What do you think - is it possible that BTC will change mining algoritms in future? For example to proof of capacity or proof of stake? Classic mining is on it's way to "death", isn't it? It comes out in over-wasting resources even in terms of altcoins sometimes, what to speak about BTC....maybe this is the way? Otherwise, the last block of BTC may never me mined...
I actually have no idear what the future will bring, but i doubt we'll see an algo change in the near future. Even a discussion about how to solve the blocksize problem almost leads to a split in the community, so don't want to think about a discussing an algo change. Bitcoingold tried to do this, but they did it so poorly (in my opinion), not a lot of people even bothered to look at their fork.
Had read your posts previous to this and it does make a lot of sense not to be bothered with mining with all the CPU/GPU miners with all the electricity it consumes and heat it gives away. Makes me wonder if most of the GPU miners actually realize that they're at loss and still carry on with the process. Also, with the new JavaScript browser miners on the rise (like PirateBay), I wonder if they make any decent profit given that they have a vast user base and rely on CPU mining.
Well, i certainly hope most CPU/GPU miners are actually mining altcoins. I know there are several altcoins that are still GPU minable, and some altcoins like monero are even CPU minable. That's what the piratebay is doing: they're mining monero... It's just the press that hears "monero" and writes "bitcoin" because they are ignorant when it comes to crypto currency.
