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Topic: Moore's Law and Cryptocurrencies (Read 1373 times)

hero member
Activity: 784
Merit: 500
full member
Activity: 280
Merit: 100
The Future Of Work
March 29, 2014, 11:34:53 PM
#8
I am not quite sure on this, but I believe eduffield was the first to use moore's law at the beginning of Darkcoin's life.  His algorithm didn't work out as he planned and he had to adjust it.  You can read about the birth of Darkcoin in a little post he made here:

https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/#post-1002

I believe he only used the algorithm in order to smoothly reduce the rewards instead of the way bitcoin reduces the rewards every 4 years I big steps.  Not really anything to do with future technology, but I could be wrong Smiley
newbie
Activity: 56
Merit: 0
March 29, 2014, 08:48:26 PM
#7
I think the new knowledge and science is to find a breakthrough in the face of suffering in, the only way we can continue to progress.
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
March 29, 2014, 07:33:17 PM
#6
I've seen some coins here talk about using Moore's Law in difficulty calculation. The thing is, Moore's Law will no longer be applicable in a decade or two. The phenomenon of quantum tunneling prevents transistors from getting small enough to meet the predictions made using Moore's Law.

Are coins developed with this in mind? If not, their difficulties might rise beyond intended levels. Perhaps the magnitude of the rise would be negligible?

I think as computers evolve, cryptocurrencies will evolve. Difficulty algos can always be tweaked.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 29, 2014, 06:25:31 PM
#5
We will replace it with Doge's law



Wow.
What does that mean?
legendary
Activity: 1260
Merit: 1000
March 29, 2014, 06:22:15 PM
#4
We will replace it with Doge's law

sr. member
Activity: 326
Merit: 250
March 29, 2014, 05:16:51 PM
#3
The new 3D transistors might keep increasing computer power for a while yet.

http://www.zdnet.com/blog/btl/intel-moores-law-has-been-cubed-welcome-to-3-d-transistors/48216
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
March 29, 2014, 05:05:46 PM
#2
Self-bumping in search of knowledge.
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
March 29, 2014, 05:30:48 AM
#1
I've seen some coins here talk about using Moore's Law in difficulty calculation. The thing is, Moore's Law will no longer be applicable in a decade or two. The phenomenon of quantum tunneling prevents transistors from getting small enough to meet the predictions made using Moore's Law.

Are coins developed with this in mind? If not, their difficulties might rise beyond intended levels. Perhaps the magnitude of the rise would be negligible?
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