If you change the algorithm, it does not matter what SHA256 miners do anymore.
But the hash would probably fall extremely and so would the price. Also, after such fork the sha256 miner would continue to mine the old BCH. Nobody would follow the new fork.
Hashrate generally follows price. Not the other way around.
If majority of the underlying ecosystem upgrades their software then it will be BCH. Miners are powerless if everyone else follows a different chain.
All upgrades require coordination, this is no different. I think the BCH userbase is big enough to pull off a successful POW algo change.
Maybe you're right. Algo chang would be dangerous, but even the current state is no less dangerous.
The current state is an order of magnitude more dangerous.
Agree with all TLT :-)
but if Algo change is done without BCH ABC and others, we risk splitting to a new name & ticker
if algo change is done with consensus,rivals will mine old chain
Indeed. To do a successful algo change majority of the non-mining players and users have to upgrade including the exchanges.
Especially the Exchanges. Otherwise the miner and Exchanges stay on the old chain and keep BCH ticker.
Exchanges most of the time will follow the main devs.
Devs that control the git get control of the name and ticker.
this. Also, monero proved that no one will give a shit about the "old-miner" branch if everyone else upgrades.
It's the same with any hard fork upgrade.
The irrelevant amount of SHA256 hash would just move back to BTC.
Hurdles will be there, but they can be overcome eventually....something must be done long term before eco warriors turn against mining too.
Part of me thinks cardano is a sleeping giant capable of rendering POW superfluous, we’ll all be eating crow if Hoskinson can deliver.
Thinking that POW can be replaced without serious trade offs is dumb.
What hash? I would be sure to fire up my CPUs/GPUs.
You can't directly compare the hashrate of different algorithms.
