On mining changes

Ross Nicoll bio photo By Ross Nicoll

Lets talk a bit more on changes to the mining process for Doge.

As I touched on, on Saturday, we're looking at potentially
changing how Doge is mined. The current leading theory on what
to change to is some variant of PoS. None of this is yet a done
deal; we want hard facts on impact before we make a call on
what's best to do.

Modelling software is going to be written, which will simulate
a large number of nodes (aiming for 1000+ nodes), and hopefully
allow us to gather information on how protocol changes affect
detail such as block time stability, distribution of mining rewards,
orphan rate, relay time, etc.

These tools will be open source, and the community will be encouraged
to help us with simulations, especially looking at ideas we may not
have considered.

The main candidates right now are PoS 2.0, Tendermint ( http://tendermint.com/ )
or potentially moving to an SHA-3 candidate algorithm such as SIMD
(changing PoW).

This is all looking at a 6-9 month timescale, such that we can ensure
as smooth a transition as possible, and that miners have the best chance
of achieving ROI on purchased and pre-ordered hardware if (IF) we do
make a change after careful evaluation.