Post
Topic
Board Development & Technical Discussion
Re: A useful PoW without replacing Nakamoto Consensus
by
kernel1983
on 01/11/2022, 12:19:25 UTC
But it is nice to have many miners each to buy a 8T (cheap) hard drive, and many users each purchase several gigabytes of space.
Miners aren't the only ones keeping a copy of the blockchain, though. Every single node will need to buy 8TB (or however much) storage for the blockchain to remain decentralized.
There are even miners without own full node; not sure why you conflate those groups.
No, only the miners need extra hard drive, the node doesn't need to.
Again, the users file doesnt go into the chain.

Filecoin spends most the computation on PoRep and ZK. And for the consensus, EC is actually a PoS (which doesnt cost much computing).
I believed PoW can bring the true decenterization.
Exactly; only PoW can give you true decentralization. By adding paid file storage, you add in all the problems of Filecoin & keep the high power consumption of SHA256 mining as well.
I believe I was fix Filecoin's problem with EcoPoW.
Again, I'm not selling this to Bitcoin, there is no hard fork. We build a new chain but PoW based.

It is important to understand miners contributing computation for the reward. And nowaday, the mining pool is the only choice to get incoming.
If the computation are useful for miners to get more incoming, they will consumed the computation locally, which behaved like solo mining.
We can see the mining is a side output during file encoding.
Oh, so there will be no actual SHA256 mining anymore; when you say mining you actually mean file encoding? You should have said that earlier. Well, Filecoin also requires file encoding right. So filecoin is also a 'PoW' mechanism in your eyes, because the nodes need to do some computation?
Filecoin is PoS (EC), check out my previous post.
There is SHA256 mining and encoding. They are combined in the EcoPoW.
The PoW used to output mining, EcoPoW outputs mining and encoding with the almost same computation (we added another 'if' check).

This is how mining pools are gone naturely.
Do note that mining pools aren't such a big issue as some papers or articles may make it out to be. If you got more questions about this, feel free to ask or browse the forum.
Yes, mining pools is not big a issue as Bitcoin is still the most decentralized blockchain so far.
However, a PoW blockchain without mining pool will be more decentralized, right?

But we must stick with the existing decenterization.
I don't understand what you wrote in the last paragraph, but I suggest you use the right spelling (decentralization); if you always write it like this, you may get less / worse search results when browsing the web.
Yes, I will turn on the grammarly Smiley

Nothing is free, we need a blockchain solution. Filecoin is good direction but too expensive.
How do you aim to make it less expensive? What is the big difference maker here?
OK, I have explained above.
Filecoin uses expensive server, and it is too noisy. The servers must be place in the data center.
Home PC is cheaper, and the bandwidth are free.
Compare to could computing, there are no expensive engineers.
And, the ZK, we remove it, we have the better way do this.

The miners will figure out how to get revenue higher and how to make the price lower.
What do you mean by 'miners'? Just file hosting nodes that decode / encode data or actual ASIC (or other algorihm based) miners? By the way; ASIC is probably the way to go here, especially in this application since you want your CPU to be fully available for file delivery and delegate any other computation to a separate ASIC chip.
PC
ASIC can speed up the encoding, GPU as well. Outsourcing is possible.

Again, the users files are not into the chain blocks.
Oh wait, so you are proposing a regular PoW blockchain, with regular repeated hashing for mining and minting new coins, just like Bitcoin, but nodes can choose to host some files (depending on their capacity) and get a reward for it? What if they delete them again? Is it a recurring payment? There will be no guarantee of file availability right?
PoRep is designed for this.
EcoPoW is both a PoW and a PoRep.

This sounds like just adding Bittorrent into Bitcoin Core (or similar); I don't think it makes sense to mash different softwares with different purposes together like that. Just add a reward system to Torrents and that's it. There is no reason to claim it somehow makes PoW more useful or anything like that. This is much easier implemented as a Bittorrent add-on instead of building a whole new blockchain.
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A blockchain storage project like Filecoin, but PoW based and other improvements.
BitTorrent and IPFS has no PoRep.