this coin is dead even before starting, the concept of excluding mining pool is revolutionary, but the block time delay, the difficulty will lead into everyone abandoning the coin, because only a big farm will eventually mine the coin, why would a normal person with simple hashrate keep spending electricity and money in 0 coins?
if the distribution was more equally distributed (i don't mean everyone must receive coins, but there is a big difference in the current system where someone get all, and everyone else get zero)
on telegram you are focused only on your idea, without listening people, and remember that people are the community, bitcoin would be nothing without community supporting it, remember that.
Topic: [ANN] - DeadPoolCoin - A Bitcoin mining pool killer (Read 187 times)
MINING POOLS BELOW:
We challenge the community to try and make a mining pool for DeadPoolCoin.
If you succeed, the coin is instantly dead.
Good luck!
We challenge the community to try and make a mining pool for DeadPoolCoin.
If you succeed, the coin is instantly dead.
Good luck!
Is there no official Discord yet? Everyone is welcome to join my community Discord to discuss DeadPoolCoin. The link is: https://discord.com/invite/F6JGyEw8ad. Then, head over to the DeadPoolCoin channel: https://discord.com/channels/1296640366367342654/1330341295226617997
This innovative algorithm turns Bitcoin into a pure decentralized system. Public mining pools cannot exist.
https://www.deadpoolcoin.org -> Community will build website
https://explorer.deadpoolcoin.org
Announcement has already been made on the following social media platforms:
https://www.twitter.com/DeadPool_PoW
https://t.me/DeadPoolPoW -> Come here to get one utxo to start mining
https://github.com/deadpoolcoin/DeadPoolCoin
Satoshi's original Bitcoin has become very mining centralized.
DeadPoolCoin forces all miners to solo mine by using a two stage approach.
Stage1 and Stage2 mining eliminates mining pools from Bitcoin.
Stage1:
Only needs one utxo (at least 1 satoshi) and solution trivially found.
Once a wallet has at least 1 mature satoshi, the PoW mining starts in Stage2.
Stage2:
Where all the PoW mining happens.
Continuously signs and hashes using the key obtained from Stage1.
Since all the work requires knowledge of the private key from Stage1, only miners that
have the private key can mine. This eliminates mining pools from forming as no sane person
would ever reveal their private key to another.
Other chains have relied too heavily on the use of too many utxos for mining.
DeadPoolCoin eliminates mining pools while being a nearly pure PoW chain!
2 unique utxos will be near optimal for each mining wallet as the miner ping-pongs between mature utxos.
If you think you can mine 6 consecutive blocks in the chain, you will need 6 utxos.
If you think you can mine 1000 consecutive blocks in the chain, you will still only need 6 utxos.
All work is PoW, more than 2 utxos will not give any benefit for most miners.
Come join Telegram https://t.me/DeadPoolPoW to get utxos to start mining.
https://www.deadpoolcoin.org -> Community will build website
https://explorer.deadpoolcoin.org
Announcement has already been made on the following social media platforms:
https://www.twitter.com/DeadPool_PoW
https://t.me/DeadPoolPoW -> Come here to get one utxo to start mining
https://github.com/deadpoolcoin/DeadPoolCoin
Satoshi's original Bitcoin has become very mining centralized.
DeadPoolCoin forces all miners to solo mine by using a two stage approach.
Stage1 and Stage2 mining eliminates mining pools from Bitcoin.
Stage1:
Only needs one utxo (at least 1 satoshi) and solution trivially found.
Once a wallet has at least 1 mature satoshi, the PoW mining starts in Stage2.
Stage2:
Where all the PoW mining happens.
Continuously signs and hashes using the key obtained from Stage1.
Since all the work requires knowledge of the private key from Stage1, only miners that
have the private key can mine. This eliminates mining pools from forming as no sane person
would ever reveal their private key to another.
Other chains have relied too heavily on the use of too many utxos for mining.
DeadPoolCoin eliminates mining pools while being a nearly pure PoW chain!
2 unique utxos will be near optimal for each mining wallet as the miner ping-pongs between mature utxos.
If you think you can mine 6 consecutive blocks in the chain, you will need 6 utxos.
If you think you can mine 1000 consecutive blocks in the chain, you will still only need 6 utxos.
All work is PoW, more than 2 utxos will not give any benefit for most miners.
Come join Telegram https://t.me/DeadPoolPoW to get utxos to start mining.
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