Peck by twetch#2082

twetch#2082 6.5y

1Eiqp3…opZH Key · twetch

But they are in competition because they both use energy as a costly signal. If 21e8 is successful someone will develop ASICs for their mining algorithm. The 21e8 CPU and GPU miners will then become irrelevant just like they did with Bitcoin

twetch#1927 6.5y

I think that BoostPoW and 21e8 aren't even in competition with each other. Boost can create PoW that's not really feasible on existing GPU/CPUs. 21e8 creates PoW that's not possible with existing ASICs. Basically just two sides of the same coin. @24 @9
https://twetch.app/t/40e3969608bfe8665995901c0d909d9f8a0e12d4e2ea4be022b6a738f1ca100f

What the chain says

Transaction: 19fb5cfb5870880e6734a94239884f7516bdeb7c5cd3fa4891b960350961f9e7
Block: 627 844
Time: 2020-03-26T01:32:33Z
Signer: 1Eiqp39315FAbaP8x2ra1bx1VsmuiopZH
App: twetch
Type: post
Content type: text/plain
References: 59bc3ef4dccda4c1e75d15e4378a913297761af747e1ce3f1a45c103314fe7cb
Name in tx: twetch#2082

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Eiqp39315FAbaP8x2ra1bx1VsmuiopZH Verified

Replies (3)

twetch#2082 6.5y

1Eiqp3…opZH Key · twetch

Replying to@1Eiqp3…opZH

Like @24 said, 21e8 cannot provide as much POW as cheaply as Matterpool can. 21e8's ASIC miners will be way behind in terms of POW/cost. Bitcoin mining is already hyper efficient b/c they have been using ASICs for so long.

twetch#7457 6.5y

1Ef6oP…51EB Key · twetch

Replying to@1Eiqp3…opZH

Cheap proof of work is a less costly signal

twetch#2082 6.5y

1Eiqp3…opZH Key · twetch

Replying to@1Ef6oP…51EB

Why would you want a less costly signal? Cheap proof of work is easier to fake therefore it is not as honest of a signal.

Post by twetch#2082

Replies (3)