Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018).
Lets all fight for the best outcome!
Facts:
- Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
https://github.com/ethereum/go-ethereum/pull/17731https://github.com/ethereum/pm/issues/58https://www.reddit.com/r/EtherMining/comments/9jcehr/developers_finally_actively_discussing_and/