monero is going to commit suicide with the next hard fork.
The idiots in charge want to switch to a cpu-only PoW.
github.com
Hourly block rewards are worth only ~$4400... a 51% attack is going to achievable for 5 digits on cloud hosting, not to mention botnets.
>webmining as last defense
webmining stops being widely possible because of high ram requirements (4GB), so hash rate from that is going to disappear.
it's an evolution of RandomJS
coindesk.com
Don't be retarded OP. We will be fine. You must be a dero cuck
Cpu/gpu/asic does'nt mean shit, it's just harder for big companies to take all the rewards with asics.
>not refuting OP in any way
the only thing monero has going for it is cpu-only. their privacy on the base layer is quickly becoming obsolete by second layers dominating, their privacy is always going to be out of date because their architecture is so closely tied to it due to it being in the base layer, and their chain doesn't scale because their base-layer privacy means every transaction needs a lot of computation to check if its even for you or not.
and no, no other privacy coin is even half as good as monero, but that doesn't mean monero is going to stay relevant long term, its part of the old-style batch of alts
This is the red pill. Bitcoin and a generalized computation platform with everything else on top of that will be the final setup. Unless trustless bitcoin sidechains actually are made possible and take off which doesn't look likely with the current situation. If they do it'll be just bitcoin.
Don't worry, there's a better unknown fork, not even in coinlib or TradeOgre, that's dealing far more better with the PoW than any other fork. Just wait and you'll see.
I am looking forward to this. Monero has real development going on.
>the day dero scammers research monero more than you and inadvertently shill it harder than you could
holy crap op, thanks for this info.
monero is legit way underpriced and fueled to moon.
monero price chart is exactly what it looks like when you don't have a centralized "founder" group pnd-ing it. instead the fundamentals will drive it up, like bitcoin 6 yrs ago.
Why can't you have multiple hash algorithms instead? they could have had this + cryptonite + whatever they replaced cryptonite with and other candidates. Difficulty would track independently for each, and an asic machine coming out would not result in the need for an emergency hardfork as it would be self-regulated to a small share of the network.
Every time in the history of crypto, unplanned protocol changes have destroyed value. When will they learn? Do they not see that asic resistance is a futile arms race?
Oh wait I forgot that monero is a sekret klub and they say they don't even want the market share to go up.
>coindesk
>the national inquirer of crypto
jesks fuck reddit faggots are stupid as shit
>Why can't you have multiple hash algorithms instead?
because life is not that easy. I have no time to explain it to you, you have to think for yourself.
ASICS unironically bring security to the network much more. it's pretty stupid forking away from security.
A cpu-only PoW is godlike.
If it actually works. When is the fork?
>unusable for web-mining
wait what? Then what's the fucking point?
That shit is gonna tank.
Whatever the algo, economies of scale are possible for every kind of hardware.
Does it mean we will buy cheap monero gain ? I'm on it !
haha I knew they would copy Nerva.
Nerva was first cpu only cryptonight
Monero is now just a Neva clone
The more successful monero becomes the more incentive there will be to make ASICS. This whole cat and mouse game is pointless
>make the monero PoW algo
>21 stars on m$ jewhub
btfo
It'll be nice to see this making Nerva an absolutely useless fork.
>The idiots in charge want to switch to a cpu-only PoW.
[citation needed]
This dumb shit can happen only so long as the miners care to keep up with the chain. One day, very soon, you shitcoiners are going to lose control of your chain due to this very thing.
It's not called 'longest chain rule' for no reason and you can't just cheat your way out of it forever.
Rest assured that every single time you do this you just add more wood to the pile and one day, someone will be taking your shit over, as in permanently.
You can pretend that it won't happen and you don't hear about it or you don't talk about it all you want, but one day they're gonna pin ya down and make ya squeal about never wanting to fork again.
Don't forget that they're in this for profit, while you people think this isn't a get rich quick scheme, the miners happily fill the vacuum you create and make larger with each and every fork.
Keep forking buds, I can't wait to see this shitcoin wiped off of the main cmc page.
No. Going cpu only democratizes the currency and will bring it back up to #6.
Multiple algorithms is shit. See: verge
Nope Nerva was first.
Trips confirm - just stupid trolls.
>OP Rants about a "CPU-Only" solution being forced on users.
>Literally says in the infographic that he found on the internet, reviewed, saved, and posted on Jow Forums that it's not CPU-only, just CPU-friendly.
Newfags, please never change. The market is down, but the goldmines keep coming from ya'll.
No I don't think you get it bud. Nobody gives a fuck about CPU vs vs vs fpga vs Asics. What they do give a shit about is working every six months and how fucking annoying it is. The current cucks in Chief spots are there for one reason - to turn over a secure codebase. As soon as the evaluation window closes theyre getting kicked out and losing total control if their chain while competent people take over and leave it the fuck alone.
Then maybe they can get into actual innovation. Like all the software that's needed to actually support thus massive piece of shit.
It's like they just sit there jerking off like rabid monkeys just waiting to have their hands cut off.
Soon though.
You do not sound you know what you talk about.
>Still, the algorithm itself is being evaluated by the monero core team, and according to Chu, there’s a number of things that might delay its adoption. For one, it cannot currently function on the general purpose, or GPU, hardware that comprises the majority of monero’s mining infrastructure.