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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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All paid signature campaigns should be banned.
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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. |
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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The revolution will be digital
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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:  |
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 |
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
Newbie
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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
Legendary
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Activity: 2646
Merit: 1130
All paid signature campaigns should be banned.
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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. |
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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