Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
poptok1
on 09/12/2019, 10:54:32 UTC
So is this CPU or GPU mining? Satoshi did Bitcoin in the same way and only in several years people made Asics for mining. So here also would be able to mine with asics in some time... whats sense in this coin?
It is CPU but whatever it will stay this way, I don't know. It seems to me that system of IDENA is somewhat fixed. It has capacity limits all over the place, except general cap on supply, so I guess it is designed to maintain somewhat steady flow of newly mined coins to participants of the network. This is, in fact a main purpose of this project, to present a basic income idea. Is it a good idea? I don't think so but it may be a good time to at least try so we can be sure, on what the results of such experiment will be. You would have to ask this question to developer, I would also be interested in his answer.