time.

Therefore, this would be competing for just 1/5 of the coins in Myriad:


Multi-PoW is the future of mining? I say yes. And Myriadcoin is already here.

Discuss.

Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
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KingSchultz
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April 21, 2014, 04:59:19 AM
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2/5. Sha256 and Scrypt. If their Scrypt farm isn't already massive it will be.

However, I'm a fan of what Myriad has done. I like to see some innovation in coins and multi-PoW definitely has some potential.
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April 21, 2014, 05:31:22 AM
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2/5. Sha256 and Scrypt. If their Scrypt farm isn't already massive it will be.

However, I'm a fan of what Myriad has done. I like to see some innovation in coins and multi-PoW definitely has some potential.

Well, I'll update when photos get leaked of their Scrypt farm.

Regardless, single blockchain coins feel somewhat....outdated? Because exactly this type of stuff is allowed to happen.

Look 20 years into the future and you might very well see ASICs for all types of algorithms, regardless how resistant. Now take a look at the coins. Is it best to have the ASICs ruling entire blockchains with 1 algo or multiple algos (Myriad)?

In the meantime the at home miners have 3 other algorithms to realistically compete (against each other only!) for 3/5 Myriad's coin supply for a long long time.

Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
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April 21, 2014, 10:18:17 AM
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man that is a beautiful picture. all neat and clean, chugging away, spitting out btc..
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April 21, 2014, 10:45:49 AM
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2/5. Sha256 and Scrypt. If their Scrypt farm isn't already massive it will be.

However, I'm a fan of what Myriad has done. I like to see some innovation in coins and multi-PoW definitely has some potential.

and in the future more like 5/5, as they will probably produce farms fo the other algo too if there is enough demand
neuroMode
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April 22, 2014, 12:37:04 AM
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2/5. Sha256 and Scrypt. If their Scrypt farm isn't already massive it will be.

However, I'm a fan of what Myriad has done. I like to see some innovation in coins and multi-PoW definitely has some potential.

and in the future more like 5/5, as they will probably produce farms fo the other algo too if there is enough demand

Same is said for any PoW coin. 5 algos means longer time for at home miners to stay relevant. Also you can switch 1 algo out without disrupting the identity of the coin itself to keep small miners relevant.

Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
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April 22, 2014, 06:03:38 AM
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Yeah... I believe Myriadcoin can reach a much higher value.
neuroMode
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April 24, 2014, 04:44:01 AM
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Bump

Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
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