Topic: [ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 208. (Read 850037 times)

I want the future to be fair

We all love Bitcoin and Litecoin, but they're not fair. Having to pay $5,000 for a machine that will break you even, if your shipment arrives on time, is not fair. The fact that the operator of a pool can get so close to 51% of the nethash is not fair. In fact it's dangerous. We shouldn't be trusting people with power, we should be trusting cryptography. I like what Vertcoin, Groestlcoin, Darkcoin, Execoin, and Groestlcoin stand for: trying to keep GPU mining alive and fending off the ASICs as long as they can. Certainly, it's cheaper, easier, and a less risky investment to get a GPU rig up and running than it is to jump on the ASIC train, but I think we can do better than that. GPUs are everywhere, but you constantly need to upgrade to the next model and who do you buy from? ATI and Nvidia, these are the only makers of profitable cards. Not exactly decentralised. Not to mention the wastefulness of resources being poured into all the redundant hardware components of a GPU mining rig that aren't necessary for hashing, but they do make entry into mining more expensive.

I think we can do better than that and I think Myriad can do better than that. We can have a coin with 5 mining algorithms. A coin that already taps into the Bitcoin ASIC market, and the Litecoin ASIC market, while still leaving room for the GPU miners and the CPU miners. Maybe some day there will be ASICs for all of the Myriad algorithms, but whoever comes up with a product will have to be pretty competitive because they're up against the existing ASIC markets and the GPU/CPU miners on an even playing field. I welcome diversity of hardware and competition. Imagine a world some day where anyone can pick up an ASIC for twenty bucks and keep it running in exchange for a few bucks profit a week. A free coke every week. Or maybe a chance to really help out putting food on the table if you are among the world's most poor. That to me sounds like a much safer network, and I don't know of any other coin that's had serious thought put into its design about how we'll get to this world some day.

Long live the Myrtopia.

Taken from: http://www.reddit.com/r/myriadcoin/comments/259xqk/i_want_the_future_to_be_fair/

yes

all miners have a readme with everything you need to know 

 So I basically need to change "kernel": "groestlcoin", to "kernel": "myriadcoin-groestl", correct? I assume the -k is kernel setting.

sgminer -k myriadcoin-groestl -o : -u -p -I 19 -g 4 -w 64

source: https://bitcointalksearch.org/topic/m.5246799

 Can anyone tell me what changes I need to make to the miner to go from Groestlcoin to Myriad Groestl?

OP updated.

Updated

yeah devs, you should.

Right now it switches algos by starting/stopping the different miners. If/when there's a multiport pool for every algo, I can tweak the switcher to switch pools in the miner
But yeah, the miner needs to know which algo to run for each pool/port.
I don't even know if the miner can swap algos seamlessly, if that's even possible

Devs, could you update to OP page and add myrsk.nut2pools.com (skein algo, 0% fee atm, 1% later on.)

I really like how things are starting to heat up now

Thanks.
Got another miner on now, he found block 2/40. Congrats!

Ill switch over to you guys for a while at least to spread the hash around I got like 6,000-7000Mhash with Skein so yayyy.

Megalol! no wonder im all alone!

To prevent me beeing any more lonely im putting up an reward!

100MYR block reward for the next 40 blocks on nut2pools, starting from NOW!  

WINNING!

Wait this coin Outbreak

So have you ever done a facepalm that was soooooo big that you pinch yourself to see if you are awake? Like those dreams where your at the office nekkid and you think "I MUST be dreaming"? Well, i just pinched myself and i'm definitely awake...  Whilst i'm not naked at the office (i have my boxers on) i DID forget to open the firewall to the public! 

I saw a load of users had registered and thought "why the hell would you register and not mine??" DOH!!!! Then i remembered i opened it up just for Svennands IP for testing purposes.

So, i'll try again - SKEIN POOL OPEN (now with firewalls opened and everything!!) 

Nope, algorithms have no idea that there are other algorithms on the chain, they each target a 150 seconds block so divide that by 5 and you get 30 seconds average per block on the whole chain. it's nice

Vnezapno: My understanding is that each algo has a target of 2.5 minutes, and they're all out of sync by about 30 seconds. So their difficulties are irrelevant. If one algo gets a spike in hash rate the block will be found faster than 2.5 minutes and I guess it's theoretically possible it will be ahead of the algo scheduled to find the next block? But no, the coin with the lowest difficulty has no chance to find all of the blocks. It will always average out to close to 20% of the blocks per algorithm.

Hey fellas please help me understand how is it possible ?
"On average, each algorithm has the same chance of finding the next block."
Isn't the chance of finding next block mainly belongs to algorithm which has the lowest difficulty ?