On 18 May 2014 00:37, Andrew McGlashan < andrew.mcglashan@affinityvision.com.au> wrote:
Mining any kind of cryptocurrency that is like BitCoin is pointless; if you don't have the /right/ ASIC, you get nowhere and if you use non ASIC gear, then it is very power hungry -- that goes strongly against your views on so called climate change.
Not sure how your answer relates to starting a new cryptocurrency.
In Bitcoin, the difficulty is automatically adjusted based on the rate
blocks are being produced. So if you are starting your own cryptocurrency,
and don't care about creating a distributed system, you would only have one
"miner"[1] you could make sure - by adjusting the various parameters - it
is very easy to create new blocks. In fact you could set it up that any
blocks created by your miner are automatically accepted, and the miner
produces a block based on a cron job.
Not sure why you would want to however. There are already too many
different Cryptocurrencies, most attempting to compete with Bitcoin, each
with different parameters that supposedly make it better then Bitcoin (but
this is not always the case).
Also see https://en.bitcoin.it/wiki/Testnet
Or is this a general complaint about Bitcoin? If so, see:
https://en.bitcoin.it/wiki/Myths#Bitcoin_mining_is_a_waste_of_energy_and_har...
Notes:
[1] I hate this terminology. The purpose point of "miners" is to create
sequential blocks in a non-deterministic and distributed manner. Creating
money is just a fortunate side effect.
--
Brian May