Alice_PoW
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After reading Daniel644's posted link, I have to ask the same from you: Please try reading Danie644's link. After that you surely will be able to understand the value of things which are transacted via a blockchain and why they are transacted via a blockchain. https://hackernoon.com/why-use-the-blockchain-instead-of-a-database-what-gives-tokens-value-263449681153
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Isn't this the discussion about intrinsic value and why and how we as humanity prescribe value to certain things?
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It is, but it's enegry efficient, as least thats what the guys on discord say. And at the moment I still think it is useful to mine cryptocurrencies, as that's how a network is secured and wealth is generated. Mining for rare metals is also useful, isn't it? Even if we just put those around our necks, or is it?
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It's not using this for encryption per se, but rather for doing something different as the proof of work, to maintain asic resistance long term without forking, as I understand it. The solution of a traced ray is used to hash it with blake2b. Why do you think this is just a gimmick?
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It seems to be it's mined right now. I think there would'nt arise any problem regarding this anytime soon, as the 2080s are costly and don't provide any legitimate ROI timeframe, yet.
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I found this and I have to ask you guys if this is legit and worthwhile ?: Raycoin (RAY) First Ray Tracing Proof-of-Work - Mine with RTX 2080/70 GPUs https://bitcointalk.org/index.php?topic=5066017.0;all Some pics of traced rays which are used for the alternate type of proof-of-work: Please tell me this could be the next best thing in mining, as it supposedly consumes less electricity and makes use of those quite useless RTX Cards... Thank you for any reply ?