erm, Thanks, but no Thanks...
I have been mining this coin steadily for over 7 years, specifically using lyra2, yesscrypt, and argon2d , predominantly argon2d4096, so please do NOT remove those algos.
If you want to add new algos, great but leave the old algos in there.
They are one of the reasons this is a great coin....SHA256d, SCRYPT, phaw makes it the same as every other coin out there....at least with these 3 algos any home miner can mine the coin.
I get blocks with 1-3 threads on an old cpu, exactly satoshi's vision of mining...no stupidly expensive hardware, just good simple mining....
As for Verushash, it is completely dominated by mining farms and FPGAs, absolutely the last thing a coin needs....
Or is that why you are forking it, because you already have a huge farm?
Alternatively, you could just fork into a new coin, new name, and leave this one alone on Freixchange......
J
Links to check out..
https://argentum.cc/index.htmlhttps://argentum.cc/tech_specs.phphttps://argentum.cc/tokenomics.htmllive nodes
51.83.11.113
85.15.179.171
91.206.16.214
I hoped you would show up, and am very glad to hear your opinion.
"They are one of the reasons this is a great coin....SHA256d, SCRYPT, phaw makes it the same as every other coin out there....at least with these 3 algos any home miner can mine the coin.
I get blocks with 1-3 threads on an old cpu, exactly satoshi's vision of mining...no stupidly expensive hardware, just good simple mining...."Not necessarily,
"At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware."But yes, I agree we should always have CPU/GPU algos for anyone to mine.
When planning out this new upgrade I started looking into the most popular (large community) CPU and GPU algorithms with the hope that we can bring in some new miners and hopefully turn them into long term community members. The 4 algos Lyra, Argon, Groestl, Yes, are mostly dead, pretty much everywhere. Terminating them would open new opportunities by adding a popular CPU ASIC resistant algorithm that any home miner can use. The newest version of verushash is still asic/fpga resistant.
But the case for lyra2 and groestl since they are vulnerable to FGPA's/ASICS, in your opinion should they be removed under that premise? At some point, all these extra algos going largely unused is no longer beneficial for the coin. If someone wants to spin up some asics/fgpas on a low difficulty dead algo, its not beneficia to solo miners. Unfortunately there is no asic/fpga resistant GPU algorithm that is also SPV friendly, so I decided to keep groestl as the one "GPU" algo for now. By your point of view, I would be inclined to disable lyra/groestl, and add verushash in their place.
Happy to keep algorithms that people are using, and have a net overall benefit to the network. Right now our argon2d/yes are not asic resistant, it's just that nobody has bothered to create one for them. Safe, for now.
I think we should disable some of the outdated and/or fpga/asic captured and vulnerable algorithms, we really only need SHA and Scrypt in that regard. Do we need 3 dedicated CPU algorithms, two of which are not asic resistant?
Moving on to economics. I would love to hear input.
Too much reduction too quickly? Not enough? We're fighting an uphill battle with regards to value proposition, so cutting subsidy too soon helps nobody, non auxpow miners go elsewhere.
~9% inflation is where we are at right now, not even BTC could survive that, and it's emission schedule reflects that from the beginning. In 3 years with a 3 block subsidy we will be at 8%. Still too high.
We have a one year bootstrap to build out the ecosystem, grow the community, miners, long term investors and then start inflation reduction, this is the proposition. Should we cut inflation bit slower after the initial bootstrap year? My thoughts with a quick cut is argentum has well establish supply and letting the inflation run wild has no benefit.
