an interesting project, is algo asic and gpu resistant? are there any independent miners workers anywhere without wallets? hmmm
just calling your hash bible hash does not make the hash special ...
are y'all really claiming to use an original hash?
can anybody (smarter than me at understanding all this) verify that it is an entirely unique algorithm? thanks!
Ive been asked a similar question in another thread,
I know the White Paper and Source Code is what youd want to look at,
but I do not know enough about cryptocurrency algorithms to answer:
BiblePay White Paper:
http://pool.biblepay.org/Docs/BiblePay_White_Paper.pdfBiblePay Source Code:
https://github.com/biblepay/biblepayWith my limited understanding BiblePay is ASIC Resistant with Proof of Biblehash Algorithm (POBh),
How could we go about verifying this through a 3rd party? Ive seen at least 3 people skeptical so far.
Why don't we offer a 250,000 BBP reward to hack it? If one can port proof-of-biblehash to a GPU or an ASIC, and obtain a mining "edge" of more than 20% over a CPU, they win the 250,000 BBP reward.
EDIT: The proof-of-biblehash is unique, its the only one that uses the bible verses to create a hash. Additionally, our blockhash is unique in the sense that Groestl has been ported to "biblepay.c", which is a transmuted algorithm (it no longer shares the seeds of groestl).