The end of Steem CPU mining

arcange (73) in steem • 8 years ago (edited)

8 years ago by arcange (73)

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gregory60 (40) · 8 years ago

Great post, hopefully the bounty for GPU mining code will produce results and all those with a GPU can get a share of the mining again.

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2 votes

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b0y2k (76) · 8 years ago

Yes it seems that with no word from the devs about this its over.
I still think steem is better as a CPU coin, that way it is decentralized and accessible to anyone with a computer.
As it stands now 2 people will own all of the que and that sounds very centralized to me...

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1 vote

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cats (40) · 8 years ago

Before hardfork I found 1 POW per day with my i7-4770
Now I have 2-3 POW per day. This is not bad.
I cant understand why do they crying around?
After you will got GPU miner you will start mining steem with your GPUs.
I think it will no more then you can get now on Ethereum. May be even less.
On my opinion the best solution would be changed POW so there will be not advantages in GPU.

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1 vote

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cryptohead (50) · 8 years ago

Great post. This is exactly how I feel after investing time, resources, and effort to help Steem with POW and getting no reward.
It's probably easier and more profitable to just post pictures of cats... or whatever, than burning your CPU's, electricity, and bandwidth on futile mining efforts that never get their due rewards.

I think there should be a code change to prevent GPU mining from happening.
If this issue is not addressed, GPU mining will take over and it will be managed in a centralized way by a few.
Mining centralization is not the original idea behind Steem

Steem developers: Please fix the code to prevent GPU mining from happening!

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1 vote

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letc (59) · 8 years ago

It may not be over yet. The official CPU miner has a good potential for optimization — I was able to get about 60% increase in hash rate and I believe that more is possible. I'll write a post about it later today when I have time.

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1 vote

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arcange (73) · 8 years ago

I wish CPU mining still has some days ahead. Everyone does not have GPU infrastructure and CPU mining allows access to mining to more people.
Moreover, having only a few miners who controls block production could pose some security problems at the blockchain level.
Waiting for your post ...