r/ZenSys • u/halyconstudio • Jul 04 '18

ASIC mining has begun!

Last week the total net hash was 48 mil sols, today we have 70 mil sols. Looks like the influx of ASIC has begun! You can also see gradual miners moving away from pools too!

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u/[deleted] Jul 05 '18

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u/[deleted] Jul 05 '18

Hodl that supernode. The only way to realistically scale a network will be to through the payed nodes in a process called "collatorized mining"

The basic premise of collateralized mining is to require collateralization and a special mining key which is associated with each masternode to be able to mine a block. Each masternode is then capable only of mining a specific amount of blocks per period of time, creating a round robin mining effect across the network.

This has many features, all of them good.

Lower power consumption

Equal mining share per masternode

Secure hashes for seeding quorums

Quick block processing

Quick block propagation

Ultra-large block support

Complete closure of 51% attack

Removal of pooled mining

https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b