I recommend you listen to the CryptoVoices podcast about hs91.net. They came up with the distributed ledger technology (DLT) concept in 1991 . They opine that there are simpler and easier ways to secure the blockchain. Proof of Work (PoW)…
Lynx mining and consensus rules
I asked Ben (lead developer of Lynx): Ben, I was reading up on the block creation… seems like there are few moving targets like time stamp. Someone proposed that you could “hack” the mining process by matching up the hash…
Lynx in-wallet mining vs minerd comparison
Mining Lynx with minerd I mined with minerd on the PC . Hashrate is more efficient using scrypt miner than the in-wallet miner. Still, the amount of energy you spend to mine 10k blocks is not profitable. I don’t recommend…
Letter to Stephen Williamson – Federal Reserve Bank of St. Louis
17 October 2018 Mr. Stephen Williamson Research Division Federal Reserve Bank of St. Louis P.O. Box 442 St. Louis, MO 63166-0442 Mr. Stephen — I read your paper “Is Bitcoin a Waste of Resources?” and wanted to respond to Argument #3:…