follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - AndrewIdena

Pages: [1]
1
Very few mining pools control the Bitcoin network in one area at great expense:
- 19 mining pools
- 3 pools control 51% of the hashrate
- 80% of the hashrate is in China
- $0.05 is breakeven cost per 1 KWh

Ethereum does not change the game:
- Initial wealth (70% is premint) is in a few hands: 53% is owned by 400 wallets.
- Mining is monopolized: 2 pools control 51% of the hashrate.
- Returns are miniscule: $0.3 daily earnings in PoS with 32 ETH min stake.

I am not allowed yet to post links, you can check btc and etherscan for stats.

Are there any alternatives?

2
Forum Announcements / Re: Projects introduce yourself
« on: October 21, 2019, 02:04:38 PM »
This is a great way to welcome newcomers, thanks!

I am Andrew, I have been involved in blockchain projects since 2015. I have walked my way from admiring Bitcoin and Ethereum to understanding that Proof-of-Work and Proof-of-Stake mining are based on capital, with larger players enjoying economy of scale and adopting anti-competitive practices, and smaller players vanishing. There the rich get richer, and blockchain mining must be democratic: The blockchain node should be light enough to run on an average computer or laptop. I was looking into blockchain projects ensuring decentralization and fairness.

This is why I contribute to an opensource project called Idena. It is a Proof-of-Person blockchain with easy access and democratic mining.

We need to take the next revolutionary step in decentralization: to formalize the human person, to create a new kind of digital identity to match to the censorship-resistant cash of Bitcoin and the decentralized governance mechanism of Ethereum to unleash its full potential. The Idena network allows for a proof of humanity and proof of uniqueness for its participants. It does not require any personal data sharing, does not reveal a person’s identity, and does not need a third-party identification center. Idena is based on a network of people mutually validating their humanness and uniqueness with the help of synchronous AI-hard Turning test.

You are welcome to join the testnet, express your opinions, contribute your knowledge!

3
Forum related / Re: Hi, introduce yourself
« on: October 21, 2019, 01:32:12 PM »
Hi everyone! My name is Andrew, I work as a developer for a crypto project.
I stand for the human right to share information and exchange value freely and privately and believe that decentralization is the future.
I'll be happy to learn from the community and share my knowledge.

Pages: [1]
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod