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How Monero’s proof of work works

How Monero’s proof of work works

alcazar

Comments (164)

  • dgacmu
    If folks are interested in the old Monero PoW function (and, uh, the reason they changed it), I wrote up a thing about it a long time ago:https://da-data.blogspot.com/2014/08/minting-money-with-mone...The history of people trying to design GPU or ASIC-resistant proof-of-work functions is long and mostly unsuccessful. I haven't looked into RandomX; it's possible they've succeeded here (or possible that with the alt-coin market mining profitability tanking after Ethereum moved to proof-of-stake, it just wasn't worth it).
  • hyc_symas
    I walked through the design at Monerokon in 2019 here https://www.youtube.com/watch?v=4Hkd-n1W_e4
  • NooneAtAll3
    ugh, "GiB"author sold his soul to marketmen
  • anon
    undefined
  • j4cobgarby
    I never quite understand this stuff, maybe someone can help.Are cryptocurrencies supposed to be a potential replacement for real life cash? This was my understanding of the motivation behind Bitcoin, at least.If so, why does it make sense that people can "generate" cash by proving some amount of work done? This of course cannot be done with normal cash.Is the main functionality of these cryptocurrencies supposed to be "people can send currency to each other", or "people generate currency -- a number -- and sell this currency for real life money"?
  • KolmogorovComp
    The article skip over the results? Did the design succeeded? Which hardware do miner uses, and is it evenly distributed? Can I mine Monero on potato hardware?
  • OsrsNeedsf2P
    Can someone explain to me why RandomX miners don't just generate programs without branching? I'm a bit confused on why that's not possible
  • tomjen3
    I had hoped this would describe a system that did not use very large amounts of power. Sadly it does.
  • kerkeslager
    Side question: what's the least scammy and complicated way to buy Monero these days?
  • residentzero
    RandomX has some interesting use cases beyond MoneroRandomX in Javascript (web mining?)https://github.com/l1mey112/randomx.js/Bitcoin with RandomX (agentic cash?)https://scashnetwork.org/https://miningpoolstats.stream/satoshicash
  • legalmoneytalk
    [flagged]
  • add-sub-mul-div
    [flagged]
  • Aeroi
    you guys can downvote this, but it's a useless waste of compute, detrimental to resource scarcity and energy constraints, not really solving problems in society.
  • nmz
    So many people here know how bitcoin works but don't know that it doesn't.It is hilarious.