[ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 181.

neuroMode

sr. member

Activity: 448

Merit: 250

Quote from: Watchy312 on May 28, 2014, 05:28:32 PM

Quote from: Zoella on May 28, 2014, 12:23:30 PM

Quote from: fedmahnkassad on May 28, 2014, 11:42:16 AM

Cut ties with Bryce Weiner or this will end up really bad.

I know nothing about Bryce, or his plans.

What I do know is he pumped this coin with grandiose plans and pre-announcement about announcements and then disappeared. Hell, I've seen scam coins announced here with more upfront information. If he's just spitballing ideas, great. Tell us. If he really is working on this other stuff, great. Again, tell us.

Until he's a little more forthcoming, there is no reason to give any weight to his meanderings. I really hope colored coins take off on MYR, but that doesn't need Bryce. It needs someone with a motivation and a drive to create and release.

They should definitly cut ties with him, he talks a lot and talks big but actually does nothing much.
I followed his twitter for months and this guy just spam a lot : i don't believe he can seriously work on anything while twiting that much

Also he looks like someone "not serious" and apparence does count

Bryce does not work directly with anyone on the Myriad team. There is no "ties" to Bryce beyond us recognizing he has announced a major project involving MYR. He is putting his credibility on the line and he is not hiding his identify at all. I have actually reached out to him and talked with him, and surprise surprise, they were good discussions and we both share a lot of common beliefs about cryptocurrencies.

Cryptocurrencies are decentralized: ANYBODY is free to do whatever they damned please with any coin.

Why. All. The. Hate?!

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: Zoella on May 28, 2014, 07:06:36 PM

Strange. The last few posts seem to not understand the difference between ASIC and mulitpool at all.

Scrappy Do:
Nobody has made a single comment about excluding ASICs (that I remember) in the last several pages. In fact we've been supportive of ASICs. Then again, if you want to see 80+% of the algo you bought ASICs for go to multipools and be satisfied with less than 20% to split with other ASIC miners, have at it. My guess is your 1GH will be wasted on MYR as the multipools raid the blocks at low diff.

Zer0Sum:
Go back and read the posts. Nobody here is blaming the current price of MYR on multipools or ASICs. We all know the market's soft. This has been going on for months. Try actually reading the posts that describe the problem.

foodies:
Are you bipolar? First it's not an issue. Then maybe it's an issue. Then we know about it and are working on it. Then it's not an issue again because ASIC EVERYBODY INCLUDE. WTF dude? Nobody here had any intentions of excluding anybody in Scrappy's shoes. Preach full acceptance? Yeah, when multipool's incorporate algo switching and are generating 80% of all blocks on all algos, where will your acceptance level be then? We are trying to point out that if you don't look at this, YOU WILL CAUSE THIS COIN TO EXCLUDE EVERYONE BUT MINE 'N DUMP POOLS.

As someone once told me, sorry for the all caps, but I just feel like you're not getting the point.

You seem to be missing the point that this is only happening due to myr scrypt diff being insanely low and scrappy's point was that if he pointed all his 1GH at scrypt he'd get an effect similar to the multipools thus he may be hit with the same protection. I said we're thinking about the issue but as I also said it's quite easy to come up with some kind of protection for when diff is low but it's very likely that it will come around and bite us later on with diff is higher (see scrapy's scenario). I'm feeling you're a tad more agressive about this than you should be tho ... tone it down a little, if I thought the current situation is ok I'd have said buzz off I don't care about multipools but I do as they're very harmfull, but we'll need to brainstorm this quite a bit to come up with a way to protect ourselves without injuring some users and without repercusions in the future.

Zoella

full member

Activity: 168

Merit: 100

Strange. The last few posts seem to not understand the difference between ASIC and mulitpool at all.

Scrappy Do:
Nobody has made a single comment about excluding ASICs (that I remember) in the last several pages. In fact we've been supportive of ASICs. Then again, if you want to see 80+% of the algo you bought ASICs for go to multipools and be satisfied with less than 20% to split with other ASIC miners, have at it. My guess is your 1GH will be wasted on MYR as the multipools raid the blocks at low diff.

Zer0Sum:
Go back and read the posts. Nobody here is blaming the current price of MYR on multipools or ASICs. We all know the market's soft. This has been going on for months. Try actually reading the posts that describe the problem.

foodies:
Are you bipolar? First it's not an issue. Then maybe it's an issue. Then we know about it and are working on it. Then it's not an issue again because ASIC EVERYBODY INCLUDE. WTF dude? Nobody here had any intentions of excluding anybody in Scrappy's shoes. Preach full acceptance? Yeah, when multipool's incorporate algo switching and are generating 80% of all blocks on all algos, where will your acceptance level be then? We are trying to point out that if you don't look at this, YOU WILL CAUSE THIS COIN TO EXCLUDE EVERYONE BUT MINE 'N DUMP POOLS.

As someone once told me, sorry for the all caps, but I just feel like you're not getting the point.

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: Scrappy Do on May 28, 2014, 06:05:12 PM

Multipools will exist and should. I for one do not use them as the small gains I would get the Multipool would eat up in fees. With that said...

I myself have over 1 GH/s of scrypt coming next month... If I start soloing, are people that are on GPU's going to bitch me out too?

This game is ever changing. And people will start to see less results if they do the same for any extended period of time. Learn to adapt, or move over quietly. Multipools aren't a problem, they are merely showing that this coin has growth, attention, and money. Those 3 factors will lead to more coming. I say bring it on.

If anyone wants to really help, stop bitching about how your machines are not adequate to make money on this coin, get this thing accepted more such as Bitcoin has done. ie. Overstock.com, Tigerdirect.com, cryptothrift.com. These 3 sites alone I have spent over 9 btc in the past 2 months and you would be surprised at all the shit I have bought ranging from a dining room lamp to raw cash without an exchange or a person to person.

Like I said, you can't promote full acceptance and when things get sticky start pondering how to exclude.
Not religious but ... this would be like Jesus preaching turning the other cheek and beating the shiznit out the first dude that looks at him wrong.
It's ... not right, is it ? Put yourself in scrappy's shoes, maybe tomorrow you come across some money and think it's good idea to get 10 knc titans, how would you feel when you turn them to our chain and we start looking for ways to reject you ?

Quote from: Zer0Sum on May 28, 2014, 05:43:58 PM

It's not a MYR problem, it's not a multipool problem...
You guys are producing only 8-9 BTC/day of coin, a tiny amount...
The market for these type of Alts is just really soft now...
There is nothing to be done by your Devs.

Nothing will "fix" your coin if your "great" Community...
Can't even absorb a teeny tiny Daily Maintenance Cost of 8-9 BTC/day.

Just be patient... MYR is unique... it will bounce back.

Or why don't all of you mine another hot coin, sell it, and buy MYR to support the price...
Each of you can act as a standalone multipool.

I love you, have my baby.

Quote from: novag on May 28, 2014, 04:49:53 PM

HI all offer some options for the development of the coin:

1. The easiest to reduce the award for the block is valid in the region 200-500. NO
2. Suggest use this coin in the banking sphere (what ever the bank), for example, use them as coupons on ebay, or something like that. YES, working on something similar could use all the help we can get.
3. Create some dividends to investors of the coin. NO (see scambeck or whatever it was called)
4. Remove algorithm script and add the x11 and x13. NO x11 is relatively young, x13 is damn right an embryo, plus it's all smoke and mirrors, myriad-groestl is more efficient than them in both heat and power.
5. Suggest your ideas for the development of a coin. YESSSS PLEASE DO

Basically who is first make that coin will be in demand. Thank you for your attention.

This, although I didn't agree with most of his points , that's the spirit we want, come up with ideas, pitch them, put them into action, even if we don't agree with them we won't ignore them if they benefit MYR (without scamming others ... see point 1)

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: SlientBit on May 28, 2014, 04:25:22 PM

Wow, guys

It just took me 1/2 hour to read through the last 3 pages - being out of touch for a whole day here takes its tool Tongue

I'm truly happy things are actively being discussed, brainstormed and monitored. This is an healthy community, I tell ya.

Devs, now I'm positive your minds are refocused and MYR will once more have a pumped up development cycle - I'm also confident you'll once again come up with innovative solutions and MYR will be reinforced in that most important characteristic Cheesy

Thank you all for your ideas, analysis and commitment.

Just to rap up a few loose ends: Neuro, I did recover from that bad 10 hour period, thanks, and I'm still on that small pool Wink

Just to clarify: I'm using the initial gridseeds, 7 of them, average total scrypt hashrate of 2 MH/s - and it's not because of the hashrate, believe me (I could have way more with GPUs). It's because I've being using them in mining a lot of scrypt coins for the past 2 months to check a theory I have, and so far I only spend around 30 USD in power with them, LOL

Also, I'm not a bag holder, modest myr wealth, but I believe that in the long term this coin will be a runner up, so I keep mining and holding - current prices do not interest me in particular, but long term sustainability does, hence the posts.

I'll be around hopefully not trolling Grin

trolling is good if done right (hint@primer) , it forces the brain juices to flow around making us come up with amazing stuff.

novag

hero member

Activity: 687

Merit: 500

novag

Quote from: novag on May 28, 2014, 04:49:53 PM

HI all offer some options for the development of the coin:

1. The easiest to reduce the award for the block is valid in the region 200-500.
2. Suggest use this coin in the banking sphere (what ever the bank), for example, use them as coupons on ebay, or something like that.
3. Create some dividends to investors of the coin.
4. Remove algorithm script and add the x11 and x13.
5. Suggest your ideas for the development of a coin.

Basically who is first make that coin will be in demand. Thank you for your attention.

Scrappy Do

hero member

Activity: 686

Merit: 500

Quote from: neuroMode on May 28, 2014, 06:58:15 AM

Quote from: Zoella on May 27, 2014, 10:53:04 PM

Just doing some research into an address (MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ) that keeps popping up using http://myr.coinpi.pe/ since it will display addresses with large numbers of transaction.

On 5/27 (UTC), this address generated 305,000 MYR (http://pastebin.com/AU2EakQW). Based on a block time of 2:30 (150 seconds), there should be an average of 576 blocks per day (per algo). This one address accounted for 53% of those blocks. At the end of the day, that address held a whopping 13,000 MYR. The rest were sent to M8LtymYa42xrxXmA8yydFcBDzeRhdz9X25. That account currently holds 17,537,005 MYR, and I can only assume is an exchange.

This is the address used by Wafflepool, as you can see from the image below (taken from the Wafflepool rolling stats page)...

The referenced hash (6ad7beca9ba28732c598c06f6c40f958fe02e565d39d7d6988f16e82a895b45a) links to a payout to MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ.

http://myr.coinpi.pe/tx/cb96fe1fc6b4d91631767b3b630b3baaef9d5faad701d2e61de371c83790b881

This is ONE profit switching pool grabbing greater than 50% of the expected blocks in a 24 hour period. I did not look to see if blocks were created in greater numbers than expected, although I suspect they may have been based on the overall percentage of scrypt blocks climbing to 21.6%.

Looking at a second address from that "burst" of blocks (MQgsHVckUWdELkyHxeQJJ3m7Dfu23ZKkpH) is interesting as well. On 5/27 (UTC), this address generated 160,000 MYR (http://pastebin.com/jrtdG9Z2). It also dumped most of its coins to a single address (MEuTEpcNfFmMC8msP1t2vhis63rZgfo82f), having a total of 15,000 MYR left at the end of the day. I'm assuming this is also an exchange, as that address has a current balance of 4,403,000 MYR.

On these 4 addresses (wafflepool & exchange + suspected profit switching pool & suspected exchange), there are no micropayments (sub reward size) like you would expect to see from a regular pool to miners. We know that one is a profit switching pool, and if we assume the second is as well, that means that 465 of the 576 daily blocks went to profit switching pools. That is almost 81% of scrypt blocks on 5/27 payed out to profit switching pools. That is almost 81% of scrypt blocks on 5/27 dumped the same day. (assuming that each pool carries over an average 10k - 15k daily)

I would love to see some more detailed research performed to validate/invalidate my assumptions. Please!

Now I can understand the thinking that, "oh, it's just ASIC flooded scrypt and we don't care because we have 3 other GPU algos." That's what I thought originally. But follow it through the next most likely progression. 80% or more of all blocks created by all 4 gpu algos will be generated by profit switching pools that dump everything as soon as they can. Like I said earlier, the folks on the Wafflepool thread are already talking about an algo+profit switching pool. This can't be far away. A solution should be researched NOW, before it spreads.

If those of us concerned about this are correct, this coin will soon become nothing but a mine & dump with no one holding but us poor schlubs who believed in the coin. Please, somebody take a look and waylay our fears with analytical data sets, not assumptions or questions. This is a big enough concern that I believe needs to be answered. We need to stay ahead of the curve.

Very very interesting research you have done here. This is the type of analysis I love.

I'm going to make a record of this, pass it along to a few of the devs to ensure they read it, and start thinking about the problem in depth.

One thing to think about: If the multipools on Scrypt didn't exist and those 81% of Scrypt blocks went to the other miners on Scrypt...would they have dumped too?

Furthermore, the 305,000 MYR that the multipool mined yesterday in your first address report comes out to be ~0.88 BTC at 300 satoshis. This is a pretty damn mild "dump" that at the very worst puts MYR into the hands of someone who wants them.

Multipools will exist and should. I for one do not use them as the small gains I would get the Multipool would eat up in fees. With that said...

I myself have over 1 GH/s of scrypt coming next month... If I start soloing, are people that are on GPU's going to bitch me out too?

This game is ever changing. And people will start to see less results if they do the same for any extended period of time. Learn to adapt, or move over quietly. Multipools aren't a problem, they are merely showing that this coin has growth, attention, and money. Those 3 factors will lead to more coming. I say bring it on.

If anyone wants to really help, stop bitching about how your machines are not adequate to make money on this coin, get this thing accepted more such as Bitcoin has done. ie. Overstock.com, Tigerdirect.com, cryptothrift.com. These 3 sites alone I have spent over 9 btc in the past 2 months and you would be surprised at all the shit I have bought ranging from a dining room lamp to raw cash without an exchange or a person to person.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: fullhdpixel on May 28, 2014, 11:29:02 AM

Dev's, don't you see we'll end up in limbo with this rate of inflation?

And I also doubt this will enforce better distribution. Who wants to invest a coin that's been going sideways for two whole weeks?

Don't get me wrong, you all know I love the work you've been doing for this coin and I suggest you continue to do this.

Personally, my investment is down 50%...

As someone who has been trading MYR for about 10 days from 400 down to 260...
I read the last 3 pages... and there is just so much speculation in this thread.

First off...
The hot money is pouring into anon, Crypto Asset Platforms, and BTC...
Most legacy PoW alts have been crushed in May, even quality coins:

LTC... -22%
QRK... -30%
XPM... -34%
DOGE..-39%
MYR... -52%

etc, etc, etc...

It's not a MYR problem, it's not a multipool problem...
You guys are producing only 8-9 BTC/day of coin, a tiny amount...
The market for these type of Alts is just really soft now...
There is nothing to be done by your Devs.

Nothing will "fix" your coin if your "great" Community...
Can't even absorb a teeny tiny Daily Maintenance Cost of 8-9 BTC/day.

Just be patient... MYR is unique... it will bounce back.

Or why don't all of you mine another hot coin, sell it, and buy MYR to support the price...
Each of you can act as a standalone multipool.

Watchy312

member

Activity: 193

Merit: 10

Quote from: Zoella on May 28, 2014, 12:23:30 PM

Quote from: fedmahnkassad on May 28, 2014, 11:42:16 AM

Cut ties with Bryce Weiner or this will end up really bad.

I know nothing about Bryce, or his plans.

What I do know is he pumped this coin with grandiose plans and pre-announcement about announcements and then disappeared. Hell, I've seen scam coins announced here with more upfront information. If he's just spitballing ideas, great. Tell us. If he really is working on this other stuff, great. Again, tell us.

Until he's a little more forthcoming, there is no reason to give any weight to his meanderings. I really hope colored coins take off on MYR, but that doesn't need Bryce. It needs someone with a motivation and a drive to create and release.

They should definitly cut ties with him, he talks a lot and talks big but actually does nothing much.
I followed his twitter for months and this guy just spam a lot : i don't believe he can seriously work on anything while twiting that much

Also he looks like someone "not serious" and apparence does count

SlientBit

sr. member

Activity: 294

Merit: 250

Quote from: chiguireitor on May 28, 2014, 04:40:22 PM

Quote from: SlientBit on May 28, 2014, 04:25:22 PM

...
It just took me 1/2 hour to read through the last 3 pages - being out of touch for a whole day here takes its toll Tongue

...

Just sayin' Wink

LOL, you're right, that was the intended word
I stand corrected, thanks Grin

novag

hero member

Activity: 687

Merit: 500

novag

HI all offer some options for the development of the coin:

1. The easiest to reduce the award for the block is valid in the region 200-500.
2. Suggest use this coin in the banking sphere (what ever the bank), for example, use them as coupons on ebay, or something like that.
3. Create some dividends to investors of the coin.
4. Remove algorithm script and add the x11 and x13.
5. Suggest your ideas for the development of a coin.

Basically who is peorvy make that coin will be in demand. Thank you for your attention.

chiguireitor

legendary

Activity: 872

Merit: 1010

Coins, Games & Miners

Quote from: SlientBit on May 28, 2014, 04:25:22 PM

...
It just took me 1/2 hour to read through the last 3 pages - being out of touch for a whole day here takes its toll Tongue

...

Just sayin' Wink

SlientBit

sr. member

Activity: 294

Merit: 250

Wow, guys

It just took me 1/2 hour to read through the last 3 pages - being out of touch for a whole day here takes its tool Tongue

I'm truly happy things are actively being discussed, brainstormed and monitored. This is an healthy community, I tell ya.

Devs, now I'm positive your minds are refocused and MYR will once more have a pumped up development cycle - I'm also confident you'll once again come up with innovative solutions and MYR will be reinforced in that most important characteristic Cheesy

Thank you all for your ideas, analysis and commitment.

Just to rap up a few loose ends: Neuro, I did recover from that bad 10 hour period, thanks, and I'm still on that small pool Wink

Just to clarify: I'm using the initial gridseeds, 7 of them, average total scrypt hashrate of 2 MH/s - and it's not because of the hashrate, believe me (I could have way more with GPUs). It's because I've being using them in mining a lot of scrypt coins for the past 2 months to check a theory I have, and so far I only spend around 30 USD in power with them, LOL

Also, I'm not a bag holder, modest myr wealth, but I believe that in the long term this coin will be a runner up, so I keep mining and holding - current prices do not interest me in particular, but long term sustainability does, hence the posts.

I'll be around hopefully not trolling Grin

Wiseman

newbie

Activity: 39

Merit: 0

Actually we, the community, don't ask too much. We just want to know, when some improvements, which will increase capitalization will be made/released by devs? No matter what (MAMMP or something else). When? Just let us know. This is of interest not only of us, it is firstly of your interest, becuse you can become millionaires instead of being satisfied with 100-200 BTC which you receive now if you sell your MYR.

iamphoenix

sr. member

Activity: 244

Merit: 250

im so late to work again lol

i just hope this works out for the best foodies u know that. u know how much i donated i mean relatively its not that much but its significant in my mind

iamphoenix

sr. member

Activity: 244

Merit: 250

Quote from: foodies123 on May 28, 2014, 12:47:46 PM

Quote from: iamphoenix on May 28, 2014, 12:39:51 PM

the development is very inactive if i am reading this correctly.

https://github.com/myriadcoin/myriadcoin/pulse/monthly

https://github.com/myriadcoin/myriadcoin/graphs/contributors?from=2009-08-30&to=2014-05-28&type=c

i guess im going to have to stay up 5 days in a row and become a master coder and get to work :/

I told you why on reddit. Don't troll.

please remind me

a troll does not hold 8 million myr and hope to learn and influence the coin for the betterment of the entire community

another fyi i did edit the original post before reading your response
fyi#2 yes i have the ability to put in a few hundred hours into something in a short time frame

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: iamphoenix on May 28, 2014, 12:39:51 PM

the development is very inactive if i am reading this correctly.

https://github.com/myriadcoin/myriadcoin/pulse/monthly

https://github.com/myriadcoin/myriadcoin/graphs/contributors?from=2009-08-30&to=2014-05-28&type=c

i guess im going to have to stay up 5 days in a row and become a master coder and get to work :/

I told you why on reddit. Don't troll.

iamphoenix

sr. member

Activity: 244

Merit: 250

the development is very inactive if i am reading this correctly.

https://github.com/myriadcoin/myriadcoin/pulse/monthly

https://github.com/myriadcoin/myriadcoin/graphs/contributors?from=2009-08-30&to=2014-05-28&type=c

i guess im going to have to stay up 5 days in a row and become a master coder and get to work :/

EDIT

actually it looks like there have been a lot of contributors. unless once again i am reading this wrong?

https://github.com/myriadcoin/myriadcoin

Zoella

full member

Activity: 168

Merit: 100

Quote from: foodies123 on May 28, 2014, 12:22:21 PM

zoe, phoenix, the fact that I responded to this means we are aware of this problem (although it's not exactly a problem but something specific to all coins with a smaller network hashrate) and we're thinking about the issue. what I posted I genuinely thought was the answer for stopping multipools but as I thought deeper I realized someone could use that to perform a double-spend attack, although I think that can be avoided with prolonguing confirmation from 6 to more blocks.

That's awesome! That's why we pay you the big bucks! Wink

Again, just my point of view, but acknowledging the fact there may be an issue that requires research makes me feel a lot more comfortable about this coin's future. I think you guys have the time and the gray matter to do this right.

iamphoenix

sr. member

Activity: 244

Merit: 250

Quote from: foodies123 on May 28, 2014, 12:22:21 PM

zoe, phoenix, the fact that I responded to this means we are aware of this problem (although it's not exactly a problem but something specific to all coins with a smaller network hashrate) and we're thinking about the issue. what I posted I genuinely thought was the answer for stopping multipools but as I thought deeper I realized someone could use that to perform a double-spend attack, although I think that can be avoided with prolonguing confirmation from 6 to more blocks.

and fork the entire coin...

10 blocks in a row explain how that cannot bypass all that is MYR basic function

Topic: [ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 181. (Read 850023 times)