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New MNC Algo


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#1 -Jt

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Posted 25 September 2013 - 12:10 PM

So is it true that RealSolid is working on updating Mincoin with a new algo, and what's the timeline and details around this?

I wonder what else is in the works for MNC?


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#2 CC66

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Posted 25 September 2013 - 03:00 PM

Did he say something along those lines buyall?   



#3 podizzle

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Posted 25 September 2013 - 03:06 PM

no timeline or details but yes  RS did say he planned on making a new algorithm for MNC that allowed better CPU mining like solidcoin 2.0.


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#4 SuperTramp

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Posted 25 September 2013 - 05:54 PM

So is it true that RealSolid is working on updating Mincoin with a new algo, and what's the timeline and details around this?

I wonder what else is in the works for MNC?

 

 

There has been a lot of discussion on this subject. We all feel it would give MNC a "new" advantage over the plethera of coin-clones that came after it, but details still

need to be worked out as to whether or not this is in fact a viable option. From a technical standpoint it is a bit more complex than simply releasing an "updated"

client.


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#5 raspi

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Posted 25 September 2013 - 10:52 PM

So, MNC is by RealSolid like SolidCoin/Microcash.

 

So to position MNC as a digital commodity and SC/Microcash as a digital currency  = digital form of fiat.

 

But where does bitcoin fits in? is bitcoin more of a digital commodity? if so, isn't every alt-crytocoin a digital commodity? if yes or no, why is MNC the first digital commodity?

 

 

Sorry, confuse newbie here.



#6 necom

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Posted 26 September 2013 - 12:23 AM

So, MNC is by RealSolid like SolidCoin/Microcash.

RealSolid was not the original developer of MNC. He has been helping with it over the last months when asked, from what I've seen, and now he appears to be getting more directly involved, but I honestly don't know the details on that.
 

So to position MNC as a digital commodity and SC/Microcash as a digital currency = digital form of fiat.


MNC is definitely more poised as a commodity, as are BTC, LTC and most (all?) of the others.  Microcash is intended to tamper with the realm of an actual digital currency.  

 

There are many factors here, but among them are speed of transactions, stability of value and security of the currency and its network.  Microcash is attacking all of those and more.  (Sorry for the bad summary.. maybe it helps some.)



#7 Me123itisme

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Posted 26 September 2013 - 03:03 AM

so is a new logo in the works? something more proffesional, what ppl would take more serious



#8 kamen

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Posted 26 September 2013 - 04:28 AM

I have seen the new logo, and its quite nice and professional looking. But I forgot the link.



#9 miffman

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Posted 28 September 2013 - 06:33 AM

Yeah it is coming soon, no proper deadline though



#10 CC66

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Posted 29 September 2013 - 06:39 AM

Definitely something to look forward to!  RealSolid seem to be top notch when it comes to programming.



#11 ropyu1978

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Posted 29 September 2013 - 11:38 PM

good algo



#12 RavageTheEarth

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Posted 30 September 2013 - 12:35 AM

Very cool! Did not know this.



#13 sva_h4cky0

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Posted 01 October 2013 - 04:34 AM

no timeline or details but yes  RS did say he planned on making a new algorithm for MNC that allowed better CPU mining like solidcoin 2.0.

you mean MNC become GPU resistant? last day im doing lil test, mining SC with CPU, but only get 1 block for 24H :D :D :D

 

I have seen the new logo, and its quite nice and professional looking. But I forgot the link.

i hope you remember the link, i wanna seeee it :lol:


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#14 necom

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Posted 01 October 2013 - 04:53 AM

you mean MNC become GPU resistant? last day im doing lil test, mining SC with CPU, but only get 1 block for 24H :D :D :D

 

SolidCoin is not "GPU resistant".  In fact, the original (or at least early?) proof of mining on GPUs was proven by mtrlt when he made Reaper, if I know my history right.  Reaper came out for SC first and was then used to make other scrypt-based mining possible on GPUs.  I'm pretty sure that's at least close to right. :P

 

Anyway, if anything, MNC might take on some of the SC hashing algorithm DNA, which doesn't make it GPU resistant, but does have much better CPU hashing performance.  My guess on the mining software is then pointing towards Reaper since it's already on track for SC mining.

 

...these are unofficial notes on the subject based on stuff I've pieced together over a while.  



#15 sva_h4cky0

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Posted 03 October 2013 - 04:20 AM

SolidCoin is not "GPU resistant".  In fact, the original (or at least early?) proof of mining on GPUs was proven by mtrlt when he made Reaper, if I know my history right.  Reaper came out for SC first and was then used to make other scrypt-based mining possible on GPUs.  I'm pretty sure that's at least close to right. :P

 

Anyway, if anything, MNC might take on some of the SC hashing algorithm DNA, which doesn't make it GPU resistant, but does have much better CPU hashing performance.  My guess on the mining software is then pointing towards Reaper since it's already on track for SC mining.

 

...these are unofficial notes on the subject based on stuff I've pieced together over a while.  

 

i though Litecoin was the first "victim" of Reaper, LOL :lol: :lol: :lol: , but i dunno since im n00b :D

even if MNC have better CPU hashing performance, GPU still outperform CPU, so i think its pointless imo. <_<


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#16 necom

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Posted 03 October 2013 - 04:55 AM

TBH, I need to do more research and get my history straight.  I intend to document a lot of this stuff, but that takes a lot of time -- which is in shorter supply than I'd like.



#17 sdf

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Posted 06 October 2013 - 04:59 PM

If MNC goes off scrypt, the only way it will survive is if someone writes a GPU miner for it that is completely and utterly flawless.

 

In my opinion, I think that would be a horrible decision.



#18 SuperTramp

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Posted 07 October 2013 - 05:55 PM

If MNC goes off scrypt, the only way it will survive is if someone writes a GPU miner for it that is completely and utterly flawless.

 

In my opinion, I think that would be a horrible decision.

 

Actually, the hashing algo switch that was being discussed was that of the SolidCoin hash. Reaper already supports this algo with GPU mining. :)


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#19 necom

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Posted 08 October 2013 - 05:18 PM

Taking MNC off of straight scrypt wouldn't hurt a thing. There are so many GPU rigs out in the wild that it should flourish as all the FPGA's descend upon the scrypt coins.  I still love the idea.



#20 sdf

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Posted 09 October 2013 - 08:20 AM

Taking MNC off of straight scrypt wouldn't hurt a thing. There are so many GPU rigs out in the wild that it should flourish as all the FPGA's descend upon the scrypt coins.  I still love the idea.

 

I will just have to write an FPGA for whatever algorithm we choose then :)

 

But what is the point of changing it? do we just change the algorithm once we decide there are too many people mining it?






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