It would be great to get rid of bitcoin but ;
How easy would it be to make an asic miner for sh-3 ?
If it is easy, at least this would become a more widespread coin.
Fuck Bitcoin, it now stands for everything that cryptocurrentcy was invented against !
Yes it has paved a way , but that's it. Everybody who thinks otherwise has his head up too high in the bitcoinblockchain.
You know what I'm saying. You know it's true .
For the people !
Topic: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining - page 519. (Read 914323 times)
February 02, 2014, 07:17:38 AM
February 02, 2014, 05:49:50 AM
Considering this coin will be CPU-only at launch, are you not worried about botnets having a high % of hashing power compared to the "average" miner?
With scrypt variants this is less of an issue, with coins that have CPU mining only the reward for mining for the average Joe is very limited.
With scrypt variants this is less of an issue, with coins that have CPU mining only the reward for mining for the average Joe is very limited.
Considering SHA-3 should not be that hard to implement on GPU, are you not worried that CPU miners will be overrun by GPU miners (I guess that whoever writes the miner won't just disclose the source or even its existence) soon after start?
There is already working SHA-3 implementation as part of scrypt-jane miners, so ripping just sha-3 out of it ... wouldn't be probably very hard
.That is exactly what is going to happen. The happy-go-lucky crowd will be making 42 coins a day on their expensive i7-4700k and the GPU miners with their undisclosed mining software will be making 1.2 Million coins during the same day.
Im sorry to say this but there is so much openness and fairness built into Satoshi's implementation of bitcoin technology and continued over to Scrypt, that with the exception of pre-mining and insta-mining, every coin that uses some "innovative" technology (aka giving some secret advantage to the developer) has to be looked at carefully.
February 02, 2014, 05:34:30 AM
MAXCOIN just popped up on the exchange so it looks fairly certain they will be trading it.
where did you see it? on coins-e?
February 02, 2014, 05:17:08 AM
Is there a source available before launch so we can get some pools ready?
February 02, 2014, 05:14:50 AM
MAXCOIN just popped up on the exchange so it looks fairly certain they will be trading it.
February 02, 2014, 03:48:23 AM
Get everything ready and make it a successful launch!
Plz build some pools as needed.
Someone create a P2Pool plugin for Keccak pls Plz build some pools as needed.
February 02, 2014, 03:03:52 AM
Get everything ready and make it a successful launch!
Plz build some pools as needed.
Plz build some pools as needed.
February 01, 2014, 10:25:14 PM
Considering this coin will be CPU-only at launch, are you not worried about botnets having a high % of hashing power compared to the "average" miner?
With scrypt variants this is less of an issue, with coins that have CPU mining only the reward for mining for the average Joe is very limited.
With scrypt variants this is less of an issue, with coins that have CPU mining only the reward for mining for the average Joe is very limited.
Considering SHA-3 should not be that hard to implement on GPU, are you not worried that CPU miners will be overrun by GPU miners (I guess that whoever writes the miner won't just disclose the source or even its existence) soon after start?
There is already working SHA-3 implementation as part of scrypt-jane miners, so ripping just sha-3 out of it ... wouldn't be probably very hard
. February 01, 2014, 09:51:49 PM
"There will be mining pools available from launch, too" Why if there's no standalone miner?
Maybe the wallet can connect to a pool, who knows? Or am I over estimating their capabilities?
If that is over-estimating their capabilities then this coin would be in trouble! lol
February 01, 2014, 09:50:08 PM
"There will be mining pools available from launch, too" Why if there's no standalone miner?
Maybe the wallet can connect to a pool, who knows? Or am I over estimating their capabilities?
I think it would be pointless to only include a solo miner, you would never get anything.
I don't want to start a war or something, But the only difference i see with Quark is:
Please note i'm not a pro in these stats, so if i'm wrong, correct me.
The difference:
Quark vs MaxCoin
CPU Mining vs CPU mining
6 encryption vs 1 encryption
240 m vs 250 m coins
30 secondes vs 30 secondes
0,5% extra vs none?
Is it this coin just a striped of version of Quark or what?
James
Please note i'm not a pro in these stats, so if i'm wrong, correct me.
The difference:
Quark vs MaxCoin
CPU Mining vs CPU mining
6 encryption vs 1 encryption
240 m vs 250 m coins
30 secondes vs 30 secondes
0,5% extra vs none?
Is it this coin just a striped of version of Quark or what?
James
most of the things you compared dont matter.
block reward - 96 vs 2k(ish)
block reward halving - 1 year vs 2 weeks
time to mine out all coins - decades vs 6 months(ish)
February 01, 2014, 09:42:30 PM
"There will be mining pools available from launch, too" Why if there's no standalone miner?
Maybe the wallet can connect to a pool, who knows? Or am I over estimating their capabilities?
February 01, 2014, 09:38:43 PM
Will I be able to mine this with my CPU while I'm mining other coins with my GPUs?
quoting myself because I'm still wondering. Does anyone have any experience with this from other cpu coins in the past?
February 01, 2014, 07:23:34 PM
Why premine when you can hire a few thousand megahashes and mine it at launch with everyone else? They want the coin to have credibility. They're not going to premine it. Just mine it quietly.
Honestly, anyone who thinks developers working for Max Keiser aren't go to be competent are confusing this with the majority (but not all of) the altcoins in this subforum.
The ASIC resistence makes sense, but anyone thinking botnets will destroy this are wrong. Kimoto Gravity Well. The difficulty at launch is going to be insane. You'll be far better off waiting a few days when it dips and mining it then. Mining it straight at launch will be a waste of hashpower. As soon as the first block is mined that's it; difficulty retarget. More CPUs will mean more coins, but unlike most CPU coins the distribution won't be vastly disproportionate.
I personally see it valued similar to RonPaulCoin, at first, but I expect there to be considerably more trading volume, so it may just be easier to buy in early and hope for the best.
Honestly, anyone who thinks developers working for Max Keiser aren't go to be competent are confusing this with the majority (but not all of) the altcoins in this subforum.
The ASIC resistence makes sense, but anyone thinking botnets will destroy this are wrong. Kimoto Gravity Well. The difficulty at launch is going to be insane. You'll be far better off waiting a few days when it dips and mining it then. Mining it straight at launch will be a waste of hashpower. As soon as the first block is mined that's it; difficulty retarget. More CPUs will mean more coins, but unlike most CPU coins the distribution won't be vastly disproportionate.
I personally see it valued similar to RonPaulCoin, at first, but I expect there to be considerably more trading volume, so it may just be easier to buy in early and hope for the best.
February 01, 2014, 07:12:01 PM
this coins is premined ...that is very clear.. right now is being mined by developers. and his botnets. . so that is like 1 week or more being mined.. ....i just hope the prices get below 200 satoshis
Personaly I believe since there is lack of communication that there is something to hide behind the scenes amd pribably max told the devs to keep quiet otherwise they may leak info.. but what i think they are doing is creating optimized version of the miner and not releasing it.. thats the delay part we are seeing. We will be stuck on single threaded qt wallet miners while they use cpu optimized miner maybe on a private pool between individuals.. something seems offf about this release, so I wouldnt be surprised if they did something like this.. something about keiser makes me think of a snake. Then again it is a dog eats dog world.
I don't think anyone's taking these crackpot theories seriously, but by all means keep it up for the entertainment value."z0mg its teh conspiracyz."
This is the pre-announcement. It's stands to reason (I know you guys aren't big on reasoning, but maybe give it a go some time) that all the details will be in the full announcement for the launch on Wednesday. Once it's all out in the open, people will make informed judgements, rather than just talking out of their arses like you idiots are doing.
Crackpot conspiracies eh? You clearly dont know how releasing a coin works these days. Put it this way 99% of the coins released today give some sort of advantage to devs thru pre-mining or getting creative. Like I said watch the opening blocks to prove me wrong you will see many goto same addresses.
A way to possibly combat this is perhaps inventing a tool and implementing an idea:
1) Develop a visual tool that lets you see which addresses have mined how many blocks.. maybe a heat map.
2) Incentive then is to create a new address for each block. Make fees high for first fee weeks so it avoids minimg and dumping, creates some market demand from real buyers, and allows tool we created to really show fair or unfair dispursement of coins at launch.
or
3) Simply make it so that difficulty and reward are setup so that unfair distibution doesnt occur.. but this is probably harder than doing the above.
Sure you can have botnets etc but will they really be setup and ready to go the first day of minimg when most of the easy blocks are mined? The diff algo seems to claim that it combats unfair hash distribution but we wont know until launch anyway.
And will people stfu about botnets? There are botnets for bitcoin, but it doesn't mean the bitcoin developers made them. If they want their coin to succeed, why would they take the risk of being associated with malware to hijack people's computers? Hence crackpot conspiracies. You sound like a crazy person. Take off the tinfoil hat already.
You simply need a reality check. I dont think you understand at all what we are talking about..
February 01, 2014, 05:59:08 PM
I'm still quite unsure on how to mine this new maxcoin on the 5th of feb, I keep readying that this coin will only be CPU mineable any thoughts on that? also im quite new to mining and wanted to know what program's we would be using to mine this maxcoin and where to find pools
Thanks
From the original post:Thanks
Common Questions and Their Respective Answers
Q: Can I mine MaxCoin? How?
A: We'll provide config files for the wallet client upon release to allow anybody to CPU mine from day one. There will be mining pools available from launch, too.
"There will be mining pools available from launch, too" Why if there's no standalone miner?
February 01, 2014, 05:28:20 PM
!!CANT WAIT!! im in. 
February 01, 2014, 04:58:48 PM
I'm still quite unsure on how to mine this new maxcoin on the 5th of feb, I keep readying that this coin will only be CPU mineable any thoughts on that? also im quite new to mining and wanted to know what program's we would be using to mine this maxcoin and where to find pools
Thanks
From the original post:Thanks
Common Questions and Their Respective Answers
Q: Can I mine MaxCoin? How?
A: We'll provide config files for the wallet client upon release to allow anybody to CPU mine from day one. There will be mining pools available from launch, too.
February 01, 2014, 04:55:20 PM
I'm still quite unsure on how to mine this new maxcoin on the 5th of feb, I keep readying that this coin will only be CPU mineable any thoughts on that? also im quite new to mining and wanted to know what program's we would be using to mine this maxcoin and where to find pools
Thanks
Thanks
You and me both!
February 01, 2014, 04:05:25 PM
I'm still quite unsure on how to mine this new maxcoin on the 5th of feb, I keep readying that this coin will only be CPU mineable any thoughts on that? also im quite new to mining and wanted to know what program's we would be using to mine this maxcoin and where to find pools
Thanks
Thanks
February 01, 2014, 03:23:27 PM
well lot of people are crazy waiting for feb 5th. if this coin give the same oportunity that doge. will be a huge bunch of millonaries
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