Any new PoW coins on the market?

[Abiky]

Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much.

[o48o]

Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much.

If you want to mine them, there's a list of new ones in here

https://miningpoolstats.stream/newcoins

But i honestly think that those are not going anywhere, because of the propaganda you mentioned, and the fact that you can't trade them in dexes. If they don't have any funding they will be listed on some random free CEXes and won't get any traction.

And i disagree with PoS centralization, especially against new PoW coins that are mined in 2 mining pools and can be easily controlled just one mining farm. And stuff like that. Not every solution needs a new chain.

[jossiel]

Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

[FP91G]

Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

There are already a lot of Kaspa coins in circulation and its mining requires expensive ASICs, the payback of which may seem dubious. I would choose ASICs for Bitcoin.
KAWPOW is probably the latest algorithm for video cards without ASICs, but this algorithm is the hottest for video cards.

[ShinyStarPrincess]

Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much.

The best alternative PoW is $KAS is the only one "new" that has the potential to grow and survive. Check the subreddit so you can be more informed and actualized. Also, check In dextools for liquidity when you want to  sell check Bitget that is one of the most used by the KAS miners and holders

[jossiel]

Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

There are already a lot of Kaspa coins in circulation and its mining requires expensive ASICs, the payback of which may seem dubious. I would choose ASICs for Bitcoin.
KAWPOW is probably the latest algorithm for video cards without ASICs, but this algorithm is the hottest for video cards.

Nothing beats ASICs for Bitcoin.

The best alternative PoW is $KAS is the only one "new" that has the potential to grow and survive. Check the subreddit so you can be more informed and actualized. Also, check In dextools for liquidity when you want to  sell check Bitget that is one of the most used by the KAS miners and holders

That's what they are saying but not until we see the actual thing in the coming bull run then that's not yet proven. Anyway, it's one that I have been seeing popping on my wall.

Might because Google has been hearing what I have read before but they don't appear much to me anymore.

[Abiky]

If you want to mine them, there's a list of new ones in here

https://miningpoolstats.stream/newcoins

But i honestly think that those are not going anywhere, because of the propaganda you mentioned, and the fact that you can't trade them in dexes. If they don't have any funding they will be listed on some random free CEXes and won't get any traction.

And i disagree with PoS centralization, especially against new PoW coins that are mined in 2 mining pools and can be easily controlled just one mining farm. And stuff like that. Not every solution needs a new chain.

I'm surprised there are so many PoW coins out there, when there's so much propaganda against them (particularly by mainstream governments). It looks like PoW won't become "extinct" anytime soon. Unfortunately, most of the projects found on the link above don't bring anything useful to the world. They're clones from one another. Anyone who mines these coins would only be doing it for fun. Not to turn a profit.

Let me tell you, PoW is decentralized but that doesn't mean it's perfect. PoW can be compromised if only a few players (such as mining pools) control 51% of the network. Bitcoin SV is a good example of a PoW coin that's highly-centralized. Maybe hybrid consensus mechanisms (PoW + PoS) are a better solution?

Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

The good-old Ravencoin is still "kicking" after all these years. I like the fact that the project constantly changes its PoW algorithm to remain ASIC-resistant. Sort of how Monero and Vertcoin are doing today. This enables higher decentralization, as nearly everyone has access to either a CPU or GPU. In countries where crypto is illegal, obtaining and running an ASIC mining hardware could be quite challenging. Coins like the ones mentioned before would allow people from such countries to mine "under the radar".

Either way, expect PoS coins to become the majority due to false propaganda from mainstream governments. I wouldn't worry about this as long as decentralization wins in the long run.

[jossiel]

Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

The good-old Ravencoin is still "kicking" after all these years. I like the fact that the project constantly changes its PoW algorithm to remain ASIC-resistant. Sort of how Monero and Vertcoin are doing today. This enables higher decentralization, as nearly everyone has access to either a CPU or GPU. In countries where crypto is illegal, obtaining and running an ASIC mining hardware could be quite challenging. Coins like the ones mentioned before would allow people from such countries to mine "under the radar".

Either way, expect PoS coins to become the majority due to false propaganda from mainstream governments. I wouldn't worry about this as long as decentralization wins in the long run.

Yes, we're all for that as what crypto is started and that's for the decentralization.

With all of these propagandas and consensus that's being shown to the public, there's also one belief that everything should be PoS.

But little did these people know that this is what's going to kill decentralization and they gonna make these rich richer if they're pushing for it.

[rhomelmabini]

Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much.

Not gonna lie but it seems a dying industry and only a few will survive. Well,  government seems to be a huge antagonist in this POW or mining thing unless there's someone that will really stand for it and make it a trend once again. The thing with POW is that it's only good these days with huge facilities and you'll get cheaper cost with renewable resources.

[anhthanh8qun8a]

I don't think Proof of Work (POW) will continue to develop strongly. In the end, it's likely that only Bitcoin will remain, as you can see it consumes too much energy. Up to the present time, using renewable energy for essential business operations in the media industry seems better to me. I believe that using renewable energy for what we call POW is a better choice. In recent years, Proof of Stake (POS) has been developing rapidly, especially since Ethereum transitioned to POS. We can see that trend becoming clearer.

[honglu69]

Here two relatively new POW of coins that taylored to home based small solo miners with special difficulty algorithm on top of traditional scrypt or sha256.

Nengcoin (NENG):  scrypt coin, litecoin clone with randomSpike difficulty algorithm.  The best mining device: Futurebit Moonlander2 USB ASIC,  solo mining favored.  This is first kind of randomSpike coin.   Another popular mining platform:  android phone using Userland app running linux command line,  low powered mining on "cheetah_cpuminer" CLI interface terminal.   Android phone mining profit is about a few blocks per month, can not be compared to USB ASIC, but low powered and iddle for most of time, not impacting regular android phone usage, works great for work from home phone usage on wifi.

Cheetahcoin (CHTA):  bitcoin's cat meme coin on sha256,  bitcoin clone with randomSpike difficulty algorithm.  The best mining device: gekko newpac,  gekko 2pac, gekko compac F.  solo mining favored.  This coin is not android phone mineable.  It used to be very profitable last year on android phone mining,  on latest version core, it is not feasible on phone mining,  mainly for USB ASIC solo mining with very high profitability on reset period.


Both NENG and CHTA are new kind of pow coins.  The randomSpike difficulty algorithm are introduced to favor solo mining, reduce 51% attack security risk, and incentive the mining to small home based miners.

[The Cryptovator]

I am not aware of any new PoW coins lately. Most probably, de elopers aren't much intered due to the centralised government drama about power consumption. Developers found a new way to use PoS where mining isn't required, meaning no power consumption at all. We know PoS is less secure than PoW, but we are hopeless due to drama.

[manhtruang9a]

Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much.

You can still profit from POW projects up to the present moment, but the future is uncertain. ETH has shown the ability to adapt its mechanism from 2020 until now to maintain its top position, so POS is indeed necessary because all recent development projects are utilizing POS mechanisms. However, they are continuously addressing the decentralization issue concerning token distribution. Of course, everything can be resolved; it's just that projects that previously used an inadequate tokenomics model will be left behind, serving as a lesson for future development projects.

[dansus021]

I didn't hear any new PoW coin that made a major move last I heard is EthererumPOW and Kadena if I'm not mistaken. Like you said most of the developer now just deploy their token on Layer 1 chain like BNB or ETH or other EVM chain because it is easy to deploy and easy to get listed because there is a lot of Decentralized Exchange out there.

Or they make another coin based on Layer 1 which is called Layer 2 for scalable like Polygon or arbitrum but Yessss I do missing the good ol days of mining.

one of their struggles is when they created newly Coin with their own chain to get listed on exchange would be hard because they do need a lot of money to get listed.

[vectisitch]

I've been mining since 2014 and am currently switching between Neoxa and Ergo. These are not at the highest profitability but i'm not mining to dump. I'm holding them for the later bullrun. Kaspa is a waste of time unless you have the asics. Nothing else imo is worth the effort.

[Abiky]

I am not aware of any new PoW coins lately. Most probably, de elopers aren't much intered due to the centralised government drama about power consumption. Developers found a new way to use PoS where mining isn't required, meaning no power consumption at all. We know PoS is less secure than PoW, but we are hopeless due to drama.

It's all the government's fault. They kept pushing the "high energy consumption" narrative, forcing developers to switch to a different consensus algorithm (mainly PoS). Now that Ethereum went full PoS (since last year), all other altcoins are doing the same. I'd say around 90% of cryptocurrencies have PoS as their main consensus algorithm. The rest are pure PoW. This means that most coins are centralized, while only a small few are truly-decentralized.

If this keeps up, only Bitcoin will remain as the sole PoW cryptocurrency in the future. I'm fine with that as long as decentralization wins in the long run. Who knows how much time left do PoW-based altcoins have? Just my opinion

[Beerwizzard]

I'm surprised there are so many PoW coins out there, when there's so much propaganda against them (particularly by mainstream governments). It looks like PoW won't become "extinct" anytime soon.

ASIC miner producers are billion dollar companies. They are not going anywhere and keep releasing new miners.

In terms of POW altcoins like Kadena, you shouldn't mine them 24/7. Miners are always checking the most profitable coins at the moment. So you may buy an ASIC miner for BTC but switch it to Kadena for some time (can be even a few hours) once rewards are higher so you don't need to buy expensive equipment for alts only.

[Abiky]

ASIC miner producers are billion dollar companies. They are not going anywhere and keep releasing new miners.

In terms of POW altcoins like Kadena, you shouldn't mine them 24/7. Miners are always checking the most profitable coins at the moment. So you may buy an ASIC miner for BTC but switch it to Kadena for some time (can be even a few hours) once rewards are higher so you don't need to buy expensive equipment for alts only.

I hope so. It would be up to ASIC manufacturers to make their hardware energy efficient with every release. Not only that, but miners themselves would have to rely on alternative energy sources. Once PoW becomes "environmentally-friendly", governments will have no excuse to keep targeting coins with such consensus mechanism. There's been some progress in the mining industry, so I'm confident PoW coins will be here to stay.

The more PoW coins we have, the more decentralized the industry will be. Unfortunately, PoS coins dominante a large portion of the market. Don't expect this to change anytime soon, especially when exchanges and whales are profiting from it. Money talks, right?

[Xal0lex]

PoW has long been tried to be presented as something bad and harmful to the environment. No one wants decentralization and censorship resistance. Governments are spreading false narratives that PoW coins threaten the environment. We're unlikely to see any major projects on this technology because developers will be increasingly inclined to favor regulators. Cryptocurrencies have long since stopped being created for crypto users who value PoW. It is much easier for everyone to launch PoS projects and quietly make money on it.