Bitcoin Forum

There is a concept of creating a coin mining which will be carried out only by ordinary PC users.
The concept of a new coin implies a maximum equalization of possibilities and the absence of the need for confirmation of transactions.
Consensus will be achieved in the process of creating the block and will be accepted by the network.
Is there a need for such a coin?
What do you think?
Thank you

Don't think so .... Normal PC users can only mine a particular coin at the Initial Stage ...
But once the difficulty starts increasing, It will become difficult for them to get nay kind of profit from mining that coin.

There is a way, I assure you!

The question is - do you need such a coin or not?

You mean like Litecoin with its scrypt algo?

Or Cryptonote coins?

Or Quark?

This has been attempted time and again. If you did two minutes of research or knew anything about the work that goes into hashing, you would not have posted this.

I know what I'm talking about, I assure you) I'm interested in a simple answer to a simple question: will such a coin be in demand?


P.S. I believe that mining is the most important part of the invention and the coins that go away from mining will go into oblivion.

[ANN][TGE] NIMIQ - A BROWSER-BASED BLOCKCHAIN
https://bitcointalk.org/index.php?topic=1952324.0

"Never mind, this'll do,"

bwahahahahah   a fn token sale        omg

When will you release wallet? Keep on your hard work, I'll be  back for more information soon.

I think going back to your question.


There's no need. As utilizing PC for mining is not that profitable. Consider electricity consumption and the "damage" that your PC will incur during mining. Not that good.

The need seems that Pc mining can also mine a certain coin, but the mining process is not necessary, if there is a problem could be your Pc affected.

the answer lies in your hands. If you can create something that people actually WANT to use then sure. It doesn't matter if your cat can mine it what matters if people want it. Im with Notsofast on this one. Look at Pebble, there are so many attempts at this, at removing the "institution" from mining. The question is why would people mine? A majority of the people who use BTC or any other currency will never mine it. The incentive has to be there. Pay everybody in BTC and Your new special coin and I guarantee you will get people to do it.

A newbie would want a coin as much as possible in any way, essentially with the business process in live mengingikan coin is expected. To find the coin for a newbie is still confused from where the start chasing the expetation,

In this version, there are many questions regarding security. But it tells me that such a coin will be in demand. Thank you.



My coin concept solves the following bitcoin problems:
1. The weight of the complete client for mining by one user is minimal.
2. It is impossible to engage in mining professionally.
3. The speed of mining of one block is planned.
4. The income of the miner is predictable if the conditions are met.
 ;D

I agree with you, the PC is not so profitable to mine coins since its calculating power is limited, some professional computers can do more with higher efficiency.

The concept of a new coin implies a maximum equalization of possibilities and the absence of the need for confirmation of transactions.

You can not get enough profit.
So it will be an scam ico. Electrc bill will be more expensive than mined currencies  ;)

No, dear, everything will be ok. There will be a significant energy saving, which is now wasted for nothing.  ;D

I'm still trying to figure out how that would be achieved and have all the miners agree on the transactions.

But it's possible to build a coin based on new concepts and have people adopt it as time goes by. Just look at bitcoin.

I took the bitcoin as a basis. Just some changes in the mining and building of consensus.

So, heres the deal...

Anything can be profitable. The profit of all of these cryptocurrencies in the end is because all of us assign value to it. Beanie Babies were valuable because we assigned value to them. Fiat currency is valuable because we assign value to it. A chair is valuable because we assign value to it.

Your question and search for an "answer" is futile. If you create something that has value, and can convince us, the people and users of your coin that is has value then the method of mining really doesn't matter. On the contrary you have an uphill battle to climb because there is a preconceived notion that CPU mining and ordinacy PC mining is not worth it. Its similar to the battle that PoS systems face. There is no "Right" answer. A PoS system is no better or worse than a PoW system, the people just favor PoW for various reasons, thats not to say PoS can't be successful.

In short.... stop beating around the bush and telling everybody all the "amazing things your coin might or might not be able to do" and just do it.

It would be like me saying, hey guys I have this car, its basically as fast as a Lambo, costs as much as a Toyota, but I PROMISE its just as good!!!!!! Anybody interested????

 ;D

I'm working. I wanted to clarify something for myself. And when I write my thoughts and see people's reaction to them, it helps me. Therefore - thank you for participating in the discussion)

Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.

CPU mining? Botnets

Un-poolable? Multiple wallets per machine/per card/per whatever

Hashrate limit? See above

Limited emission? Less profitable for the smaller miners so no interest

If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.

I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic.

When you say invention are you referring to the code? Or is there a physical device?

Method and system for its implementation

So you are trying to patent code? I ask because I have experience with this,

No, it does not make sense to patent the code. If patented, then the way to achieve the commercial goal.

Well what I was going to tell you is patenting code doesnt really protect you anyway because it only protects against someone copying your code 100%. But it sounds like you aren't doing that anyway. Curious to see what comes of all this.

Maybe it's just me, but I don't really think this is possible.  It sounds as difficult as creating a bug-free game, or a un-hackable operating system.  If the coin becomes profitable then someone will find a way to mine it with specialized hardware.  It's like saying we're mining diamonds, but you can only mine them with shovels, no machines.  But... maybe you have something and if you do, more power to you!

It is not difficult to change the very principle of mining and achieving consensus.