Topic: What if? (Read 149 times)
Doubts and uncertainties have filled the air since the news about ETH going proof of stake has been released, I have friends that are already selling their graphic cards giving up everything already, I think this is just dumb because nothing clears the fact that Proof of Work algorithm will be abandoned.
You think so? The rumour I'm hearing is Ethereum team are planning to get rid of Asic once and for all, they are just using the PoS switch to buy themselves some time, they won't see it coming, anyway this is still a rumour too.
Wouldn't be the first time Ethereum team use that PoS switch method, as POS was talked back in 2017.
No this won’t happen. They actually were thinking of switching to an algo called ProgPOW a few years back to get ASICs off the network and last minute it was cancelled. It was cancelled because the ASICs aren’t a 51% attack risk so they moved on.
If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
Ok thanks for the reply, its just a thought though and I don't have any proof on what I posted I'm just guessing maybe my thought could happen, let's what to see what they actually decide to do, Pow or PoS its all good for me. If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
No this won’t happen. They actually were thinking of switching to an algo called ProgPOW a few years back to get ASICs off the network and last minute it was cancelled. It was cancelled because the ASICs aren’t a 51% attack risk so they moved on.
If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
You think so? The rumour I'm hearing is Ethereum team are planning to get rid of Asic once and for all, they are just using the PoS switch to buy themselves some time, they won't see it coming, anyway this is still a rumour too. If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
No this won’t happen. They actually were thinking of switching to an algo called ProgPOW a few years back to get ASICs off the network and last minute it was cancelled. It was cancelled because the ASICs aren’t a 51% attack risk so they moved on.
If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
If there are going to be issues with ETH going fully POS they will just revert to the old mining algo, I don’t think they will change it so ASICs get booted off the network.
I have my doubts as well, who benefits the most out of ETH proof of work? Nvidia, AMD, Innosilicon and other big asic companies, last year few powerful Asic miners are just released, imagine all that going away lol.
Is it possible that ETH will release a new asic miner resistance if they later decide not to abandon the PoW algorithm? If this happens won't GPU mining be exceptionally profitable again?
“Crypto is like a box of chocolates, you never know what you're going to get"
Is it possible that ETH will release a new asic miner resistance if they later decide not to abandon the PoW algorithm? If this happens won't GPU mining be exceptionally profitable again?
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