Joke of the Day for sure
You should make a separate thread about proof of stake. It’s not very helpful to simply state that Zcash should switch to proof of stake when we’re debating ASIC mining vs GPU mining. Even if Zcash does switch to proof of stake, that would probably be at least a year from now.
Anyway, GPU mining is a lot less risky than proof of stake and is easier to set up for many people. Proof of stake forces you to become a cryptocurrency speculator, while GPU mining allows you to hedge your bets.
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I just made a fast list as i don’t have much time today. Top 75 coins by market cap.
End of 2018 / Begin 2019 there will be:
- pure POW Asic Coins: 9
- pure POW GPU Coins: 5
- pure POW CPU Coin: 1
- mixed POW Asic/GPU Coins: 3
- POS/POW Coins: 5
- Allready POS/Similar: 26
- Switching from POW to POS: 18
- Unknown/Other: 7
Makes a total of 44 pure POS coins from top 75 currently. Of course things and rankings can change meanwhile. But as you asked what coins are on POS or go POS, here the fast list:
- Bitcoin POW / Asic
- Ethereum POW to POS
- Ripple POS
- Bitcoin Cash POW / Asic
- EOS DPOS
- Litecoin POW / Asic
- Stellar SCP-POS
- Cardano POS
- Tether —
- Iota QRDAG
- Tron POW/POS
- Monero POW / GPU
- NEO POS
- Dash POW/POS / Asic
- BinanceCoin —
- Ethereum Classic POW / GPU
- VeChain POW to POS
- Nem POI
- Ontology POS
- Qtum POS
- OmiseGo POS
- Zcash POW / Asic
- IconX LFT
- Lisk DPOS
- Zilliqa POW to POS
- Decred POW/POS Asic
- Bytecoin POW / Asic
- Aeternity POW/POS
- Bitcoin Gold POW / GPU
- Bytom POW / Asic/GPU
- Sia POW / Asic
- Augur POW to POS
- Bitshares DPOS
- 0X POW to POS
- Verge POW / Asic/GPU
- Steem DPOS
- Mixin ???
- Bitcoin Diamond POW / Asic
- Maker POW to POS
- Nano DPOS
- Dogecoin POW / Asic
- Waves POS
- Digibyte POW / Asic/GPU
- Rchain POS
- Golem POS
- Wanchain POS
- Nebulas POW to POS
- Stratis POS
- Bitcoin Private POW GPU
- Populous POW Asic
- Bat POW to POS
- Huobi —
- Hshare POW/POS
- Iost POW to POS
- Kucoin POW to POS
- Status POW to POS
- Loopring POW to POS
- DAO POS
- Walton POW / CPU?
- Nectar ???
- Cryptonex POS
- Komodo POW/POS Asic
- Aion POW to POS
- Mithril POW to POS
- Gxchain ???
- Maid Safe Coin POS
- Bancor POW to POS
- ReddCoin POS
- Ardor POS
- Moac POW to POS
- Aelf POW to POS
- Ark DPOS
- Centrality ???
- Monacoin POW / GPU
- Funfair POW to POS
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I didn’t state so far anywhere that Zcash SHOULD do whatever in any of my posts. I share my personal opinion no matter if it’s Asic, GPU or POS. All i say and what i belive by now is that POS will be the future.
And you are wrong about the seperate thread for 2 reasons:
-
first this thread is about Asic mining “Let’s talk about Asic Mining”, it can be as much about POS as about GPU, not even to mention another 1001 other things that have been discussed so far in this thread.
-
the more important part. In case Zcash considers POS at some time, every algo change would be a waste of time and resources anyway. So i think, in case Zcash indeed considers POS at some time, no matter if in 3 months or 2 years, POS has it’s place here as well as gpu has and if you want even “back to cpu” would have a place.
It’s your opinion that GPU mining is better, in the list i made you will see how many projects allready are on POS or will get on POS the next months. For me this is a trend many developers go, with good reason.
Of course you are free to call every Dev and project going to POS over short or long idiots, but for me these people have good reasons to do so.
link? source? more info?
Why should an advisor not voting? It’s a person involved with Zcash. I have no idea who he is but my guess is that he is even on the board and as far as i know every board member has a vote. (Not sure about it, just a logical guess!).
What’s next on your list? That zooko shouldn’t have a vote? Or that the foundation members shouldn’t vote but only gpu miners?
And maybe if you didn’t waste that much time with offending people you did notice all the references/links/posts about the elections and balloting…
Time-constrained, but wanted to just say:
At the mining workshop which @daira and myself led at Zcon0 both Equihash (144, 5) and ProgPow were discussed, as well as a multi-faction PoW.
When I get the chance, I will do a write-up of the workshop discussion and other mining-related tidbits and knowledge gleaned from the conference.
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why this post got flagged?
Hi guys, decision is made, just simple accept or leave ZEC. I think the market/people will decide ZEC future soon.
I still hold 35 ZEC and waiting for sell it at $500, hope big boys like Bitmain and Inno… will dump it after releasing some batches
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How about we have a comprmoise:
Let’s support ASIC resistance while Zcash is young. Wide and fair distribution is a top concern right now because 80% of the coins have yet to be issued. Security, meanwhile, is a lower concern because very few people are using Zcash for business transactions yet. Most of the transactions on the network are from mining pools.
As Zcash matures, the benefits of a wide distribution will attenuate, since the unissued supply will become relatively smaller with time. Security might become more important, since Zcash will likely be used for more business transactions.
So how about we agree to ASIC resistance while Zcash is young and needs to prioritize wide distribution and then switch to ASICs (or PoS) when Zcash is more mature? I think setting the end of ASIC resistance to the first halving would be a natural choice.
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FWIW: Gordon is not a board member, and Zooko didn’t participate in the Community Governance Panel. Maybe @acityinohio can speak to whether Zooko would have been accepted if he had applied.
share proof or please consider your words before posting. Anyone can come in here and throw the same sentence, with no information to back this up: it’s words in the wind.
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GPUHoarder from Squirrels Research Labs has uncapped one of the 12 Bitmain BM1740 mining chips in a Z9 mini generously provided by greerso (Greerso) · GitHub
The chip has 8x8=64 blocks, with with each block featuring 96 half-stacks of what looks like SRAM. Each half-stack is estimated to contain192Kb, giving a total 144MB per chip, just enough for Equihash (200,9) with negligible solution loss.
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@zooko will you implement the Multi-Faction PoW idea?
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Where do you need more proof then that they choose initially very low memory parameters but sad in initial post that it will be only in the beginning but will rise it soon…but that rise NEVER happened…they stayed with parameters that heavily favor ASICs …just changing few memory parameters would make ASIC much more equal with GPU in efficiency but like i sad then never did it even promise it years ago …and its a trivial thing so only exponations is that is was their intention to favor ASIC.
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I still see no proof on what you are accusing.
You said
they always intended to go ASIC
based on what? Non optimal parameters that any given coin that forked could’ve as well changed?
You’re accusation are too far fetched and pure conspiracy theory.
EDIT:
Innosilicon A9 ZMaster sold out.
The next batch will come soon!
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Zooko Wilcox and Jack Grigg | Apr 15 2016
"WHAT’S NEXT?
The next step in our use of Equihash is to write an optimised implementation. Once that is done, we will reset the testnet with higher-memory parameters.
Further down the track, our goal is to have the Equihash solver optimised for running on smartphones. We hope that this will greatly aid the decentralization of mining — users could mine Zcash while their phones are plugged in and unused overnight!"
DID I WRITE THIS OR THEM ?
THIS WAS MORE THEN 2 YEAR AGO AND THEY STILL DID NOT USE HIGHER MEMORY PARAMETERS witch would make ASIC much much less efficient and on pair with GPYS…Bitmain Z9 actually use ancient prehistoric SDRAM for GPU memory.
So dont accuse me that is conspiracy theory when its obvious …or they did on purpose to favor ASIC or they are totally incompetent DEVS that cant change few parameters for years …you choose what is from that 2.
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Hehehe i think its Both 
I think he would have been (since his would have been one vote of ~70+). But he didn’t apply and I didn’t proactively reach out to him to be a part of it.
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Oh come on please stop with this,
Most of those are tokens, tokens that run on ethereum so how is that not proof of work…
PoW and PoS solve different problems. I don’t care about the problems with Proof of Stake, my day job requires me to care about Proof of Work. I will be writing this up as its own thread. but proof of work is to solve trust. At the moment banks, for example, use Hardware Security Modules (well lots of them) to have a provably fair ledger [1] they then use Datacryptors (think modern day enigma machines) to replicate this data to several secure facilities (mr robot, whilst a bit tacky, was kinda right in how things work, in the same way breaking bad was right about meth)
An example of a crypto currency use of a HSM is in Hal Finney’s hashcash. RIP Hal you are missed. where the blockchain was secured on an hsm and published its ledger. This is a direct predecessor to bitcoin.
All of this though leads to you having trust in the persons with the access to the HSM’s (believe me they are superman 3 style stuff) They are the 100% attack.
Satotshi solved this trust problem. this is normally what people mean when they say “blockchain technology” rather than cryptocurrency. I like to think that bitcoin itself was just an Proof of Concept for blockchain technology and satoshi just decided to show it as an example of disruptive technology by using “coins”. (yeah I know, I know.)
PoS does not address this problem.
[1] hashcash and reusable proofs of work. using an IBM HSM.
https://nakamotoinstitute.org/rpow/
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