shmadz
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000


@theshmadz


View Profile Personal Message (Offline)

Ignore
January 04, 2015, 02:19:23 AM

What about a more modern SHA256 altcoin?  One which is more profitable to mine & most miners switch to to make money?

I've also been thinking about this. At the risk of being spammy, allow me to reiterate:

Quote
Here's a thought experiment:

What happens if some crypto with superior features (say Monero just for the purposes of this experiment) starts to gain market share to the point where it becomes more profitable to mine (probably already happening) - but here's the interesting part...

What if that coin decides to allow for some kind of dual-mining algorithm,  say perhaps a hard fork to allow the current mining scheme to continue, but also add sha-256 to be mined on the same node, almost like merge mining, to allow for some bonus distribution of coins?

Just a hypothetical situation, but something like this is just one more way to attack the security of the Blockchain...