<<  >> (p.1838)
    Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4674961 times)
    explorer
    Legendary
    *
    Offline Offline

    Activity: 2016
    Merit: 1259



    View Profile
    December 06, 2017, 12:29:52 AM
     #36741

    what timeline are we looking at for changing mining algo?
    let me break even first, please...

    Shouldn't make much difference for the miner or end user.  Upgrade software, and carry on as if you were normal.  Unless ASICs had already made inroads, in which case CPU/GPU miners would get a boost as the hash rate drops instantly.
    is there any reason to believe that there are already ASICs hashing away cryptonote?
    about timeline, is this only an idea right now or is it planned already?

    If there are, they are running at a loss.  They are not cheap to develop/produce, so there needs to be a strong case for increased hashing speed/scale to be profitable.  Network rate would show any such increase, and existing miners would be bitching left and right about how it's no longer profitable to mine Monero.  So far, so good.
    maybe it would still be a good idea to change PoW (not affecting GPU and CPU mining) just to scare away people even thinking about developping an ASIC. I'm pretty sure there will be one in developtment, if it isnt already stealthily hashing away..
    do you know if there are any specific plans already in dev team to do that?

    Cryptonight is specifically ASIC resistant.  Meaning current ASIC's technology can't do much better than CPU/GPU.  SHOULD that change in future, changes will be made to defeat them.  Yes, it is already being investigated.  Just read a few posts above.
Page 1837
Viewing Page: 1838