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 Ads bidding Bidding Open

Author Topic: Mining is Dead: How Do U Incentive transaction servers?  (Read 854 times)

Offline emma.lee1890

  • Sr. Member
  • *
  • Activity: 460
  • points:
    1161
  • Karma: -20
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 01, 2018, 06:17:54 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Mining is Dead: How Do U Incentive transaction servers?
« on: December 01, 2018, 01:37:26 PM »
Mining is DEAD, and its not coming back, difficulty will remain high, because 100K S-9's in CHINA will be re-deployed as $10/ea space heaters. Re-purposed for the pure purpose of mining for 'pristine' keys, not handling transaction.[ Billions of dollars of Pristine 'satoshi' addresses, still wait for some lucky person to crack their key; The best part is all these addresses include public-keys, which makes the DLP problem super trivial/easy to solve when a HUGE number of servers are at task. ]
With no incentive to run full tx-index servers, and no incentive to handle transactions, what is the hope in the future of bitcoin transactions?

ZenCash has a good model, of paying people in Zen to run secure-nodes, and super-secure-nodes, but I don't see any incentive for running transacction servers in the bitcoin world, Difficulty will not go down, but people will be people, and given that you can't mine properly there is no incentive to process transactions, the only utility is running an S-9 as a space heater and hoping it find a bitcoin every two years, at the current difficulty.

The original idea of Satoshi's bitcoin, was that everybody ran a full-node and processed transactions, and every 10 minutes, somebody found a block, and by consensus +51% that block was accepted, and that user-address got credited and validated in time. In the future, most of the re-deployed S-9 miners ( and all the clones and earlier versions ) will be redeployed to scan for 'lost pristine' satoshi coins, which are where the REAL MONEY is at, the CHINESE are not stupid, what's the point of running a space heater to maybe find a bitcoin, when you can run the heater as a LOTTO, and maybe get 50 bitcoins.

So what's the plan by BITCOIN-CORE community here to address the issue, we know there is a scaling problem, we know that the current bitcoin server network can't handle traffic, so how in the hell is all this going to work in the near future where MINING IS NO LONGER PROFITABLE, like it is now.

Altcoins Talks - Cryptocurrency Forum

Mining is Dead: How Do U Incentive transaction servers?
« on: December 01, 2018, 01:37:26 PM »

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


 

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