Pre-Information
This is an initial ‘Idea’, on an Open Mining Network…
Not creating a Cryptocurrency, nor Token… Suggesting the creation of a ‘way to mine better’ any Cryptocurrency… by Spotting and Solving some of the problems we now have when Mining.
Intro
Ahh ‘the’ Mining…
Mining as a concept is Beautiful!
Such an elegant solution to a specific set of problems (how to share, agree, validate and be rewarded on transactions on a specific crypto-economic system).
As you know, it “WORKS”!
But, as you also should know… this ‘solution’ has some ‘internal problems’…. like:
01 — Pool Centralization
02 — Initial Investment Centralization
03 — Hardware Complexity (not newbie Friendly)
04 — Software Complexity (not newbie Friendly)
05 — High Costs/Expenses (Electricity, etc…)
06 — Ecological Footprint (Not as bad as Advertised, but still could be better!)
- etc…
This ‘problems’ make it so that Mining is just for people with a certain set of pre-acquired skills to dominate…
This world IS fair! (being hard to EVERYONE in some way! this sounds fair to me!)
But Mining should be about Decentralization and about EVERYONE having a ‘say’ and a ‘do’ in it!
WE, as a community, should take action and make it so that EVERYONE could be a part of it…
(I Know that’s NOT how it’s set up to work right now… that’s exactly WHY, I’m suggesting this project)
Pool Centralization
Most Crypto Networks work in a way that:
- each Block Reward goes to one(or few) Address(es), per unit of time (block time)
- realistically, the number of blocks HAS TO BE low… compared to the number of Addresses
- today, there’s no way to ‘realistically’ decentralize mining, because the blockchains in general does not allow for ‘distribution’ over all miners… so ‘one’ will win each entire block, and THEN the others will have their part — aka POOLS!
This system ‘works’…. but If you have a system where you want Decentralization… but in reality decisions have to go through a handful of peers BEFORE they are shared and then accepted/rejected, you have a layer where “SHIT MIGHT HAPPEN”
What we are seeing is that Miners WORK, but Pools DECIDE…
This reminds me of Citizens Working, and Politicians Deciding… it WORKS… but still, that’s NOT how we wanted it to work!
Initial Investment Centralization
So, If you want to Mine… you have to calculate/solve something… right?
You could do it by hand… but it’s NOT³² efficient!
So you need better ways to compute those solutions…
What we have done so far is to use CPUs/GPUs/etc… to do so…
Problem here is that, you HAVE to Buy them!
So you start form the ‘Traditional’ system… and want to Mine in this ‘New System’, but there’s a couple of Problems:
- For you to mine you have so SPEND ‘old money’ in Hardware, to make ‘new money’
- Those who have a lot of ‘old money’ will have more hardware, and make more ‘new money’
- You will STILL and up in a ‘NEW SYSTEM’ resembling the ‘OLD SYSTEM’!
Basically, you still have a “CENTRALIZED ON INITIAL INVESTMENT” system, on this ‘new system’!
Hardware Complexity
Now, you have some Hardware…. you bought for ‘half price’…
And you want to assemble a mining machine…
cool… if you already know how to do it…
but if you don’t… you will end up spending more time/money doing so!
Sure there are ASICs that are sort of ‘plug&play’… but there are not ‘general purpose mining machines’ out there… so you, most likely, will have to assemble a full COMPUTER… to do so.
This is not ‘HARD’, but I’ll bet more than half the world population could not do, if asked ‘right now’!
Access to Technology is a MUST for mining…
Knowledge in using that Technology is also a MUST…
So to reach more people, Mining Hardware should be more ‘user friendly’
Software Complexity
Well,
so now you have the Hardware fully assembled…… what now?
(If you are an experienced miner, you might say “LOTS OF OPTIONS!!!”)
Yeah….. THAT’s BAD!
See, one thing is to like mining and know already what is going on…. another is to start now, there are lots of options….. not gonna help having tons of options if you are a newbie!
(remember, we want something like ‘mining for all’, not ‘mining for miners only’)
Even if you are an Experienced Miner… and use services like HiveOS, there’s a LOT of everyday tasks that could be done better if only the Software part was LESS complex…
So for us to get something more ‘user friendly’ on the daily basis, we need to ‘complicate’ first… and make something everyone can use!
High Costs/Expenses
When you have everything Up and Running… it’s cool…
But are you doing it the right way??
Is it efficient? Does it cost LESS then it is RETURNING?
NOW is kinda too late… you already in, and spent Time, Money, effort, and maybe a little bit of blood… with this…
We should have a way to maximize returns and minimize costs… being fixed or temporary, direct or indirect, from mining!
Ecological Footprint
When you care about this ‘new system’, and you are constantly bombarded that it is ‘heavy on the environment’, you really start to think about it…….. I mean, IS IT?
Even if it is (and IT IS) less then the ‘traditional system’, how can we make it that we put in more than we are taking from the environment… how can we improve on what is out there?
This point is like an open discussion, we will get back to this…
Intentions
Talking about intentions is like looking inside yourself and wondering: “ok, I want this to work this way, but I know it wont work EXACTLY the way I want it to…”
so: “I want this to work!”
want == will work for it!
this == what we are, from now on, building (a way to get more people mining, and mining better)
work == improve on what we have… by SOLVING problems, not creating SHITCOINs, not MAKING MORE MONEY… but actually making things work better!
For that I suggest we discuss on ways to:
11 — Decentralize Mining
12 — Make it so, that you DON’T control by “buying everything”
13 — Develop Mining Specific Hardware
14 — Simplify the Configuration and Utilization
15 — Automatically adjust for better Usage of Hardware and Software
16 — Think of ways to ‘give more’ than what we are ‘taking’, in some way…
Thank you for reading,
please leave your thoughts on this…
This Article on Medium:
https://medium.com/@cryptos.josevora/open-mining-network-omn-655e19d464fasigned:
Yasuke Nakamoto