Honestly I don't see any new POW projects coming out. Its been like this for many years. This isn't 2015 again where everyday you would go to "Annoucements" section and get to instamine a new coin.
Most projects go to an ERC20 token, and those are only presold. Then if the project launches their own chain, its always POS. One reason for this is due to greed. Why give miners money? Also its due to environmental impacts and how much waste POW coins are creating.
Largest POW besides BTC is probably Litecoin or Dogecoin. 2nd place is probably Ethereum Classic. Hashrate peaked at 300 TH/s and now its below 200 TH/s. Maybe if enough miners give up, then it might be profitable again.
well, technically speaking, will there ever be a minable coin for 0.1+ kwh miners during bear market ? or will we be able to mine during a bull run only ?
what about CPU mining ? is anything mineable now adays ?...
Communities like ours have to take back the narrative. Vast swaths of so called "crypto influencers" express apathy and concede to ideals of centralization and corporate greed while using ESF as some lame excuse that makes it okay. They blindly ignore what so many of us have learned to be an obvious red flag:
***Massively Premined Coins***
Ethereum is proving why we should always beware of the intent of those in power by way of their own tokenomics design.
These are the narratives that people who actually believe in crypto should be driving:
1) Proof of Work can be done efficiently. We can't let the narrative be that crypto Proof of Work is destroying the planet just because corporate industry has exploited ASICs.
2) Massively accessible Proof of Work available to billions of people will always be more decentralized compared to Proof of Stake ecosystems where:
a) The only way to attain coins in Proof of Stake is to buy them from people who held coins before you or to buy enough coins to stake to garner rewards and
b) Seizure of network control merely requires heist or purchase of native coins/tokens rather than the logistical feat of acquiring compute gear.
3) The dystopian reality and outcome of massively successful premined projects are
a) A rug pull to miners who were early community founders and adopters of their ecosystems,
b) Regulatory obliged corporate validators, and
c) Censorship.
As far as which coin is best designed to lead us into the future of decentralization, scalability, and security, that's easy:
EPIC (Epic Cash) is proof of the possibility for energy conservation having designed a mining protocol that is predominantly mineable by CPUs and GPUs and adds the step of splitting the duty cycle so that either of the main components can only mine 48% of the day thus making it more than twice as energy efficient than any comparable coin on Randomx or ProgPoW. EPIC is actually profitable to mine above .1 kwh energy costs.
EPIC is not easy to mine but the juice is worth the squeeze. I've covered my CAPEX many times over mining EPIC and it won't stop.
I've done my fair share to get the word out. People will pay attention when it makes sense for them to do so.
