Richy_T
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January 24, 2016, 04:34:43 AM
Last edit: January 24, 2016, 04:49:34 AM by Richy_T

Any fork with a low hashrate would be subject to what Luke-jr did with to Coiledcoin.

Hi Richy, what if the lesser fork adopts a new proof of work algorithm that obsoletes the existing mining hardware?


I believe when Luke-jr did what he did, we were not on ASICs yet. Starting from scratch is rolling the dice. There are a lot of powered down (or being used on altcoins) GPUs out there. Who controls them?

ASICs will be produced for the new POW in a couple of weeks to months tops in any case. Or would be if it wasn't going to be effectively dead.