Quote from: Luckybit on May 17, 2013, 09:24:26 PM

Quote from: thesnoo23 on May 13, 2013, 09:54:54 PM

A new coin has come out that addresses the inflation vs dollar valuation issue. Ela coin is going to launch in like, ~8-9 hours from now, and it increases the block reward based on the network hashrate, as more people mine, each block becomes more valuable. It's not a straight 1:1 increase, but I still think it's a bit over the top. But it's nice to see that people are actually trying

Here is an idea, why don't we have it so Netcoin rewards different mining technologies at different times of the day? CPU mining becomes easier for a while each day but ASICS become real hard to mine with. GPU mining becomes difficult for a while each day but ASICS become easier. CPU becomes harder then GPU becomes easier. This should be randomized by a seed node so that it's unpredictable at which time of the day this will occur or who and what technology it will favor.

This would encourage a maximum amount of miners to mine for a maximum amount of time. This is a feature I suggest be included into the Netcoin concept if Tacotime agrees it can and should be implemented. If I'm a miner and I do not know when or how much but I know for sure every day mining will favor my technology, then I will mine this coin every day waiting for my turn for the difficulty to drop way down for my technology.

This will make it so developing ASICS wont be the best way to take advantage of mining. GPUs, CPUs, all sorts of technologies would have to be developed. If Netcoin is designed in a modular fashion then the developer could set it up to optimize to any random technology at any time of day or night. This in my opinion help remove the leverage of ASICS but I don't know if it's possible to pull it off because I don't know the source code or know the intimate details of the hashing algorithms. I would suggest running it in a simulation so we can find out what it's optimizing for.

That's ... innovation, tricky, the human condition is a big factor here, and I like that this is being boldly addressed.