how to save GPU POW

[alekSalac]

Bear is knocking on the door, together with post-Merge situation, we are all witnesses of devastation of POW coins.

Main problems: -big farms getting in and out, resulting increase the Dif...
                       -lot's of miners in fear dumping coins, resulting price drop...

Proposal how to save POW: prerequirement to mining is that you have coins in your wallet(or node)
for example: 1 coin = 1 mh/s, no need to lock coins, just to own them.You need to have desktop wallet(or node), with deposited coins, active on network.
Direct your rigs to your wallet(or node), miner program checks amount of deposited coins, and approve strenght of your hardware.

Pros: -who want's to mine need's to HODL coins, if you don't have coins you must buy them, that's how we create demand on exchange
        -that's how we prevent centralisation (big farms)
        -in that way we prevent miners to dump coins
        - take the best from both worlds, MN and POW
        - natural growth of network, because total hash power is proportional to total coin suply
        - only those who belive in certain project, buy coins and HODL, can mine and earn

Cons: -i don't know any, you tell me in comments...

[Bitcoin_Arena]

Bear is knocking on the door, together with post-Merge situation, we are all witnesses of devastation of POW coins.

We are already in the bear market incase you didn't know

Main problems: -big farms getting in and out, resulting increase the Dif...
                       -lot's of miners in fear dumping coins, resulting price drop...

It's sort of a free market.

Proposal how to save POW: prerequirement to mining is that you have coins in your wallet(or node)
for example: 1 coin = 1 mh/s, no need to lock coins, just to own them.You need to have desktop wallet(or node), with deposited coins, active on network.
Direct your rigs to your wallet(or node), miner program checks amount of deposited coins, and approve strenght of your hardware.

The proposal all feels like a hybrid of POS which i believe most POW miners hate.

-who want's to mine need's to HODL coins, if you don't have coins you must buy them, that's how we create demand on exchange

After acquiring mining gear, you also want miners to buy coins. Don't you think this will discourage retail miners from even participating.

-that's how we prevent centralisation (big farms)

You will fuel it instead. Big players can afford lots of coins as opposed to small farm miners. it all looks like POS.

-in that way we prevent miners to dump coins

The main reason people mine is to earn out of it.  If you prevent them from selling the coins, then tell me one reason why they should mine?

[sp_]

The proposal all feels like a hybrid of POS which i believe most POW miners hate.

POW miners hate the hybrids. Why not make a thorium reactor instead? To preserve the POW...

[adaseb]

I remember a few years ago there was a project like this.

Where you had to own the coins to be able to mine the coin. Coin profitability was actually very high. Because many miners had to purchase the coins to be able to mine.

Then…. Exit scammed.

Forgot the name of this coin? Maybe someone remembers?

[alekSalac]

Bear is knocking on the door, together with post-Merge situation, we are all witnesses of devastation of POW coins.

We are already in the bear market incase you didn't know

Main problems: -big farms getting in and out, resulting increase the Dif...
                       -lot's of miners in fear dumping coins, resulting price drop...

It's sort of a free market.

Proposal how to save POW: prerequirement to mining is that you have coins in your wallet(or node)
for example: 1 coin = 1 mh/s, no need to lock coins, just to own them.You need to have desktop wallet(or node), with deposited coins, active on network.
Direct your rigs to your wallet(or node), miner program checks amount of deposited coins, and approve strenght of your hardware.

The proposal all feels like a hybrid of POS which i believe most POW miners hate.

-who want's to mine need's to HODL coins, if you don't have coins you must buy them, that's how we create demand on exchange

After acquiring mining gear, you also want miners to buy coins. Don't you think this will discourage retail miners from even participating.

-that's how we prevent centralisation (big farms)

You will fuel it instead. Big players can afford lots of coins as opposed to small farm miners. it all looks like POS.

-in that way we prevent miners to dump coins

The main reason people mine is to earn out of it.  If you prevent them from selling the coins, then tell me one reason why they should mine?

-i know we are in bear market that is just a figure of speach
-a free market without any rules is not good
-it is a hybrid, love it or hate it, it will save gpu pow
-miners were not discouraged when they bought equipment for three times the higher price. from another point of view, investing in equipment or investing in coins, almost the same.
-that's the point, the big players have to buy a lot, and the small farms buy a little. That's how they create demand and push price up. it's mix POS, MN and POW
-you can sell the mined, and make a profit. but you don't want to sell the deposited coins, because you want to continue mining, so supply on exchange decreases

[devil2man]

Indeed, the bear market is already here, hybrid solutions have never had a long life we just have to wait and see who will be the worthy successor of eth assuming that there will ever be one

[badbart]

I remember a few years ago there was a project like this.

Where you had to own the coins to be able to mine the coin. Coin profitability was actually very high. Because many miners had to purchase the coins to be able to mine.

Then…. Exit scammed.

Forgot the name of this coin? Maybe someone remembers?

Bit Free Cash, I remember watching it blow up.

[JayDDee]

-a free market without any rules is not good

Freedom is so dangerous it must be prevented.

[OgNasty]

I remember a few years ago there was a project like this.

Where you had to own the coins to be able to mine the coin. Coin profitability was actually very high. Because many miners had to purchase the coins to be able to mine.

Then…. Exit scammed.

Forgot the name of this coin? Maybe someone remembers?

Bit Free Cash, I remember watching it blow up.

Never heard of that one, but it seems somewhat similar to what happened with Ravencoin once ETH went PoS.  You say a lot of people buying in to get ahead of the blow up in price when everyone started mining them and thus needed higher profitability.  Then, it crashed leaving all the people who bought in thinking the price would jump up to maintain profitability as bagholders.  A story as old as time...  Buy the rumor, sell the news.  Unfortunately, for many of these "new" coins, they don't have the liquidity available to survive the sell the news phase, so it turns into a rug pull. 

[alekSalac]

I remember a few years ago there was a project like this.

Where you had to own the coins to be able to mine the coin. Coin profitability was actually very high. Because many miners had to purchase the coins to be able to mine.

Then…. Exit scammed.

Forgot the name of this coin? Maybe someone remembers?

yes, i remember too. but I do not propose a new coin, but that this system (or similar) be implemented in existing coins such as etc,erg,rvn,beam...

[ZeeeN]

I remember a few years ago there was a project like this.

Where you had to own the coins to be able to mine the coin. Coin profitability was actually very high. Because many miners had to purchase the coins to be able to mine.

Then…. Exit scammed.

Forgot the name of this coin? Maybe someone remembers?

i forgot name of that coin use HDD to mine from last year it come after CHIA.

you need to buy coin before mining everyone saw price  going up buy it and mine  it around 1-2week  than.....it same story of your.

[adaseb]

I forgot when that project blew up but if I recall is was probably during a period of low miner profitability. So many decided to scam a bunch of miners because they knew they would be desperate for any miner income and hence why the scam was so successful.

I have a feeling that something similar might pop around this time. Imagine making $5/day/gpu as long as you bought a coin for $25/gpu. Many miners would probably go for that scam out of desperation.

[FP91G]

When comparing RTX 4090 to RTX 3090 Ti, we can see a lot of similar memory specs, but the core specs are 60% better than the RTX 4090. Based on this, we can assume that the hashrate of 4090 will be similar to or slightly higher than the RTX 3090 Ti on the memory-intensive algorithms. This means around 140MH/s on the ETChash algorithm.

Because RTX 4090 has about 60% higher core count and about 100% faster core clock speeds, we can assume that the hashrate on the core intensive algorithms will be around 50%-80% higher than on the 3090 Ti.
https://www.nicehash.com/blog/post/nvidia-rtx-4090-specs-and-mining-hashrate?lang=en

The new generation will not make life much more difficult for miners.