We respect your views, we have no problem in using any algo.
We are ready to upgrade but it would be great if we can increase network security and decrease impact on environment. There is nothing wrong in discussion.
Members pls submit your inputs:
Problem statement: Creating robust, secure, energy efficient and decentralized blockchain network.
For full thread pls see:
https://forum.dero.io/t/creating-robust-secure-energy-efficient-and-decentralized-blockchain-network/405/2
Pls consider following points before:
ASIC,FPGA,GPU,CPU mining pros/cons
Asics are more enerzy efficient.
GPU are for gamers and inefficient.
Asics brings centralization.
Asics are not available to everyone.
General available low costs asics in market, if any.
Can any algo/FPGA design help to solve the issue.
Is there any other design which can bring good solution.
Is forking every six months to combat asics feasible/good/bad.
What about hidden asics/technologies not open in market ?
Are hidden/undisclosed asics better for network than open/available asics/technology.
…
…
…
We are looking for future and would like to address this issue since beginning.
We are dedicated to the project and ready to invest time and resources to create one of the best blockchain technologies.
Looking back at the problem from 3-4 years in future.
Pls submit your views.
Its not technological problem alone as several users like @Magicsmoker commented.
Note: You need not register on forum and can reply here.
We are ready to upgrade but it would be great if we can increase network security and decrease impact on environment. There is nothing wrong in discussion.
Members pls submit your inputs:
Problem statement: Creating robust, secure, energy efficient and decentralized blockchain network.
For full thread pls see:
https://forum.dero.io/t/creating-robust-secure-energy-efficient-and-decentralized-blockchain-network/405/2
Pls consider following points before:
ASIC,FPGA,GPU,CPU mining pros/cons
Asics are more enerzy efficient.
GPU are for gamers and inefficient.
Asics brings centralization.
Asics are not available to everyone.
General available low costs asics in market, if any.
Can any algo/FPGA design help to solve the issue.
Is there any other design which can bring good solution.
Is forking every six months to combat asics feasible/good/bad.
What about hidden asics/technologies not open in market ?
Are hidden/undisclosed asics better for network than open/available asics/technology.
…
…
…
We are looking for future and would like to address this issue since beginning.
We are dedicated to the project and ready to invest time and resources to create one of the best blockchain technologies.
Looking back at the problem from 3-4 years in future.
Pls submit your views.
Its not technological problem alone as several users like @Magicsmoker commented.
Note: You need not register on forum and can reply here.
The asics coming to market is DERO's chance to absolutely steal the spotlight from all the other anon coins. Sure everyone has forked/cloned cryptoknight and tweaked it to make cryptoknight heavy/ cryptoknight lite, but I don't see many people actually innovating in a way that keeps the asics at bay once and for all.
Dero should make a algorithm that randomly generates a new algorithm each block. It sounds crazy but I have faith in the Captain's abillity to code. He was able to re-write an entire protocol in a new language in 3 months. This guy is an expert in cryptography and algorithms so creating something totally unique isn't a question of can, its a question of will or won't.
Also this algorithm shouldn't be unnecessarily fancy, it should just be an algorithm that can keep the asics at bay FOREVER. Designing this kind of algorithm will cause massive interest in dero because of the technical feat that it was to create. Most crypto dev teams aren't skilled enough to create something like this so it will really make dero shine in comparison to its competition. Then when the virtual machine is dropped on top of a network with its own super unique algorithm that has utility, everyone will sing dero's praise from the bears on the mountain top to the bees in the valley.
), it will be definitely an issue for FPGA/ASIC. 