Monero Original (XMO) - A Pro Asic Anonymous Cryptocurrency
Monero Original is one of the latest monero forks to be listed on https://coinmarketcap.com/ https://www.monerooriginal.io/
So what is the story behind this mysterious blockchain? What makes XMO different then Monero? Recently you may have been noticing Monero has had a whole lot of forking due to its core teams inability to produce a mining algorithm that puts up a fight to ASIC hardware manufactures. Monero, Vertcoin, Zcash, and other cryptocurrencies, claim to be "Asic Resistant".... Key word "resistant" not "proof". No mining algorithm can stop an ASIC... Monero Original holds the beauty of Moneros original anonymous blockchain without the central control of the core team to manipulate the blockchains algorithm every few months. Monero, preaches a decentralized mining structure but in-turn has become more centralized due to the constant reliance on the core dev team to fix its very broken governance model. Monero Original avoids this constant maintenance with a Pro-ASIC governance model. By eliminating blockchain maintenance, XMO will improve the Monero community entirely. Third parties will no longer have to go through protocol adjustments increasing community productivity and avoiding further community politics or forks. XMO can be purchased on HITBTC here: https://hitbtc.com/XMO-to-BTC Be sure to follow this page for more information on XMO and join the telegram!: https://t.me/monerooriginal
The CryptoNight ASICs are also mining DigitalNote XDN.
Correct, but the algo will change every 6mos. It's been just over a month and we are getting lower difficulty than the fork date. Even lower since the XMV fiasco.
In-fact the lowest XMR mining difficulty since December 15th, 2017 according to the latest Monero XMR Difficulty Watch
As long as Monero can be profitably mined on GPUs and lower end hardware it will be more decentralized than XMO and be the more profitable altcoin to mine.
I disagree. You can pay for GPU mining hashing power which is just as good as owning ASICs. Also, those difficulty bubbles will be a recurring problem as ASIC manufactures will continue to be created for Monero as long as honeypot is profitable.
For true ASICs it's just not feasible. For example, the last fork happened over a month ago and the difficulty is still trending down, even more so after the Monero V snapshot.
If an ASIC was put on the market today, it would be good for 4 months tops before the next scheduled anti-ASIC fork. Building true ASICs for such short term use is just not a solid biz strategy and that's what the community stands firm by. If you can edit the algorithm on the fly, it's not a true ASIC.
Most of my XMR holdings are in cloud mining contracts so I understand your perception there, but the reasoning above shows that the cloud contracts are likely mining with high-end GPUs.
I've been posting a weekly Monero difficulty watch and there's no sign of them yet. The previous CryptoNight ASICs are mining DigitalNotes XDN, XMO and the other Monero Clone War coins 😂 on the old algorithm.
*up-voted & resteemed
ASIC resistance definitely has its pros as you listed, just seems forced because the algorithms are so mutable. Appreciate your insight thank you!
Why would any one see “asic friendly” as a good value proposition?
Asics lead to centralization.
Well for ex, POS or the steem platform is much more centralized then any pow model as its broken down to 21 witnesses. A pro-asic model is stronger in-terms of computer science, and again no coin is truly asic resistant. Rather then conflicting against miners communities should be focusing on breaking away from the central banks before miners.
hi, jacobcards. thanks for voting my post. i want follow you. each other.
Thanks for sharing. I've smashed the upvote button for you!
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But the price is going down and down. Popularity is decreasing!
Yea the whole market cap of the entire ecosystem is overpriced. Expect XMO to be a competitor on the next bull market.
hi friends @jacobcards greetings from Venezuela, very good post, I liked the image very much, I would like to have a little more time with this borrowed computer, to make a better constructive criticism, but I will be giving my contribution with my vote and this short comment of his post, nothing more to say his amgo always @manduto are wanted 🙌
Just took a look at price on CMC
The coin is not all that expensive. For Monero fans it can also be little token of fun to buy a little. Thanks for the share!
Np appreciate it! I think it has alot of potential because of the mining structure behind it. Exciting to see how it will do. !
interesting post,i like it
very nice work