MonetaryUnit (MUE) Quark-based alternative cryptocoin

11 Oct
2014

mue-logo

MonetaryUnit (MUE), a cryptocurrency with true libertarian and egalitarian values. An attempt to make accessible to all not just the developed world. Designed to stop the hardware arms race and a cease fire on market price manipulation. Environmentally responsible as does not rely on powerful computing. Truly decentralized as no big incentive for mining farms or mining pools as mining reward limited. Mu, from the Egyptian hieroglyphic symbol for water. Mu, from the Japanese term to not have or be without. MUE, metamorphosis of conventional and digital currencies. MUE, a MonetaryUnit for all, me, you, everybody. Financial freedom for all, as life giving as water. Accessible to all, so no one will be without.

Website:
– http://www.monetaryunit.org/

Block Explorer:
– https://chainz.cryptoid.info/mue/
– https://chain.muewallet.com/

Coin Specifications

  • Quark Algorithm
  • 40 second block times, 10-block difficulty retargeting, Virtually unlimited coin supply (1 quadrillion cap)
  • Increasing block rewards from 0.025 MUEnits to 40 MUE per block at 40,000 Block (~18.5 day intervals)
  • Transactional Messaging in Wallet for simple blockchain based messaging

Wallet:
– Windows

Source Code:
– at GitHub

Ports:
– RPC Port: 29947
– P2P Port: 29948

Mining Pools:
– http://www.exapool.com/
– http://p2pool.e-pool.net:8963/static/

Coin Exchanges:
– Bittrex
– YoBit

Updated Windows Binary for the New sgminer 5.0

10 Oct
2014

sgminer-50-windows-latest

It has been a while since we have compiled a windows binary of the new sgminer 5.0 based on the latest (source) as it seems that the version 5.0 is already out of beta. The sgminer 5.0 is trying to provide an unified and feature-full GPU miner by integrating the kernels for mining various crypto currencies in a single miner, including support the latest algorithms. Do note that the kernels included with this release may not be the fastest out there in terms of performance for X-based crypto currencies as there my be other forks that offer higher performance. This is just a windows binary that we have compiled from the latest source, so if you are using the official sgminer and not some fork you might want to check out the latest version.

– You can download and try the new sgminer 5.0 beta for GPU Mining on Windows OS here…

What is Going on With Mining Asics Technologies

10 Oct
2014

mat-scrypt-asic-mining

Now, if you are thinking that the situation with Alpha Technology and their Viper Scrypt ASCI miners still not shipping, what should you think about the situation MAT (Mining Asics Technologies). According to the new information released by the company they have received their first ASIC chips at the beginning of August and by the end of the month and early September they were already releasing videos of some of their products hashing. On the company’s website we’ve seen an estimated shipping date announced as 15.09.2014 for the smaller Scrypt ASIC miners and “estimated shipments Q3 of Year 2014” for the first batch of devices from the more powerful units.

On 19.09.2014 MAT has released a news update stating that the after some delays the “shipping for our first customers will start on 26.09.2014”. On 08.10.2014 there was another news update saying that the company has already started shipping the previous week, however they have apparently found a software bug that they need to fix and are stopping the shipments meanwhile with a promise to maybe start shipping again next week. Now, why would they need to stop shipping if it is a software bug, it has been a while since all of the more serious ASIC crypto miners can be software (firmware) updated by the user. Furthermore how and why they find a software bug after a bit over a month of testing that they should have already been done since they got their first miners working. It all seems like they are buying some time as nobody has yet reported of receiving a miner from them, and if somebody did get a unit if it had a serious problem that needed manual intervention from MAT that would mean the device need to be sent back to them for a fix.

As you would expect from an ASIC manufacturer the communication with customers is lacking, we are used to seeing this, even though this is clearly not the right way to go and treat your customers that have paid you thousands up front. No wonder that people are not happy, but then again we are seeing a similar situation with other companies such as Alpha Technologies or even KnCMiner, not to mention BFL. Clearly if companies in this business want to keep their customers happy and returning for more they need to be more open and responsive to customer questions, not to mention that they should not give promises that they might not be able to keep. Keeping your customers in the dark, not keeping promises and delaying your hardware without a detailed and on time explanation is clearly not the right way to do business in the crypto currency world.

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