As long as there is some hashpower / mining pool that can support it during the initial fork date and beyond, it could work. They can learn alot from the Bitcoin Cash procedures. Then keep maintaining it.
As long as there is some hashpower / mining pool that can support it during the initial fork date and beyond, it could work. They can learn alot from the Bitcoin Cash procedures. Then keep maintaining it.
The initial fork date was a month ago. Since they are free to specify the initial difficulty in the specifications they don't depend that much on hashpower. Any old computer or raspberry pi would do to "seed" the mining.
Hoping a more futuristic route instead of GPU. Perhaps a smartphone chip maker can come up with mining on their specific chip thus making it special and valuable. Of course then the algorithm may need some changes to suit it. But it will become viable since people need smartphones. Today almost all are very similar if you have a snapdragon highest chip. For example Xiaomi or Huawei just smaller chip maker but they could make it happen to their advantage. So users of their chip will be able to mine while other chips unable or maybe able if they cooperate . Then we have a truly distributed network since smartphones are everywhere, faraway places and more.
A coin that can only be mined on Samsung Galaxy, that would be "centralization" in my head ... then again, perhaps not worse than Bitcoin, which for almost all practical purposes are only mined on the AntMiner S9. Anyway, think of how disturbing that would be - tons of people always carrying lots of extra USB batteries with them, or never leaving home because they need to be tethered to the electricity network mining coins on their phones.
Also, the algorithm obviously has to be public - there is no way one can stop someone from making an ASIC - except by changing the PoW-algorithm by hardforks every second month or so.
True. I'm sure there will be some miners that will jump over and see if they can profit from it. Especially people with heavy GPU set-up is going to be a happy bunch. However, we still do not know who's behind it and if the community will follow like how some followed Bcash.