Quote from: magatoshi on July 19, 2017, 07:22:48 AM

Quote from: StealthDad on July 18, 2017, 08:32:43 AM

Nice website! I like, I like.

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Woo boy.

Day 1 mining this I was getting 250 every 2 hours.

Now I'm on the pool because of the ramp up in diff, and I get 3 every 6 hours!

Nice! I'm happy the coin is being picked up, even though I get less.

This is healthy guys.

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Join the pool if you want some of these!
Solo mine is impossible unless you have hundreds of computers.

Thanks for the support!

The ramp up in difficulty was going to happen at some point. While I initially developed the concept of brickwall technology as a humorous aspect of Magacoin, I quickly realized that the resultant incompatibility with existing miners and pools would allow for a better distribution of coinbase rewards immediately after the launch. The idea was that early adopters like you could mine with ordinary CPUs after the launch, and, by the time somebody wrote brickwall-compatible pools or GPU/ASIC solo miners, there would be enough awareness of the project to prevent a single person or two with an ASIC from dominating the mining of MAGA (especially during the early, low-difficulty days). Judging from some of the earlier posts in this thread, it was certainly effective.

The reason I decided on scrypt is its status as a well-tested algorithm in the cryptocurrency field. Perhaps a different algorithm could have afforded more time, but GPU farms and ultimately ASICs would have entered the game eventually. I didn't want to jeopardize this coin with a newer algorithm that hasn't been tested thoroughly, and ASIC resistance was never a long-term goal. A good quote from Andrew Poelstra's ASICs and Decentralization FAQ: "ASIC resistance typically involves increasing algorithmic complexity to discourage ASIC developers. However, ASIC's are still inevitable; all ASIC resistance does is increase the startup capital required and therefore increase centralization of manufacturing."

https://download.wpsoftware.net/bitcoin/asic-faq.pdf

MAGA

So far, I like all the decisions you have made.

Keep at it!

Any plans on a discord or slack?