Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | Funding the Future With the Future of Currency
by
CryptoGretzky
on 30/03/2014, 02:22:54 UTC
Guys just copy paste the N scrypt from vertcoin even their schedule. They are 100% focus on avoiding asics, yes is less ecological and requires some tweaking but it should be a once in a lifetime fork. Then we can focus our minds and resources into science.

Vertcoin is just an adapted scrypt algo, really not 'ASIC resistant', the multiple hash of X11 or Quark algo would take much more effort to build an ASIC against ...

Chaining NIST approved algos is in no way asic resistance, theres not a single one which is memory hard - its just cheap to put that on a chip...
If you want to know the reason why x11 mining takes less power, its simple - the miner is totally unoptimized.

There is also a big disadvantage with that, cpu mining is nearly as fast as gpu mining...that means, its ideal for beeing mined on botnets - thats something you really dont want.

Then fork it and change it to X12, X13... lots of room to add complexity since it's using so little resources now.   See how that multi-million dollars investment that the ASIC company made in X11 ASIC development will do next time...