Quote from: blasthash on April 24, 2014, 04:04:51 AM

Quote from: neuroMode on April 24, 2014, 03:21:42 AM

Have you heard of multi-PoW coins?

Myriadcoin can be mined using SHA256, Skein, Scrypt, Groestl, OR Qubit (5 algos total)

Each algorithm is designed to receive 1/5 of total block rewards. Difficulties for each algorithm are independent of each other.

This means that SHA256 ASICs are only competing against SHA256 ASICs for 1/5 of the coins. At home miners on Groestl for example only compete with other Groestl miners for 1/5 of the coins.

It's an incredible new concept that can utilize ASICs for network security while still allowing rewards for the little guy.

How much network utilization is on each algo, ballpark estimates for difficulties and yields?

I'm not someone with incredible compute power yet, nor do I have the expertise yet to set up miners for the other algos (Scrypt/SHA256, yes, the others, no) and would prefer to get started using some no-frills details. SHA256 though seems cannibalized, so I don't want to jump into something I'm not likely to see yields on.

Take a look here for the current difficulties: http://myriad.theblockexplorer.com/

One of the devs benchmarked the GPU algorithms (Skein, Groestl, Scrypt, and Qubit) to tell you how many coins you should get based on your normal SCRYPT mh/s.

The whole point of Myriadcoin is that if you mine Skein with your GPU, you are only competing against other Skein for Skein's 1/5 total Myriad block rewards. Each of the 5 algorithms are separate, so ASICs on SHA256 are only affected when more SHA256 miners jump on Myriad.