@Kushed -
I too share your dislike of normal PoW, however, have you taken a look at BURST's algo? I noticed you're using it as a trade coin for SALUS, why not mine it and also use its Asset Exchange to sell shares in a Staking farm or something, or... the possibilities are endless.
I do not think that running asics and GPUs is going to prove smart in the long term. But Hard drives?? I can tell you the difference between 12 S3 asics and 80TB of hard drive space (yea 80TB lol) is laughable... Not only did I notice an IMMENSE drop in power usage, noise, and auditory pollution, but I'm one to run my computers all day long regardless, and 2 decent computers are more than capable of running 80TB worth of BURST drives, so it was very simple to setup and keep running as well. Literally I didn't notice a difference in power usage from just leaving my systems on.
There are many futures for crypto, but I do not believe that a PoW algo is going to be it. PoS and PoC are king.
Hope to hear from you directly. Keep up the good work and fighting the good fight!
Agree with the statements above. However, I just wish they did more with that occupied space. Would be nice if they can figure out how to also store content as well.
Another coin that comes to mind is Sia coin, its PoW, but its for storing Big Data and I think they have a very clever system in place to compete with the big boys in the Cloud Storage Space.
Thanks for your input.
I invite everyone to open a discussion on the coins listed within the OP or even suggest ones that SaluS should consider adding to the portfolio.
-Kushed
Yes, and there are a few things in the works right now that even with the current state of the coin's core, could make storing data possible. Not on a massive scale, but data. However, part of what makes BURST so decentralized, is the fact that you CANT use the data... Think if data centers could mine as well as store data there, that would lead to much more centralized nature. I for one, like the fact that you've gotta dedicate your hard drive space, makes the coin more interesting as only people who are very interested in the technology and what the coin is capable of, will be the ones generally mining, and/or people who've just got extra space they'd like to make use of in some way, and come to BURST to do that.
I did mention a partnership a while back with sia, but since went on a small break, and haven't really followed up with it ,but I would like the idea of a coin that has storage possible, and one that is MINED on storage, to be combined in some way and/or teamed up to provide the best of both worlds, anything is possible with what BURST already has, and what is coming in the future will be even more amazing.
I think that very soon, we will see a transaction between BURST and BTC via ATs that BURST already contains. There is a thread or two about it in progress in this very forum.
BURST hasn't really been about competing with anyone, it has been about innovation, and coming out with all the tech that people want in a crypto, before everyone else with bigger deeper pockets. Of which it has done that very nicely.
Then, combine the fact that the mining style is very clever, takes almost no power once plotted, and is more secure and faster than BTC and many others, there's really no reason it should be overlooked in any way.
The Automated transactions, and ability to build decentralized exchange on top of it, is mind boggling amazing technology, and will soon change the way people view person to person transactions and coins in general. I truly believe that the technology the team within BURST and CIYAM and QORA etc, have come up with, will do some extremely revolutionary things, and very much look forward to it.
All this being said, not trying to hijack the thread by any means, just wondering if you'd be interested in adding some income to SALUS via various BURST based methods. I can dedicate some mining power to something SALUS related in exchange for making an asset based on it, and we can work together in different ways to generate income for both platforms, and get people paying attention from either community, to each other's.
To give yet another plus to BURST's mining style, I would like to say that the entire time that I've been mining BURST, the drives that are being used to mine it, have neither had a problem, nor showed signs of the potential to, at all. The drives aren't anything fancy, and in fact, most are the lowest priced seagates I could find at the time. Not only that, but they aren't plotted in a manner that would be considered optimal by the standards in place now, nor have I had to replot them at all for any reason since the very beginning. This shows what we've known from the beginning, that the mining style is very easy on the hardware, and extremely sustainable. Decentralization is higher due to the fact that a lot of the miners mine on extra space they've already got, and big boys can't get in for any reason other than mining the coin, leaving the coin's market unladen with huge companies coming in and taking over. The last plus I'll mention, as I could go on all day about every single aspect of BURST, is the fact that since the mining power is hard drive space, the 'miners' are simply normal systems, can be even low range 32 bit machines, as low as raspberry pi, and the resale value of the 'mining equipment' is very good, considering hard drives hold value extremely well compared to many other parts of a computer, let alone ASIC miners...(we all know how fast those bricks fall in price. No surprise as they only have one use...) So yea, there's a little speech on the benefits of just a very small few of the benefits that the coin has to offer. There is a LOT more, and many new and awesome projects, and assets being formed all the time.
Sorry for the long post, I do have a tendency to wan to give every detail imaginable when talking of my most favorite crypto. Look forward to your response. Thanks!