I'm a firm believer that CPU mining is sufficient to mine ROBO forever (assuming there's enough people mining for the transactions load). If what I think is going to work does it, then you don't need mega computers, ASICS, GPU's, pools... etc etc.
A major flaw of bitcoin is that when super powers come and mine faster than everybody else, the difficulty gets stuck for a complete mining confirmation window (2016 blocks for BTC, 1440 for ROBO)... and so as time has moved forward, more people *need* to force more hashes down the chain's throat (because difficulty is high and the super power disappeared) .... fast forward to today and now bitcoin has insane hardware just for mining which is not very efficient. Don't get me wrong, the bitcoin code itself is beautiful! Much respect and I've learned alot! PoW retargeting on the other hand is not great at maintaining a balanced nethashrate v.s.difficulty relationship.
My new code aims to break out of this tradition by lowering the difficulty regularly until it matches the nethashrate... and it will do this every 4 blocks... and if to much time goes by, difficulty will drop to something a netbook could mine (which will result in bursts of blocks being mined across the network)... It's all theoretical, but is working in my test environment.
We'll just have to see how ROBO handles it tomorrow. I could be wrong about all of this, and that's what's great about open source projects.. it's stupid easy to experiment and try fresh ideas!
And as an added bonus, by rejecting ASICs and other insanely fast hashers, the distribution of mining rewards is evened out across the whole network. Isn't that what mining should be all about? Getting more coins to more people? Leave Pump and Dump to the exchanges.
A major flaw of bitcoin is that when super powers come and mine faster than everybody else, the difficulty gets stuck for a complete mining confirmation window (2016 blocks for BTC, 1440 for ROBO)... and so as time has moved forward, more people *need* to force more hashes down the chain's throat (because difficulty is high and the super power disappeared) .... fast forward to today and now bitcoin has insane hardware just for mining which is not very efficient. Don't get me wrong, the bitcoin code itself is beautiful! Much respect and I've learned alot! PoW retargeting on the other hand is not great at maintaining a balanced nethashrate v.s.difficulty relationship.
My new code aims to break out of this tradition by lowering the difficulty regularly until it matches the nethashrate... and it will do this every 4 blocks... and if to much time goes by, difficulty will drop to something a netbook could mine (which will result in bursts of blocks being mined across the network)... It's all theoretical, but is working in my test environment.
We'll just have to see how ROBO handles it tomorrow. I could be wrong about all of this, and that's what's great about open source projects.. it's stupid easy to experiment and try fresh ideas!
And as an added bonus, by rejecting ASICs and other insanely fast hashers, the distribution of mining rewards is evened out across the whole network. Isn't that what mining should be all about? Getting more coins to more people? Leave Pump and Dump to the exchanges.
This is just fantastic this should be put in the bible of mining!
PS: If you want to make a discord for this coin I'd be more than happy to admin it for you. I've got multiple discords I run to share if you'd like to see.