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General Discussion / Re: Sparkle Alpha Test Network Live: Mining to be Honored in Real Network
« on: November 30, 2014, 04:25:00 pm »
Wouldn't people just set up multiple deposit privkeys? You don't need to reinvent the wheel on PoW in order to make this coin a success.
I would think that any kind of PoW algorithm would eventually tend towards centralization; the only thing that you can really do is pick a more obscure algorithm so that the current farms can't use their ASICs to mine it, then maybe introduce changes to the algorithm via consensus to stay 1 step ahead of newly developed ASICs.
I would think that any kind of PoW algorithm would eventually tend towards centralization; the only thing that you can really do is pick a more obscure algorithm so that the current farms can't use their ASICs to mine it, then maybe introduce changes to the algorithm via consensus to stay 1 step ahead of newly developed ASICs.