Re: Resurrecting the Champ: PoW to become Bitmain/Buterin resistant
Sorry, but you are performing worse than Vorick, using analogy (the worst reasoning technique ever) and playing with common sense (the worst playground ever) you are trying to convince people that PoW is deemed to be cracked by some magicians overseas.
I don't need to convince them of anything. They can see it happening with their own eyes. All the reasoning in the world isn't going to change the fact that multiple algorithms now have ASICs designed to mine them. I'll change my mind when, or if, an algorithm is proven to be uncrackable.
I also don't understand why you're fixating on the geographical locale. Would hardware that isn't manufactured overseas be more comforting to you somehow?
First of all, it has not happened yet, actually after years of investment, the most important gpu mining algorithm, Ethash, has not been cracked by ASIC (Bitmain's E3 is not an ASIC as i have mentioned earlier) and Monero has managed to mitigate the attack in few days. We will see how easily Z9s will become obsolete similarly.
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For instance, a floating point multiplication operation can not be optimized by means of a magical specialized circuit better than what a modern cpu/gpu is optimized for, all that can be cracked by ASICs is the controller unit, the ALU is already optimized in cpu/gpu technology.
Cool, so should I expect to see your algorithm being used in loads of major coins soon, then? Clearly you've got it all figured out. An entire multi-billion dollar industry is about to be disrupted by your revelatory interpretation.
Y'know, that, or your idea won't amount to anything. It's bound to be one or the other.
Of course I have good proposals for this problem and I will announce them whenever I found it useful and yes I'm 'nothing' compared to Jihan and his army of engineers and propaganda agents
, but guess what? I'm winning this war because the gpu mining industry is far bigger than Jihan's Bitmain and they will support me and guys like me eventually.