Thanks again for info. I didn't read it completely (stoped after finding the above mentioned) but now it seems quite close to what I was thinking about. Trying to understand quark and saffroncoin at the moment.
EDIT: obviously this area has been already explored and my question was answered.
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Topic: Multialgo coin ...? (Read 159 times)
Thanks for link.
This seems kinda different from what I had in mind. Not sure if understood it correct.
based on this
I assume you can mine with all algos simultaneously. I was thinking about complete change of algo ( like making fork each few blocks ) ...like: Mining only with sha256 for 2 weeks ... then only with x11 .. etc.
This seems kinda different from what I had in mind. Not sure if understood it correct.
based on this
...
- Any algorithm can find the next block.
I assume you can mine with all algos simultaneously. I was thinking about complete change of algo ( like making fork each few blocks ) ...like: Mining only with sha256 for 2 weeks ... then only with x11 .. etc.
Which algo you can mine with, and when you can do it depends on the coin.
For myriadcoin you can only use the same algo to mine six blocks in a row. After that it has to be a different algo.
A further measure have also been taken to secure the coin. A single algo can only
mine six consecutive blocks. This together with an advanced difficulty calculation
prevents the so called time warp attacks.
Thanks for link.
This seems kinda different from what I had in mind. Not sure if understood it correct.
based on this
I assume you can mine with all algos simultaneously. I was thinking about complete change of algo ( like making fork each few blocks ) ...like: Mining only with sha256 for 2 weeks ... then only with x11 .. etc.
This seems kinda different from what I had in mind. Not sure if understood it correct.
based on this
...
- Any algorithm can find the next block.
I assume you can mine with all algos simultaneously. I was thinking about complete change of algo ( like making fork each few blocks ) ...like: Mining only with sha256 for 2 weeks ... then only with x11 .. etc.
Some coins like quark coin and myriad coin tried that approach. There's a thread about it here.
https://bitcointalksearch.org/topic/why-did-asic-resistant-multi-algo-coins-like-myriadcoin-quark-etc-fail-1088579
https://bitcointalksearch.org/topic/why-did-asic-resistant-multi-algo-coins-like-myriadcoin-quark-etc-fail-1088579
There is quite lot of complains about huge mining farms with ASICs ruining the promising coin communities (recent bitmain A3 vs SIA can be example).
So I'm wondering if it's technicaly feasible to create POW coin which would be switching to random algo (in the way nobody could predict which one will be next) after some time ... let's say few weeks or months.
Thoughts?
So I'm wondering if it's technicaly feasible to create POW coin which would be switching to random algo (in the way nobody could predict which one will be next) after some time ... let's say few weeks or months.
Thoughts?
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