Hey guys, i’ve got 100k at my disposal and wanted to get back into mining game. Yes yes i can get coins directly but i’m enthusiast and would like to know if algo change is confirmed or not. i don’t want to invest into mining something for just 6-7 months.
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This would be news to me, where did you hear about discussions of an algorithm change? ( I ask because the Asic megathread on the Forum here has been quiet for quite a while)
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There is no algorithm change planned in Zcash for the next several years. If you wanted to invest in mining equipment it would need to be ASICs
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This article had a link to heliosvoting.
https://vote.heliosvoting.org/helios/elections/cdc15aa6-6f75-11e8-b5e0-0e48ec97cebb/view
Question #3
The Foundation should commit to a plan for migrating the Zcash protocol to a new proof of work algorithm with a hard-fork planned between September 30, 2020 and December 31, 2020, with the following tasks: 1) Selecting a thermodynamically efficient (not ASIC-resistant!), currently unused proof-of-work algorithm 2) Hosting and building an open hardware specification for the selected PoW algorithm 3) Assembling a consortium of hardware companies to build hardware against this open specification, while encouraging upstream contributions 4) Building an open source, cross-platform, user-friendly, p2pool-esque piece of mining software for use with this hardware 5) Manage the hard fork upgrade process across users, wallets, exchanges
| Agree | 38 |
|---|---|
| Disagree | 26 |
38 are in favor of algo change?
can you please check the heliosvoting link and see how reliable it is?
That was 2018. It was decided not to switch since then.
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As @JKDC mentioned, that vote was back in 2018 and eventually wasn’t chosen to be included in the path forward for NU4 in 2020.
https://www.zfnd.org/blog/statement-on-asics/
Update: the original version of this post implied that the Foundation was taking a definitive stance for ASIC resistance. It has been edited for clarity to indicate that the Foundation is putting resources into researching ASIC resistance: advantages, disadvantages and potential implementation paths.
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thanks guys! so conclusion is there won’t be any sort of change to brick existing ASICs right?
Yes, no algorithm change for the next Network Upgrade scheduled this year.
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