China's crackdown, Dash needs to move away from X11

GrandMasterDash

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The People’s Bank of China Crypto Crackdown Continues

China’s National Development and Reform Commission also announced today that it is enforcing stricter surveillance to help stop illegal crypto mining activities in the country. Authorities will now monitor electricity consumption levels in “real time every week dynamic updates” to spearhead investigations into illegal mining operations.
This is the early days of The PoW Extinction Event within 10 - 20 years

Dash needs a variation of monero's RandomX to further distribute mining power. This can be run in parallel with X11 with the ultimate goal of gradually phasing out X11 altogether. When China and other countries finally realize their efforts are fruitless, they will put their microchips into EVERY electronic device to monitor and control consumption - as they do with mobile phones - to "protect us" from environment change... and money laundering.

DCG ACT NOW!
 

momo3HC

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China bans crypto every year and even multiple times per year. We all know that this is absolute nonsense so why this kind of news are considered seriously still?
 

GrandMasterDash

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China bans crypto every year and even multiple times per year. We all know that this is absolute nonsense so why this kind of news are considered seriously still?
Sure, but this isn't just about China. Do you think the ability to identify and infiltrate large mining installations through the monitoring of electricity usage is a benefit, a weakness or not an issue?
 

Swiss_cheese

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What do you think is the likely hood that other counties will also follow suit with consumption micro-monitoring?
 

GrandMasterDash

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What do you think is the likely hood that other counties will also follow suit with consumption micro-monitoring?
Extremely likely. A lot of people (not me) keep pushing their governments on climate change. I am not an advocate for such things. Climate change is "change climate". Humans learn to harness the power and control the things they struggle with, weather systems is no exception.
 

GrandMasterDash

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SparkPool, the second-largest Ethereum mining pool in the world, announced it would cease operations, the fourth-largest mining group has joined it.


Imagine if these state level mining issues were managed at the chip level. This is not so much centralization by location but more like centralization by chip fabrication and energy monitoring. This is why we need to switch to an ASIC resistant algo. X11 was designed to be ASIC resistant so why not take it further?
 
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cashisking86

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PoW is the goal and gas of the crypto consensus world and will be largely replaced with PoS for sure. But despite that if crypto as a whole and those that use PoW can be used to innovate better ways of producing electricity then it will leave a lasting legacy.
 

HeavLeighGill

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Hoping that the US doesn't follow suit. Since Biden is proposing to monitor bank accounts, imagine many people will switch to crypto, especially small business owners. I'm personally planning to do so if the plan is passed.
 
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