PoWx.org

[Raymond_B]

Have any of you guys seen this? Pretty interesting if possible, emphasis on *IF*...

https://www.powx.org/

[NotFuzzyWarm]

At this time still pure fundraising PR as on-chip photonics is still a long ways out. As expected they hold up the Evil Bitmain as their reason, despite the fact that there are several sha256d miner makers with the #2 being Canaan with their Avalon series.

More to the point regarding this area, they are talking about making an alternative to the sha256 PoW algo aka BTC and as such this becomes an altcoin discussion and should be moved to the altcoin areas.

[Raymond_B]

At this time still pure fundraising PR as on-chip photonics is still a long ways out. As expected they hold up the Evil Bitmain as their reason, despite the fact that there are several sha256d miner makers with the #2 being Canaan with their Avalon series.

More to the point regarding this area, they are talking about making an alternative to the sha256 PoW algo aka BTC and as such this becomes an altcoin discussion and should be moved to the altcoin areas.

I think it's too soon to call this an altcoin discussion. Because this is a speculation area, the speculation could be argued that BTC's algo could possibly change. BTC core devs have already spoken out against Bitmain's dominance and as much as we all would like companies like Canaan to break that, the sad fact is Bitmain has a firm grip on BTC global hashrate.

[NotFuzzyWarm]

That is still no reason for them to call for forking BTC by creating another PoW algo. Once the photonic chip manufacturing processes are viable then the logic pathways behind sha256d can just as easily be implemented in optical logic as it is in current chips.

You want to break Bitmain's dominance of BTC -- build a better BTC miner than they do. My take on it is that they just want to make another coin and as is the case with all new alts they're hoping that it could supplant BTC.

[Raymond_B]

Sigh, it has been moved, which I believe is a mistake...

[reb0rn21]

That is still no reason for them to call for forking BTC by creating another PoW algo. Once the photonic chip manufacturing processes are viable then the logic pathways behind sha256d can just as easily be implemented in optical logic as it is in current chips.

You want to break Bitmain's dominance of BTC -- build a better BTC miner than they do. My take on it is that they just want to make another coin and as is the case with all new alts they're hoping that it could supplant BTC.

I am not sure you can make it sha256d and have a lead over BTC asic...

forking of BTC POW would be fine if that can lead to 1000% better decentralization, atm we don`t have that algo, even the ones that are trying to not be asic are heavy on CPU, there are few concepts but all are in test net or development .... as cuckoo cycle and MTP that try to be very hard on memory use and light on verification

Also we have a lots of shit coins so I hope we learn something from them instead (maybe)

ETH is maybe only algo being not so good on asic, bitmain ETH asic is just 180Mhs which is same as 6x 580GPU... they did that by using 2+GB file (DAG) from which reads done randomly, so memory random read is main limited factor, but algo is no good and is heavy for CPU validation