Dimelord (OP)
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June 23, 2014, 01:30:09 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining...
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DannyHamilton
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June 23, 2014, 03:21:31 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining...
It would require the replacement of all the current ASIC miners with a whole new generation of ASIC miners, but other than that it would have very little effect on mining.
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BurtW
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June 23, 2014, 03:39:30 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining... A simple checksum would be much easier to compute and much faster than even MD5.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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Sukrim
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June 23, 2014, 05:16:51 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining...
You are probably thinking it would be far faster to "mine" MD5(MD5(header, nonce)) because MD5 is "broken"? Sorry, while MD5 is broken, it's not (yet?) broken in that way... There are no shortcuts when using it for mining. Also it would just mean that the difficulty would adjust upwards to correct for the "brokenness". Feel free to implement an altcoin using MD5 and see for yourself.
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BitCoinDream
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June 23, 2014, 05:26:16 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining... This kind of a change will only result in an Alt ...because getting mass consensus is almost impossible for Bitcoin now.
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Dimelord (OP)
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June 27, 2014, 10:46:23 AM |
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interesting responses. I posted this thread on a whim. I really didn't know a whole lot about MD5. Now I'm curious. Look for anm MD5 altcoin soon
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franky1
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June 27, 2014, 10:51:13 AM |
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the OP wrote it as a joke, yet the replies deserve this:
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Dimelord (OP)
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June 27, 2014, 08:23:57 PM |
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the OP wrote it as a joke, yet the replies deserve this: lol. Nobody appreciates a good joke thread around here.
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Sukrim
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June 27, 2014, 08:32:49 PM |
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I fail to see what's "funny" about this...
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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June 27, 2014, 08:39:07 PM |
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I fail to see what's "funny" about this...
you fail to see sarcasm well, there would definetly be a boom on sha-256 altcoins for asic owners to take refuge in. if you ask me, i would change algo every year, hate to see mining in industry hands, and not in the hands of simple folks. cheers
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str4wm4n
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June 27, 2014, 09:18:02 PM |
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I snickered
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Swordsoffreedom
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Leading Crypto Sports Betting & Casino Platform
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June 27, 2014, 09:28:38 PM |
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I snickered since serious nominations belong in Technical and Developmental Discussion Mean (Mumble I know where things go now why!) Lol
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The00Dustin
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June 28, 2014, 10:40:17 AM |
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I fail to see what's "funny" about this...
Pretty sure it was mostly the troll face included in the post pretty much saying "I'm trolling because all the people who want to change the algo always get shot down and never search"
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Sukrim
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June 28, 2014, 06:32:59 PM |
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So trolling/spaming is now considered a "joke thread"?
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the joint
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June 28, 2014, 06:39:11 PM |
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I fail to see what's "funny" about this...
you fail to see sarcasm well, there would definetly be a boom on sha-256 altcoins for asic owners to take refuge in. if you ask me, i would change algo every year, hate to see mining in industry hands, and not in the hands of simple folks. cheers Wouldn't the network become more vulnerable right at the time that the algorithm changes? I find it hard to believe that even a majority of active miners would be ready to go at the first block after the change. Could that provide a small window of opportunity for attackers once per year?
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DannyElfman
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June 28, 2014, 08:05:40 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining... This kind of a change will only result in an Alt ...because getting mass consensus is almost impossible for Bitcoin now. you can get a consensus to make changes to the Bitcoin protocol as we do get this whenever bitcoin core is upgraded. The problem is getting a radical of a change as this is
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This spot for rent.
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Dimelord (OP)
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June 28, 2014, 11:16:12 PM |
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So trolling/spaming is now considered a "joke thread"? I was just trying to get people to laugh... Lighten up guys
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bitcoinbit111
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June 29, 2014, 03:33:56 AM |
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I fail to see what's "funny" about this...
His name is "Dimelord" FFS. Expect him to be a bit dimey wimey at 'times'.
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Dimelord (OP)
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June 29, 2014, 02:09:32 PM |
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I fail to see what's "funny" about this...
His name is "Dimelord" FFS. Expect him to be a bit dimey wimey at 'times'. lol I see what you did there Not a whole lot of people get my name.
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BurtW
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June 29, 2014, 02:18:55 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining... A simple checksum would be much easier to compute and much faster than even MD5. I thought it was very funny. People around here are soooo serious.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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lihuajkl
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June 29, 2014, 02:30:20 PM |
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I think we need to change Bitcoin's algo to MD5. It would be much better for mining... Some big pools who gain high hashpower have invested a lot of capital to most efficient mining rigs.They wouldn't be willing to implement radical changes.
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coffee999
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June 29, 2014, 06:10:38 PM |
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Also, pardon my ignorance, but where is the best place to get the md5 checksums for previous electrum versions?
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teknohog
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June 30, 2014, 10:26:08 PM |
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I'm half seriously thinking of a MiDa5coin to go with this algo. Maybe MD5 + SHA1 to stay retro while adding to perceived security. I'm not going to launch/maintain a coin by myself, just thinking of some low hanging GPU fruit
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Dimelord (OP)
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July 01, 2014, 12:14:16 PM |
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I'm half seriously thinking of a MiDa5coin to go with this algo. Maybe MD5 + SHA1 to stay retro while adding to perceived security. I'm not going to launch/maintain a coin by myself, just thinking of some low hanging GPU fruit lol I know some people who would jump in on that.
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bluefirecorp
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July 01, 2014, 12:16:51 PM |
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I'm half seriously thinking of a MiDa5coin to go with this algo. Maybe MD5 + SHA1 to stay retro while adding to perceived security. I'm not going to launch/maintain a coin by myself, just thinking of some low hanging GPU fruit Toss on DES to it (I know, it's not a hash, but might as well!)
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teknohog
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July 01, 2014, 03:10:36 PM |
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I'm half seriously thinking of a MiDa5coin to go with this algo. Maybe MD5 + SHA1 to stay retro while adding to perceived security. ...
lol I know some people who would jump in on that. Another name I thought up was "RetroHash", but I see it is already taken, though not in a crypto context. I can't believe there isn't a Midascoin already.
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teknohog
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July 01, 2014, 03:14:17 PM |
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Maybe MD5 + SHA1 to stay retro while adding to perceived security.
Toss on DES to it (I know, it's not a hash, but might as well!) Perhaps encrypt one of the hashes with DES, using the other hash as the key? We could also add a huge number of rot13 stages to make hashing extra hard
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bluefirecorp
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July 02, 2014, 04:34:38 AM |
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Maybe MD5 + SHA1 to stay retro while adding to perceived security.
Toss on DES to it (I know, it's not a hash, but might as well!) Perhaps encrypt one of the hashes with DES, using the other hash as the key? We could also add a huge number of rot13 stages to make hashing extra hard Double rot13 is best.
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