Firo (ZCoin) Hard Fork. New Algorithm – FiroPoW. How to Prepare?
When Firo Will Perform Hard Fork
Famous cryptographic money networks are refreshed regularly, which implies they are under dynamic turn of events. For instance, on August fifth, the Ethereum blockchain was refreshed in London to make exchange charges more unsurprising and presented ETH consuming. It’s an ideal opportunity to refresh Firo. Cryptographic money will change the mining calculation. how about we do it.
Firo will be refreshed to rendition 0.14.9.0. should be refreshed. He will show the FiroPoW calculation and another component called Instant Send.
The update will be delivered at 6:00 UTC on October 26th.
What Is FiroPoW
FiroPoW is another mining calculation that will supplant the current mining calculation: MTP (Merkle Tree Proof). It is streamlined for GPU and is impervious to ASIC and FPGA. Diggers need not stress over the sharp decrease in mining benefit.
As indicated by Firo’s group, they are faithful allies of the confirmation of-work calculation. This is a statement on the authority site.
We have consistently enjoyed the capacity of evidence of-work to associate the worth of virtual money with this present reality, and Firo’s reasonable and decentralized stock dispersion strategy with practically no limitations.
FiroPoW follows the ProgPoW v0.9.4 detail with slight changes. This will permit the calculation to shift haphazardly with each square.
In 2019, ProgPoW got solid help from Ethereum clients, who casted a ballot to coordinate it into the organization. ProgPoW will forestall ASIC mining of ETH, accordingly securing GPU proprietors and making the blockchain more decentralized. Ethereum has not yet executed ProgPoW.
Some digital currencies are as of now utilizing ProgPoW. The current Ravencoin KawPoW mining calculation is a changed adaptation of ProgPoW.
The underlying DAG size will be somewhat bigger than 4 GB and will develop by 8 MB each 1300 squares, which is around 4.5 days. In this way, most present day designs cards will uphold DAG.
How FiroPoW works
Dissimilar to the past mining calculation which expects to expand the expense of building committed machines, FiroPoW intends to adjust the calculation to the equipment with the goal that the GPU becomes “devoted equipment” and utilizations the GPU however much as could reasonably be expected.
The calculation utilizes memory and computationally complex estimations, which are expected to:
• Utilize pseudo-arbitrary admittance to a coordinated non-cyclic diagram (DAG) (this is a huge and developing memory document)
• Blend (deterministically) a succession of numerical tasks that get input from the actual DAG
FiroPoW includes one more stunt along with everything else. It is an irregular component, which implies that piece of the calculation continually changes and changes itself in each square, making it difficult to make an ASIC with a proper work process or bitstream for the FPGA.
FiroPoW likewise doesn’t need a lot of confirmation, not at all like MTP, it altogether diminishes blockchain extension and organization transfer speed necessities.
The Argument for GPU mining
FiroPoW is a variant of ProgPoW, configured according to Firo’s requirements. IfDefElse, the creator of ProgPoW, believes the importance of controlling mining in the hands of traditional hardware:
No natural distribution: Over-specialized hardware has no economic purpose other than mining, so it is meaningless to most people.
No reserve group: Therefore, when the price of coins fluctuates and is easy to manipulate, there is no equipment reserve pool or stakeholder reserve pool to intervene.
High barriers to entry: The initial miners are those who are rich enough to invest capital and environmental resources in an unknown experiment, which may include a new coin. Therefore, the initial distribution of coins through mining will be very limited, which will lead to the economic bias of centralization.
Entrusted centralization vs. realization of centralization: Although pool centralization is entrusted, hardware singularity is not: only the limited purchasers of this equipment can participate in it, so there is no way to give up control in a short period of time.
Even for decentralized mining, there is no obvious decentralized governance: once large professional ASIC manufacturers enter the game, designing hardware with backup gates becomes trivial. ASIC manufacturers have no transparent or fair incentive to participate in the market.
This is why Firo has always insisted on its policy of keeping large-scale equipment available. First of all, our work on MTP, and now we turn to FiroPoW, which is more efficient and even more difficult to build dedicated machines.
Nvidia FiroPoW Settings
This is a bat file, you can only use it after fork, just in case. As you can see, the only difference is the mining algorithm. It used to be mtp, now it is firopow.
t-rex -a firopow -o stratum+tcp://firo.2miners.com:8181 -u aPGQDJrbcGGpThJ5xLT3SPhVftVsgqcvxR.RIG_ID -p x
AMD FiroPoW Settings
TeamRedMiner supports FiroPow since version 0.8.6. You can download the new version here. Use the following bat file to mine Firo on TRM. As you can see, the only difference is the mining algorithm. It used to be mtp, now it is firopow.
teamredminer.exe -a firopow -o stratum+tcp://firo.2miners.com:8181 -u aPGQDJrbcGGpThJ5xLT3SPhVftVsgqcvxR.RIG_ID -p x
Why not CPU mining?
Although CPU mining seems to be fairer than GPU mining at first glance, the proliferation of botnets, idle server farms, and people using free cloud credits means that once again a small group of users has an unfair advantage.
Many networks that use CPU-friendly mining algorithms face this problem, including our network in the early stages of the project.
Supported miners
FAQ
What equipment does ETH mining support?
Binance Pool upholds ASIC miners、GPU Miners、GPU (NVIDIA or AMD, illustrations card memory no under 8G) for ETH mining.
How to participate in ETH mining?
1）For ASIC digger, kindly check the BTC Mining Tutorial for ETH mining.
2）For Graphic digger or GPU(NVIDIA or AMD cards), kindly check the ETH Mining Tutorial.
What is the pool fee for ETH mining?
The pool charge for ETH mining is 0.5%, PPS+ installment strategy.
How to get Started with FiroPoW
To connect to our testnet using FiroPoW, use this Github thread to create a Firo binary file and run it with the -testnet flag. There is also an online testnet mining pool, provided by MintPond.
