Down with centralization: how the new algorithm ProgPoW will help in the fight against ASIC mining
Source:The Team EOS Classic recently reported on the status of implementation of the algorithm ProgPoW in Geth, the official Go client for the Ethereum. It happened almost immediately after the head of security Ethereum Foundation Martin Canvas Svend opened a pool-rekvest on to test the integration complexity ProgPoW to the client.
How it works ProgPoW
ProgPoW (Programmatic Proof of Work) is a version of the algorithm Proof-of-Work aimed at the elimination of the gap in efficiency between astami and graphics cards.
The Principle of operation ProgPoW a little different from other algorithms that are resistant to ASIC mining. The producers of Asimov can even get around them with enough economic incentives. For example, if the coin is quite popular and is increasing in value, the efforts thrown into the development of Asimov under its algorithm, can significantly pay off.
Currently the «strong» algo against azicam is Ethash. Even acne Buterin not think that Bitmain has a direct threat to Ethereum. But among the «hacked» algorithms (Equihash, X11), the efficiency of Asimov exceeds the performance GPU in 50-1000 times. ASIC mining Ethash gives only a 2x advantage over the cards.
ProgPoW uses similar to Ethash method of protection, namely an increase in the size of the DAG file, which must be downloaded to the device memory before the calculation. Therefore, the performance of hashing is limited by the number and speed of the memory hardware.
ProgPoW also has its own characteristics. The algorithm developed specifically for the hardware features of the GPU, and ASIC mining on ProgPoW increases the efficiency of mining coins is only 1.2 times. ProgPoW is a programmable algorithm, so it can be optionally enabled (even occasionally) using softforce.
theProgPoW in Ethereum
In his bullet-request Svend noted that to integrate ProgPoW «extremely simple», even if «it is a new kind of consensus». An hour later the information appeared that the team EOS Classic will join the process and run for public testnet ProgPoW.
However, some users of Reddit were skeptical of the initiative integration of the new algorithm. In their opinion, the new changes «nearly half» increase the time of verification of the block. Moreover, from the developers demanded «to make greater efforts to combat ASIC-mining».
theWhy do we need ProgPoW
Resistance to ASIC mining is not just a question of decentralization and anti-monopoly equipment manufacturers. An alternative way of mining cryptocurrency attract more interest from the public and help build a community project. One of the reasons for the rapid growth of Ethereum has become a relatively low entry threshold in mining for solid ETH for the network of the first miners did not need the whole hangars usikami.
ProgPoW easy to implement in Ethereum and other coins on the basis of cryptocurrency. To improve EIP-1057 is already a proposal to move to a new algorithm. At the same time, community Ubiq also ponders the possibility of integration of the upgrade by a vote for UIP-1.
While community Ethereum is not willing to move to ProgPoW, now all attention is chained to, if PoS-mining in the near future. If all goes according to plan, ProgPoW still can be a good alternative.
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