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Showing 5 of 5 results by Geronimo_
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Board Announcements (Altcoins)
Re: [ANN] - DeadPoolCoin - A Bitcoin mining pool killer
by
Geronimo_
on 23/01/2025, 11:42:56 UTC
this coin is dead even before starting, the concept of excluding mining pool is revolutionary, but the block time delay, the difficulty will lead into everyone abandoning the coin, because only a big farm will eventually mine the coin, why would a normal person with simple hashrate keep spending electricity and money in 0 coins?
if the distribution was more equally distributed (i don't mean everyone must receive coins, but there is a big difference in the current system where someone get all, and everyone else get zero)
on telegram you are focused only on your idea, without listening people, and remember that people are the community, bitcoin would be nothing without community supporting it, remember that.

It's a bit more complicated than that. You should try not to think in traditional patterns but rather adopt a more lottery-oriented approach.
Let me try to explain.

Imagine such a system after a few years, with a block reward of $25,000.
Someone comes to mine with their PC and GPU. They realize, based on statistics, that it would take them 2 to 3 years on average to find a block.
Some people won't try, but others will take their chances—many will take their chances.
From there, many possibilities arise.
They could get lucky and quickly find a block, then continue mining. They could also stop after finding one block.
They might be unlucky and never stop out of pride, spending years trying to find a block—a block that could ultimately reward them far more than they initially imagined.

In every scenario, someone is individually protecting the chain. The bet is that these individuals will number in the thousands at all times.
Of course, this won't prevent mining farms from competing to gain hashrate, but it will remain farm vs. farm, just on another scale—or possibly private pools. But never public pools.

This will result in a coin that is more decentralized and resistant to attacks than Bitcoin, and likely less energy-intensive, because the curve is broken by the lottery factor.

The imposed solo mining is a unique constraint that is still little known, and that's the whole interest of this technology.
All of this might take time to be understood because it’s new; personally, it took me several months.

Another important thing you need to know is that, for another reason, you are right—this coin is likely doomed to fail because it is a joke, or rather, a message.
In fact, the concept has already been implemented for over a year in another coin, which you should have no trouble finding. There’s a large community, but the story of that coin is chaotic because the protocol was built in several stages.
Here, you have the latest version—the one that is probably perfect but has not yet been implemented in the original coin. That coin would need to be forked to do so.

Know that the same person is behind all of this, and that person is a genius.
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Topic
Board Announcements (Altcoins)
Re: ZERO ENERGY blockchain - THA: POW+POS+POT Revolution, New algo, high APY
by
Geronimo_
on 14/11/2024, 08:50:36 UTC
The team is working and will soon release a completely autonomous wallet. This will simplify mining.
You'll just need to keep your wallet running on your PC. And it won't use too many resources.
A great step forward!
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Topic
Board Announcements (Altcoins)
Re: ZERO ENERGY blockchain - THA: POW+POS+POT Revolution, New algo, high APY
by
Geronimo_
on 29/10/2024, 19:48:28 UTC
After some reflection and digging into other alternatives, it’s clear that THA Chain might just be the first to offer a truly independent PoS model.
Users can secure the network based on their own stack, without needing to depend on intermediaries.
This is a refreshing take in the public blockchain space and could really shake up our understanding of PoS.
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Topic
Board Announcements (Altcoins)
Re: ZERO ENERGY blockchain - THA: POW+POS+POT Revolution, New algo, high APY
by
Geronimo_
on 27/10/2024, 07:09:11 UTC
I've been mining this coin since the beginning, and I have to say I'm very excited about this project.
Of all the coins I'm currently mining, this one stands out as the most original, and the low energy consumption is truly impressive.
The current relatively low price is a good thing, as it will make it easier for new miners to join and increase decentralization.
Now, anyone can use this innovative blockchain to experiment with all kinds of things.
This project is going places!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Introducing THA: POW+POS+POT Revolution, Grand Unification, New algo - CPU
by
Geronimo_
on 04/07/2024, 15:18:11 UTC
Hi, I come from the BitcoinPoW community and I want to say that once again I am disappointed by the behavior of some individuals.

Since the beginning, this community has been toxic, and even though things seem to be improving slightly, we still have evidence of that here, something is not right over there.

On the Telegram channel, you rejoice when a fork appears and then you come here to say it's just a copy and a scam, without providing any concrete evidence.

I don't think you understand what introducing a minimum stack for UTXOs will achieve, and I believe you don't really know what you're talking about.

So, we are now dealing with two different technologies, and if you don't like one of them, just forget about it.

And finally, one last thing, Fluffy did not invent PoT.

Good luck to everyone, with peace and tranquility.