Topic: [MASS] Decentralized HARD DRIVE mining cryptocurrency | PoC | Low Energy cost - page 26. (Read 9360 times)
March 06, 2020, 02:52:14 PM
I have 2 old PCs and a spare internet connection. I am thinking of setting up a mining rig for this coin. I am sure I will get a good surprise in the end, if not its not a huge investment.
March 06, 2020, 02:38:17 PM
This looks like an interesting project. Hopefully, the dev(s) will update the ANN thread with more information and details soon. What is the minimum HDD space to run the wallet, miner, and node?
I don't think you need some massive HDD to start mining. May be this one can be useful for you if you want to start mining this coin
"For the test network, During the Testnet, users need to have a computer connected to the internet, a storage medium (e.g. a hard drive), the full-node client for MASS, and Full Node Client for Testnet running on, and a 64-bit Linux or macOS operating system that is capable of running the MASS full-node client. Other than these, there are no other specific requirements besides. For a more detailed guide, please refer to the MASS project documentation.
For the main network, follow the instructions in the MASS full node client and the full node wallet configuration manual." Source
March 06, 2020, 02:29:29 PM
Count me in since this is also supporting Linux OS for mining. I don't think anyone will risk his MAC machine for mining but anyone having an old computer can set it up for mining on Linux OS. Many Linux enthusiastic will join this .
March 06, 2020, 02:29:09 PM
This looks like an interesting project. Hopefully the dev(s) will update the ANN thread with more information and details soon. The website is very vague. The Telegram channel is also small (200 members) with little to no contact from anyone except people asking questions. What is the minimum HDD space to run the wallet, miner, and node?
March 06, 2020, 02:19:52 PM
MASS coin is not on exchange right now. Fine.
Is there any utility of MASS coin now? like can I use it somewhere? like paying my restaurant bill or buying some stuff online.
Is there any utility of MASS coin now? like can I use it somewhere? like paying my restaurant bill or buying some stuff online.
March 06, 2020, 02:16:03 PM
The good thing is you can get everything at one place. https://massnet.org/en/download. The wallet, miner and mainnet code.
Can you change the default language of miner to English? it is Chinese right now.
March 06, 2020, 02:09:30 PM
I seriously don't have much understanding of the technical details of blockchain. The idea just clicked me that I can mine coins using my computer and hard disk. So I am getting started with this. Hope I can get some good return.
March 06, 2020, 02:02:08 PM
During the initialization phase, a series of data is generated according to the protocol and is saved in the storage capacity. When a new block is to be generated, a part of this stored data is revealed based on the value of a random number. This data is then used to generate a proof, and the node is able to compete for the next block. The process consists of five stages: initialisation, block building, block reception, main chain selection, and punishment mechanism. (Source)
I can see that this consensus algorithm can solve the issues of scalability (since this all won't take much time) and security. Rest admin can you explain how this can help in achieving decentralization?
I can see that this consensus algorithm can solve the issues of scalability (since this all won't take much time) and security. Rest admin can you explain how this can help in achieving decentralization?
March 06, 2020, 01:55:14 PM
It reminds me of time when bitcoin mining was done on computers and very few took it seriously. I don't know how this will perform in the future but it's also free right now. Are we missing another opportunity?
March 06, 2020, 01:43:24 PM
PoW backing the BTC has some serious limitations and has reached the point where we have to think of some alternate consensus algorithm. PoC may be one good replacement for PoW/PoS, one thing is clear that PoW cant handle massive rallies like the one witness in Dec 2017.
March 06, 2020, 01:38:37 PM
are you kidding? to keep your network secure, you need more hash power and here you say you can mine using hard disk of your computer. It must be a scam type of thing I would say.
Every new innovation faces criticism at the start. Remember satoshi's invention was rarely welcomed by anyone in early days. It will take some time for people to understand that mining can be decentralized.
March 06, 2020, 01:30:32 PM
are you kidding? to keep your network secure, you need more hash power and here you say you can mine using hard disk of your computer. It must be a scam type of thing I would say.
March 06, 2020, 01:24:58 PM
This is an interesting project. You much also try to generate funds from private investors. Don't rely on ICO crowdfunding only. The more options you have better are your chances of success. good luck
I would say those who are launching their projects right now have really strong nerves. ICO market is down and it will be very challenging to have success in the ICO market.
Quote
Do or Do not do it, there is no try - Yoda.
March 06, 2020, 08:02:14 AM
Is anyone verified the softwares if it's clean? Looks like risky to install in personal computers.
I installed it and working fine at my end. no spyware/malware.
The default language is Chinese you can change it to English.
happy mining.
March 06, 2020, 07:59:05 AM
Check out their punishment mechanism, it's simple compared to PoW/PoS.
Punishment mechanism
If the miner receives two block headers containing the same proof and the same height, it proves that the miner is mining in multiple forked chains. Then the miner builds a punishment proposal in the coinbase transaction, which contains two different block headers and outputs a punished pk.
If this block is added to the main chain, then all miners extract blacklist from the main chain and add this pk to the local blacklist
Punishment mechanism
If the miner receives two block headers containing the same proof and the same height, it proves that the miner is mining in multiple forked chains. Then the miner builds a punishment proposal in the coinbase transaction, which contains two different block headers and outputs a punished pk.
If this block is added to the main chain, then all miners extract blacklist from the main chain and add this pk to the local blacklist
March 06, 2020, 07:53:05 AM
Is anyone verified the softwares if it's clean? Looks like risky to install in personal computers.
March 06, 2020, 07:49:59 AM
Nodes use storage capacity to run the consensus protocol and do not require permission. The MASS consensus engine is fair and energy efficient; only a very small amount of computing resources are required, meaning everyone has the chance to participate. MASS Docs
This is very innovative.
We only need hard disk on our computer to start mining, no ASIC, no expensive graphic card.
Whoever thought that mining can be done in that way?
This is very innovative.
We only need hard disk on our computer to start mining, no ASIC, no expensive graphic card.
Whoever thought that mining can be done in that way?
March 06, 2020, 07:31:29 AM
The biggest advantage of PoC over PoW and PoS is that it lowers the entry barrier for miners and makes the mining process more decentralized, secure and reliable. I hope it will remain decentralized even after value of your coin increases?
March 06, 2020, 07:17:51 AM
ok, so you are making mining decentralized which means anyone can participate in mining process.
can you please tell me on which exchange your tokens are listed and was the worth of these tokens which I will get after mining?
can you please tell me on which exchange your tokens are listed and was the worth of these tokens which I will get after mining?
March 05, 2020, 02:02:24 PM
I am following this project now, hoping something good comes out of this.
Just one quick question, is this project run on ICO or IEO?
there is no ico no premined no treasury, no nothing, it will be mined from zero.Just one quick question, is this project run on ICO or IEO?
Jump to: