Topic: [ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 144. (Read 849993 times)

The fact that the sites are not considered to be profit-making parameters Asik's the reason really.

So if I understand it right, it would be better if Sha/scrypt algo's diff would rise much faster compared to GPU/CPU algos. So it would fix the problem we have now. ASICs would get much less coins in the same period of time.
In other hand, if ASICs will leave (because of no profit),  what will happen to our blockchain? It would decrease quantity of miners drastically... But the price should rise and inflation effect should be much smaller...  

ASICS IS THE KILLER HEADSHOTS COINS!

It's currently unprofitable to mine any coin using a GPU rig.

http://www.coinwarz.com/cryptocurrency/?sha256hr=1.00&sha256p=680.00&sha256pc=0.1226&sha256c=true&scrypthr=1000.00&scryptp=680.00&scryptpc=0.1226&scryptc=true&scryptnhr=450.00&scryptnp=680.00&scryptnpc=0.1226&scryptnc=true&x11hr=3000.00&x11p=360.00&x11pc=0.1226&x11c=true&x13hr=3300.00&x13p=360.00&x13pc=0.1226&x13c=true&keccakhr=580.00&keccakp=680.00&keccakpc=0.1226&keccakc=true&quarkhr=4200.00&quarkp=360.00&quarkpc=0.1226&quarkc=true&groestlhr=18.00&groestlp=360.00&groestlpc=0.1226&groestlc=true&e=igot

That's using the average US electricity cost as the cost basis for the calculations. http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

(I think I've got the hashrate equivalents and electricity consumption figures right - please, correct me if I'm wrong.)

ASIC allows you to profit at up to 20 times less electric cost, which means that price can go as low as ~10 satoshi in the case of DOGE and the ASIC would still be looking at breakeven (the GPU DOGE miner needs a price of ~200 satoshi to break even).

MYR could go as low as ~15 satoshi with the ASIC still keeping its head above water.

Hello guys ,
I was with myriad from February and I think this coin will not die so easy. Keep the good spirit and hope for good. After all this is crypto and anything can happen:) so relax and please don't argue abut the price. This is it.. if you can't manage the price you are in the wrong place . You guys all wanna just earn money but if we all win who will be the looser's ? Who will put money in this coin and take your share? If you don't want this coin is ok , just sell it and will be better for the rest of us ... I think we will make it some day

I think that's a good point. There's currently no reason for an investor to invest anything into this coin.

However, this is a long term coin, meaning it has a high chance of succeeding wildly or failing in the long term. Most "investors" are only interested in making short term profit, and can do so quite easily with the latest pump and dump POS coins.

Will having those kinds of people onboard help? Maybe. Blackcoin's hype train was largely fueled by zealous speculators. But I really don't think a coin with such a high inflation rate and slow progress as MYR will attract those kinds of people.

I think zetacoin is a better model for the progress we'll follow (and should emulate).

Thanks and agrees with yours opinions, those what our community needs to do, not follow the idea to shut down the supply of MYR.  Only 5 BTC per day makes the price steadily declines, this means investors includes community lose confident on MYR.  Now MYR has no serious problems. Why not buy cheap MYR right now? The main reason should be most of us are watching, waiting the lower price, pick it up or sell for short term profit.

Thanks for the constructive input!

Here's a link to the whitepaper for MAMMAEMP  https://docs.google.com/document/d/1R78lUtwnVB9o0CZpYnxWDSyZP-adgfcN4yfu1PM8jzQ/edit?usp=sharing

I think the name the community has settled on is polymyr.  I'll try and give a little tl;dr for the paper.

It's a multi algo merged mining auto exchange multipool, or, the first system of it's kind to combat multipool dumping.   The basic is idea is that a bunch of currencies merge with myriad's blockchain, so that mining myr gives you each currency all at once (across all of myr's algos too remember).  Then you pick which coins to hold, buy, and sell.  Each miner chooses this independently, and will effectively act as a load balancing system across all the merged currencies to prevent dumping from other multipools.

It's a fucking awesome idea

Your infrastructure + community cannot even absorb 5 BTC in new coins/day...
Other coins like XMR... are absorbing 80 BTC/day... and seem to have a future.

A cool, innovative, well-executed coin is not enough...
If you do not have enough promotion, community, multipools to buy 5 BTC/day...
Then your price steadily declines... and now you are fucked because bagholders are dumping.

Thanks to everyone that has supported our app.   Bittrex is now live on the newest update!

I agree to vote only effective proposals.

Stop mining by example... and propose something attracting, where's the dev ?

I propose to start a vote on what to understand what people want:
1. Asik protection.
2. Fight against inflation.
3. Marketing.
4.Pos/Pow.

5. Your option.

I will add your suggestions and will update this post or will create a new topic.

it is a good news, waiting for the site to come online.

Today i red a very clever post on reddit , i will copy-past it for you (with my answer) :


Here : http://www.reddit.com/r/myriadcoin/comments/2a1wi3/why_myriad_flips_or_flops_this_week_and_what_we/

" I've got to go to work soon ("work" - aka my brokerage office where I do nothing but watch my nuclear holdings strike a heisman), but I figured I'd let you guys know why Myriad is in a pivotal point of its life.

You guys are freaking out. Maybe some of you aren't, but when an idea such as cryptocurrency is so dependent on a community, it's nothing less than destructive to have people getting restless.

 If you are getting restless, then you should've sold a long time ago; if you didn't sell long ago, and are getting restless NOW, you're doing the wronggggg fucking thing being in cryptos.

We need to shut down the amount of coins being produced. When a company isn't turning profits, it has to save face somewhere and cut production. The concept differs on the surface, but the core value of supply/demand remains.
MAMMMP needs to get going. I don't care if it's done, "release the Kraken!". If we don't get some hash sent our way, we are going to be too far under.


To be continued... I'm still hungover from this weekend. Much love to you all.

P.S. - This is "Cryptos4aCause", aka Kauffman, but I created this new account to cause some unrest and see if I could create some interest in a shady project I had in mind. Got bored with it and didn't keep up with it. Anywho, the name fits better."


MY ANSWER :


Hi bro , :

1) i agree = we need to act like a community , not like assholes = insulting each others = if anybody has an idea = NO JUDGEMENT = ITS CALLED BRAINSTORMING

2) I totally agree with you = the offer is HUGE comparing to demand = results = price will go down (miners are cashing out everyday = they don't fucking care about the price)

3) I don't know what MAMMMP means , can you explain a bit please ?

4) coin needs also MARKETING , and strong exposure to medias = articles , crypto-forums, advertisement , hire a professional crypto advertising company .

Thanks for scammers, your goals to ruining MYR almost reached.

seems like myriad is dying.

Are you sure this is a good news for MYR?  MktCap downs to 363 BTC, and last 24 hours changed -12.925%

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