Re: [ALQO] Scalable Payment Network | Swiss Fiat Exchange: Bitfineon

Which programm do you use for mining?

I would like to mine with my GTX 1080ti

ALQO switched to PoS in september so no mining anymore, just forging. Nevertheless GPU mining was never competitive as the used Quark algorithm is not ASIC resistant hence only ASIC miners were in this market.

Do you see any risks in the switch to POS in regards to decentralization? Or what is the main cause for concern when switching to POS?

I doubt there are any risks to decentralization when switching to POS. Proof of stake is a regular consensus mechanism used faultlessly by plenty of widely adopted coins (see Dash, Neo, Startis and others).

I know there are a variety of weaknesses inherent in POS compared to POW. In POW there is a quite fixed sum of resources you have to dedicate to an attack. A POS protocol needs to be thoroughly thought through in order to imitate that security from a POW protocol.