Re: Can we change the mining protocol ?

My block eruptors are off-line. I'm all for changing the encryption to a CPU only algorithm.

Good, you're on board. Now we just need all the miners who have invested millions in ASICs to agree to make that investment worthless and we can make it happen.

Considering that all the ASIC companies have decided to keep those millions and not deliver any product I don't see too many miners being upset.

This would not necessarily cause ASICs to become bricks.

If enough time was given between the announced change and the hard-fork current miners could ROI. The established chip makers such as AMD and Intel don't seem to have any issues delivering product.

As long as the protocol still uses SHA-256 algo the ASICs (designed for bitcoin) would still work.

SHA256 still works if PoS is the only mining mechanism.