5 ms·
The perpetual SHA256 hashing machine... Did anybody tell 21 that pure proof-of-work hashing was just an experiment and could go the way of the dinosaur? Ether
by notsony 11y ago
The perpetual SHA256 hashing machine...
Did anybody tell 21 that pure proof-of-work hashing was just an experiment and could go the way of the dinosaur?
Ethereum, Nxt and other cryptocurrencies are already using proof-of-stake or some other hybrid process...
- DennisP 11y agoEthereum isn't using proof-of-stake quite yet, that's planned for a later version in a year or so. They're starting out with a proof-of-work algorithm that's designed to be ASIC-resistant. (It's heavy on memory bandwidth, which is already optimized in GPUs.) Not that this makes any difference to your point, of course.
- deleted 11y ago[deleted]
- woah 11y agoAre you sure?
- DennisP 11y agoYes. Here's the forum on ethereum mining: https://forum.ethereum.org/categories/mining https://forum.ethereum.org/categories/mining And a blog entry from half a year ago that describes their plans: https://blog.ethereum.org/2014/12/17/ethereum-dξv/ https://blog.ethereum.org/2014/12/17/ethereum-dξv/
- daggerhashimoto 11y agodagger hashimoto