Topic: BTC halving party is over, MASS PoC takes you back to ten years ago - page 8. (Read 2116 times)
May 24, 2020, 09:38:59 PM
The first time I've seen it was when they launched a promotion I don't know if they are still running one I seen have the bounty of that MASS promotion but it never take off in the signature campaign because they are paying a hero rank with $3 worth of Mass in one week posting, it still has to prove it's worth in usage and in the market.
May 24, 2020, 09:17:57 PM
Whats the purpose of this GPU plotter?
plasterer is a fast GPU plotter for MASS. plasterer provides a way to plot spaces that are compatible with massminerd. plasterer-help cooperates with plasterer, it automatically generates config files for plasterer and initializes massminerd.
https://github.com/massnetorg/plasterer
May 24, 2020, 09:06:37 PM
Whats the purpose of this GPU plotter?
May 24, 2020, 08:52:39 PM
May 21, 2020, 03:33:09 AM
Quote
This means that anyone who has a computer running with a storage device can participate in mining the MASS. There is no requirement for expensive hardware and paying heavy electricity bills.
This is what makes MASS more desirable I guess, mining btc is not easy and requires much more sophisticated hardware and power which not very many people can afford, this will definitely attract miners to take a look at this hassle less project, and the good news is, the price is relatively fair.
You are a very senior member. So your words mean a lot. Thank you for guiding people like me. I am setting up my mining MASS. There is cool guide available on there site for this https://docs.massnet.org/en/getting-started/how-to-run-a-mainnet-wallet-node/
May 21, 2020, 03:09:02 AM
There have been a lot of PoW or PoC and even PoS recently launched but I see no successful projects, because they have no community. Most recently the only success was BTCV, they had a strong community and were followed by whales that pushed the price of coins higher every day. Therefore, in order for MASS to truly have a future and bring confidence to investors, the team needs to have a large community.
I think part of the problems is not creating sustainable & easy-to-use systems that can easily attracts lots of people, things like a thriving ecosystem, easy to use applications, network participation, to help solve most of the needs of members
May 21, 2020, 02:20:07 AM
Quote
This means that anyone who has a computer running with a storage device can participate in mining the MASS. There is no requirement for expensive hardware and paying heavy electricity bills.
This is what makes MASS more desirable I guess, mining btc is not easy and requires much more sophisticated hardware and power which not very many people can afford, this will definitely attract miners to take a look at this hassle less project, and the good news is, the price is relatively fair.
May 21, 2020, 01:56:16 AM
I joined this forum to hunt coins that I can mine and earn some reward. I am in mining sector for last 5 years and I love to find and explore new coins.
This is a great coin. Its on exchange and open for everyone to mine. May be we need another consensus algorithm in future as BTC is PoW is not doing good in terms of power consumption, reward etc. PoC defiantly has a great future.
This is a great coin. Its on exchange and open for everyone to mine. May be we need another consensus algorithm in future as BTC is PoW is not doing good in terms of power consumption, reward etc. PoC defiantly has a great future.
May 19, 2020, 05:59:59 PM
May 19, 2020, 12:25:54 AM
Easily mineable coin are surely a great way to start your journey into crypto currency. Not only they will make you understand how real mining works, they could even increase in price over the time and yield you some good rewards. I've been lucky for biblepay getting 10s of block solo mining on my PC which went pretty high after some times.
Bitcoin mining is a totally different league. It would need dedicated hardware and planning. And you can with those miner mine only the SHA256 coins.
Bitcoin mining is a totally different league. It would need dedicated hardware and planning. And you can with those miner mine only the SHA256 coins.
Bitcoin not only requires dedicated hardware but also high technical skills to mine it. Those who joined bitcoin mining sector in early days got huge profits. Joining Bitcoin mining now is not very much profitable.
MASS based on PoC (Proof of capacity) is great way to start mining. You not only learn how mining works but also earn profit. See the price chart of MASS token https://www.mxc.com/trade/easy#MASS_USDT
May 17, 2020, 10:33:30 AM
The problem is not whether the coin can be mined on the computer or not, but how the profitable. And I don't think that personal computer mining is a good idea.
May 17, 2020, 08:16:08 PM
There have been a lot of PoW or PoC and even PoS recently launched but I see no successful projects, because they have no community. Most recently the only success was BTCV, they had a strong community and were followed by whales that pushed the price of coins higher every day. Therefore, in order for MASS to truly have a future and bring confidence to investors, the team needs to have a large community.
You are right. No coin can be successful without the presence of a strong community. BTC success lies in huge community that is backing it up. In current saturated crypto market members only join a project that is profitable. With MASS registered on exchange, it's expected that its community will also increase.
May 17, 2020, 04:33:02 AM
There are many coins with POC Algorithm already but the fact is they aren't popular, who use HDD to mine coins? Can't really be compared to POW or POS algorithms, anyways team has to work on the community supports, that's one thing that many new project teams failed to do.
May 16, 2020, 11:35:22 PM
There have been a lot of PoW or PoC and even PoS recently launched but I see no successful projects, because they have no community. Most recently the only success was BTCV, they had a strong community and were followed by whales that pushed the price of coins higher every day. Therefore, in order for MASS to truly have a future and bring confidence to investors, the team needs to have a large community.
May 16, 2020, 11:24:34 PM
Easily mineable coin are surely a great way to start your journey into crypto currency. Not only they will make you understand how real mining works, they could even increase in price over the time and yield you some good rewards. I've been lucky for biblepay getting 10s of block solo mining on my PC which went pretty high after some times.
Bitcoin mining is a totally different league. It would need dedicated hardware and planning. And you can with those miner mine only the SHA256 coins.
Bitcoin mining is a totally different league. It would need dedicated hardware and planning. And you can with those miner mine only the SHA256 coins.
May 16, 2020, 11:08:41 PM
It is very interesting brother. It is true, that all related to production costs in mining especially now that half of the coins are reduced, miners only get 6.25 bitcoins as a reward for mining each block of bitcoin.
Equipment and resources are mandatory menus as our combat tools before the war. One thing I can say is that in the future, more and more must be followed because technology cannot be stopped like using an old cell phone with a new cell phone with high speed features.
Equipment and resources are mandatory menus as our combat tools before the war. One thing I can say is that in the future, more and more must be followed because technology cannot be stopped like using an old cell phone with a new cell phone with high speed features.
May 16, 2020, 07:14:48 PM
That's a good read but what's the worth of this coin and has this coin listed somewhere? These benefits are worthy only if this coin has some value otherwise there are many coins that offer many attractive offers but have zero value.
May 12, 2020, 09:45:34 PM
The day has finally arrived for the much-anticipated Bitcoin coin halving event. Now miners will get 6.25 bitcoin as a reward for mining every bitcoin block.
Initially, anyone with a computer could mine bitcoin, but it quickly turned into an arms race. Bitcoin mining now is only a concern for miners who can afford expensive mining hardware that eats too much electricity. There is no space in the bitcoin mining now for people who have an ordinary computing device.
If you are crypto mining enthusiastic and don't have expensive mining hardware don't worry there are cryptocurrencies that you can mine on your computer. One such crypto is MASS which we will discuss in the remaining part of this thread.
MASS Blockchain Consensus Engine
MASS is developed with the aim to solve the mining problem that lies in early blockchains based on PoW. It introduces a consensus engine whose purpose is to become the basic infrastructure to all blockchain consensus layers. MASS adopted the Proof-of-Capacity (PoC) consensus algorithm, this consensus algorithm help in creating a consensus layer that is permission less, fair, energy efficiency, secure, and universal while ensuring the fundamental security of the public chain.
What distinguishes MASS from other blockchain is that nodes participating in consensus process use their storage capacity to participate in the consensus process. This means that anyone who has a computer running with a storage device can participate in mining the MASS. There is no requirement for expensive hardware and paying heavy electricity bills.
Mass - shifting the mining process from expensive Miners to storage capacity.
Proof of Capacity Consensus Algorithm
This consensus algorithm is based on providing proof of storage space. Every node has to provide a valid proof of the capacity in order to submit a block to the network and claim reward. The algorithm makes it impossible for any node to generate capacity proof without having the corresponding storage size, and this proof can be verified by every node that participates in the consensus process. Block is accepted by the network only if both the block data and the proof of capacity are valid.
MASS Features
1. Permission less
Based on the Satoshi principle of decentralization, any node can join the MASS network without requiring any permission.
2. Fair
The consensus protocol makes sure that only a node having valid proof of effective capacity can generate a block. Also, the proof of effective capacity is storage medium independent, this makes all nodes of the network at the same marginal costs.
3. Energy Efficient.
Compared to PoW, MASS PoC has extremely low computing and energy consumption. There is no continuous requirement of power and storage capacity when not participating in the MASS network can be reformatted and used for other purposes.
4. Universal
Nodes in MASS network can support multiple blockchain instances in parallel as same storage space can provide valid proof of capacity to different blockchain consensus instances.
5. Secure.
All these features don't come at the cost of compromise on security. In terms of security, the MASS and PoW consensus protocols are very similar. Using the theory of Time-memory trade-off, the PoC protocol ensures the unforgeability of proofs, and together with the use of a verifiable random function ensures that the MASS system has 51% Byzantine Fault Tolerance.
Incentive
MASS has controlled inflation, as there will be 206,438,400 MASS tokens that will be ever generated in 15 different periods. Reward will be halved while moving from one period to another. The first halving will take place at a block height of
13440 and total of 1024 block rewards will be issued with each MASS block before the first halving. The miner who creates the new block through PoC mining is awarded 192 MASS as a base reward.
You can find complete detail about mass here https://docs.massnet.org/en/
Jump to: