Dev, so has it really been decided that there will be an algo change? If so, then when, and to what algo? I think that the community should have a part in these decisions - like if you do decide to switch the algo - you could let the community vote on it. A new / modified algo for KVA would also be cool (assuming that your team is capable of making such, since you plan to develop a blockchain for Key-Value data storage
).
A nicehash/asic,even GPU mining-resistent algo would be better imo. CPU only is the best.
Since I don't like, and is also too centralized the ninja mining/cloud mining all over other projects, this will be the best move for Keva.
Thanks for the suggestions and I apologize for lack of communication on this important issue. The main reason is that we are still struggling with what is the best move for the next step. We originally plan to use our slightly tweaked version of Cryptnoght R (and call it Cryptonight KV). However, that would require us to submit patches to various miners (e.g. XMRig, XMR-stak, T-rex, etc.). Since CN/R is a GPU/CPU algorithm, we need to implement support AMD, NVIDIA and CPU. It is quite a lot of work and uncertainty (not sure if the miners would accept our patches and they are moving to CPU-only RandomX). Then Kevacoin source code will need lots of changes. Unlike Monero source code, which is designed with hard-forks in mind, the Keva source code does not have support for hard-fork and we need to implement and test it. This is lot of work and testing. Honestly, we are secretly hoping that Nicehash's support for CN/R will go away, just like other older CN algorithms. We had a glimmer of hope this morning as the available hash rate of CN/R dropped to 1MHz (from 6 MHz) on the US market for a while.
However, we do agree that the CPU only is the future, and it fits our targeted developer demography, as these people normally have machines with powerful CPUs but only average GPUs. The recent development of AMD multi-core CPUs also makes CPU mining very promising. Our concern is that some of our early supporters are GPU miners and we don't want to disappoint them. But it is a fact that CPU mining is good for the long term for Kevacoin.
We will have a vote on the switch as suggested. Comments and suggestions are welcomed!