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mad max

Mad Max is developing his own cryptocurrency

Posted on December 26, 2021December 28, 2021 by Chris Dupres

Mad Max, of the Mad Max plotter fame, has recently launched his own cryptocurrency that is sort of based on Chia, but not really. It is definitely not a Chia Fork, but it is still based on Proof of Space and Time. Interested? I know I am.

The currency is called MMX and it is based on Chia’s Proof of Space system along with Solana’s VDF. It is still very early on, but you can build and deploy a node and start plotting. Plots are not compatible with Chia, and the requirement is for K30 plots. You can use K32 plots with MMX but they still won’t be compatible with Chia.

mad max MMX node readme
mad max MMX node readme

The focus here seems to be on performance. There is no Python here with the entire repository written in C++. The target here seems to be orders of magnitude faster than Chia, and a lot of choices here seem to be made directly in response to the problems a lot of us in the community see with Chia.

There are no BLS2 signatures here to hold up Exchange support, the VDF function does not need a separate kind of node to run but simply runs as OpenCL on the node’s GPU. This seems laser focused on being used as a currency exchange, and for trading and not so much as a smart contract platform.

I am super curious about this, and will be checking it out myself. I have a ton of respect for Mad Max, as do we all, and I personally think that this is one of the most interesting developments to come out of Chia yet – including Chia itself.

Update: We have instructions written on how to build MMX from source here and I have written up my thoughts after a day of using this here.

Related

15 thoughts on “Mad Max is developing his own cryptocurrency”

  1. Chris says:
    December 26, 2021 at 9:30 am

    Sounds great. Now all I need is a Youtube video for the layperson on how to get MMX up and plotting. The notes at the GitHub link are a bit over my head. I need circles, arrows, hand-holding. Sad, I know.

    Reply
    1. Midway says:
      December 26, 2021 at 1:36 pm

      Me too!

      Reply
  2. hugomaxwell says:
    December 26, 2021 at 10:17 am

    I should clarify the timelord runs on two CPU cores (there are two VDFs running in parallel), it’s the verification of the VDFs which can optionally be done via OpenCL on a GPU.

    If you don’t have a GPU you’ll need a fast quad-core CPU or more CPU cores. Even the smallest GPUs like Intel’s HD graphics is plenty enough to verify the VDFs using just a few watts of power.

    Reply
    1. Richard says:
      December 26, 2021 at 4:10 pm

      But you can disable the timelord, hopefully I can run this on a modest dual core then…

      “To disable the TimeLord specify –timelord 0 on the command line. Alternatively, you can also disable it by default: echo false > config/local/timelord. If you have a slow CPU this is recommended and maybe even needed to stay in sync.”

      Reply
  3. Ronski says:
    December 26, 2021 at 12:02 pm

    Sounds very interesting, But unfortunately its all double Dutch with some Chinese thrown in to me. Nice Windows GUI anyone? As per Chris’s comment I need a decent guide, preferably for Windows as that’s what my main harvester runs on, only just got to grips with plotting on Linux. Appreciate its early days though.

    Reply
  4. Anonymous says:
    December 26, 2021 at 10:09 pm

    So I installed in on ubuntu under WSL2, Installed as well Cuda Nvidia support, but behavior of full node is strange. Every 10 seconds when new block is coming it use all my CPU power for a few seconds (I7 4790k) – not sure what is going on. Anyone else experiencing same problem ?

    Reply
  5. Flo says:
    December 27, 2021 at 1:27 am

    Can anyone come up with a guide on how to start plotting with this?

    Reply
    1. Chris Dupres says:
      December 27, 2021 at 5:16 am

      Working on one now

      Reply
      1. Flo says:
        December 27, 2021 at 5:18 am

        Damn. Can’t wait.

        Reply
  6. David Hajes says:
    December 27, 2021 at 4:16 am

    yet another Shitcoin that does not provide anything new just like 90+ % of coins in Cryptospace

    it reminds me Linux 20 years ago…every idiot wanted own distro, and over 90% of distros are just clones of SLS, SlackWare, Debian, and RHEL

    Reply
  7. Anonymous says:
    December 27, 2021 at 5:47 am

    Will it have premine?

    Reply
    1. Chris Dupres says:
      December 27, 2021 at 6:40 am

      No idea, still very early technology

      Reply
  8. asdf says:
    December 27, 2021 at 7:44 am

    There is already a token called mmx lol. Check out https://mmxtoken.io/.

    Reply
  9. Helmuth Varkoly says:
    December 29, 2021 at 2:11 am

    is there an discord server or telegram group allready? I’m also running a testnet_node, and the plotter is running hot

    Reply
  10. lon isaacson says:
    January 3, 2022 at 5:17 pm

    where do you download the software

    Reply

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