Direct CPU POW mining usually becomes impossible when the price of a cryptocoin rises a lot due to Botnet attacks, leaving CPU miners few blocks to mine. However, it becomes feasible when CPU POW mining becomes unprofitable (, such as when the block rewards set to very low or when the cryptocoin drops to a very low price, and competing Botnet leaves.)
Any BallonaFide (BonaFideFree) app user can take advantage of CPU-mining, at this moment only Joicoin Bastion wallet-mining is possible and recognizable in the blockchain to be credited to Incentivized-multiplier for more J-point rewards; therefore, unprofitable mining could become profitable and be rewarded.
You can set up Joincoin Bastion (POW) wallet-mining during the low-difficulty mining period, running for one month, mining a block and leave, and coming again in 1-4 months ( of the index period, depending on the amount of users) to meet the requirement to continue Incentivized reward. The system penalizes mining more than one block for the index period leaving the chance for other users to mine a block.
So I use to mine this coin 2 years ago as experiment with my PC, now because I got a few PCs always on I was thinking to mine again but the coin seems to be down, any chance to work again in the future ?
as of right now it might be a long time, its not working for us lower folks but its working for Vitalik_Pedik and the higher end pc users because of a bug he found so we have to wait for a patch.at this rate maybe next year if we're lucky
Rather next century. Poor cpu coins infected by pane' botnets. Any gpu botnets around?
Hi all,
We can solve the $million question right here.
Isn't it true that there is nothing(- any structure, computer, cryptos network) in this world that cannot be hacked by more power machines or structures, computers, or hackers. Anyone is vulnerable. The best way to avoid it is to make any such actions worthless and definitely not profitable.
Yes. Keep both mPoW & mPoS but make mPoW block rewards as Zero plus transaction fees ( which is 3 DOGEs to withdraw DOGE from Cryptopia, much much lower than BTC or ETH.)
Now, you have the best of all three worlds. Wallet-mining, Attracting regular public users of cryptos (who do not want to bother with this kind of mining issues and have zero tolerance for doing mining thru additional non-wallet mining softwares which are too sophisticated for them) and the Incentivized affiliate system to keep these regular users stay engaged. Such a one smartphone-one account free Faucets/games App would be maintained by donated corresponding cryptos.
Any one signs up to the incentivized rewards by doing such as mPoW mining (to own wallet and wallet "index" address to prove that he/she contributed to mining and maintaining the network activity and to get rewards sent to the index address to avoid borrowing from someone else's mining activities. Only a quota of a few millions are allowed to sign up this kind of incentivized rewards (because these reward-related transaction activities alone would use up all your network power.)
The PoW_wallet_mining gives a user extra reward (Rw) for mining 1 to K blocks for past (say "Index Period" of) 1-4 months; however, the exact reward would be only Rw/K by penalizing having more than one block during the Index Period. Any miner is expected to only mine one block and get lost and come back a few months later to mine another block. Because of the apps being based on "one smartphone-one account", it is less likely to be abused.
The best part of the app is to make every user run his/her campaign, promoting corresponding cryptos in the market place or even charity for self. Every one and his/her activity is decentralized and himself/hersef is enpowered. There is no "Governors of banks or masternodes" to decide what you should do.
There is not a single crypto that can do it this way yet. Also my coming app, ready in one moth, is only related to Coino (CNO) and Joincoin (J) at present. Only a user doing Joincoin-wallet-mining with Bastion-algo will be counted at present.
With all these CPU-mining-incapability issues, since the beginning of BTC, a change is needed to make the world better, making cryptos use for everyone possible, just like the beginning of good old days when we started to have emails for every one.
