On 18 May 2014 00:37, Andrew McGlashan < [email protected]> wrote:
> Mining any kind of cryptocurrency that is like BitCoin is pointless; if > you don't have the /right/ ASIC, you get nowhere and if you use non ASIC > gear, then it is very power hungry -- that goes strongly against your > views on so called climate change. > Not sure how your answer relates to starting a new cryptocurrency. In Bitcoin, the difficulty is automatically adjusted based on the rate blocks are being produced. So if you are starting your own cryptocurrency, and don't care about creating a distributed system, you would only have one "miner"[1] you could make sure - by adjusting the various parameters - it is very easy to create new blocks. In fact you could set it up that any blocks created by your miner are automatically accepted, and the miner produces a block based on a cron job. Not sure why you would want to however. There are already too many different Cryptocurrencies, most attempting to compete with Bitcoin, each with different parameters that supposedly make it better then Bitcoin (but this is not always the case). Also see https://en.bitcoin.it/wiki/Testnet Or is this a general complaint about Bitcoin? If so, see: https://en.bitcoin.it/wiki/Myths#Bitcoin_mining_is_a_waste_of_energy_and_harmful_for_ecology Notes: [1] I hate this terminology. The purpose point of "miners" is to create sequential blocks in a non-deterministic and distributed manner. Creating money is just a fortunate side effect. -- Brian May <[email protected]> _______________________________________________ Free-software-melb mailing list [email protected] http://lists.softwarefreedom.com.au/cgi-bin/mailman/listinfo/free-software-melb Free Software Melbourne home page: http://www.freesoftware.asn.au/melb/
