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Topic: bitcoin will change the hashing algo and render all the BFL shit useless!! HAHA - page 2. (Read 8557 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Quote
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi


the hashing algo is sure not part of the "core design".

For all practical purposes it is.
donator
Activity: 994
Merit: 1000
new bitcoin hashing algo will use proof-of-stake and a memory-hard algo so that CPU mining will be the new thing.

This has been discussed before. the hashing procedure is not going anywhere. And even if there's a major change. Miner's can take a loss. And I doubt it will change more then 1-2 within the next 20 years.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
new bitcoin hashing algo will use proof-of-stake and a memory-hard algo so that CPU mining will be the new thing.

gavin mentioned if someone will come out with a ASIC mining solution for bitcoin it will be a sign for him that bitcoin reached a level of stability...

nice try, anyway!  Roll Eyes
hero member
Activity: 826
Merit: 500
Quote
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi


the hashing algo is sure not part of the "core design".
legendary
Activity: 938
Merit: 1000
What's a GPU?
new bitcoin hashing algo will use proof-of-stake and a memory-hard algo so that CPU mining will be the new thing.

Link me Tongue
hero member
Activity: 742
Merit: 500
new bitcoin hashing algo will use proof-of-stake and a memory-hard algo so that CPU mining will be the new thing.

Care to cite a source for your FUD?
hero member
Activity: 826
Merit: 500
new bitcoin hashing algo will use proof-of-stake and a memory-hard algo so that CPU mining will be the new thing.
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