Post
Topic
Board Announcements (Altcoins)
Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools
by
sgaragagghu
on 11/10/2020, 08:30:47 UTC
Hello everyone.
After a period of running, the current mining of luck should have been monopolized by FPGA, which obviously goes against the original intention of luck.
Consider the future of luck, we are planning to change luck's mining algorithm from argon2d to RandomX (the hash function used by the Monero project). According to our research, RandomX is only CPU mining, FPGA has no advantage over CPU. The upgrade may be carried out recently. Please pay attention to it, thank you.
In addition, who have a deep understanding of the CPU mining algorithm, please share more experiences about the mining algorithm, and provide more suggestions, thank you.
Good luck to luck.
Good!

Another hard fork? Ouch. Why changing algo to RandomX and not something yescrypt-based? As far as I know, small CPU miners are mining many yespower-based coins. If it would be possible to mine Monero using CPU, I would do it since I heard about this coin. Also, another problem is that it is now impossible to get less than blockReward coins without using pools. And I think that is the main reason why pools are created: people joined Bitcoin pools not because algo was unfriendly, but because mining 50 coins was getting more and more difficult.
Monero is CPU only, but there are botnet and mining farm that are mining it, so it is hard to mine...
About the block reward, with pool this coins is useless since its only purpose was to not have pools  Grin
Block reward is already 1LUCK for this purpose (I think).
Let's see!