SteemitCryptoAcademy: Consensus Algorithms Proof of Capacity by @alfer1212

image.png
Source




image (18).png


Welcome to my homework writing for today with professor @alphafx on the best school in the world for cryptoacademy #SteemitCryptoAcademy today I will talk about consensus protocols and capability testing which are the most needed features and the best thing for all of you is that this information is totally original and free if you want to learn a better method to mine then you have to read this homework thank you very much.




image (18).png


Desarrollo de la tarea 5 profesor @alphafx #SteemitCryptoAcademy




image (18).png


BRIEF INTRODUCTION

Taking into account each of the instructions given by the professor, we can add that the consensus algorithm is a procedure that uses a protocol of interconnected nodes to reach an agreement. Remember that this technology works with blockchain technology, which is decentralized and there are no third parties within the ecosystem working together with the community of users.




image (18).png


Why is Capacity Test created?

It is created by the need to solve mathematical problems thus decreasing electricity consumption and this way you see reduces the high environmental pollution solving electrical problems unlike the Asin pow this device uses the basic space within the hard disk using its own operating system that is in it, is compatible with android this device is able to create a mining process extracting coins with its hashing power.




image (18).png


but you may wonder what is really the capacity test?

Well we can say that it is a consensus algorithm that uses the hard disk empty spaces to store possible solutions that are measured in nonce so that these can compete in the verification of transactions and compete to solve blocks this generates a prize in coins for whoever solves this faster, PoC is defined as a consensus algorithm thus using the interconnected nodes to solve problems within the ecosystem of the blockchain using simply free space for mining and thus be able to make the decisions of each miner.




image (18).png


Most relevant features of POC:

It uses the operating system of any hard drive to work this makes it very easy to prepare for mining is compatible with android so even from a cell phone can be mined.

It is easily recoverable which makes it very ecological helping the environment to be cleaner and cleaner.

It decreases the electrical problem making it 30 times more profitable electrically speaking unlike ASICs.

If large industries become aware of it, they can adopt this system to reduce the high CO2 emissions to the environment.




image (18).png


Most relevant disadvantages

If they start producing HDDs in large mass production this would raise the prices of these due to their high demand as happened with GPU cards in 2020.

It is prone to malware infections making mining capabilities a bit tedious.

Due to ignorance many developers have not adopted this new system as it is new and the fear of losing is greater.




image (18).png


Projects currently using POC

BXTB, BTCHD (BHD), MONEDA RÁFAGA have the same SHABAL256 algorithm but work in times of 3 to 4 minutes per block.

The Proof of Capability (POC) operation

There are two mechanisms of work the plotting and the current mining that we all know if we know that the plotting is where trace files are created and this in turn gives as a result Nonces that are pairs of possible solutions these by means of these pairs of data will begin to make hash until discovering the result more or less would have 8191 possible results which will be divided into pairs for example the 0,1=0 / 2,3=1 / 4,5=2 so on until reaching the result this takes approximately 15 seconds.

In the mining: as in the graphing here the miners work almost the same these create a stipulated number of scoop to then begin to work in pairs of nonce 1 by which they calculate the value of a deadline this deadline is translated to segadas this is repeated in each of the nonce that are in the hard disk by all this process the miner takes the shortest time and gives a result for the solution of that block if it is selected the block is given for its resolution and then it is benefited.




image (18).png


Conclusion:

This part as important as it is the electrical savings taking a hard drive where many companies only seek to take energy from very large equipment that consume large amounts of electricity I did not know this process until now is quite important that large farms in the world especially in the United States and China adopt this type of mining is more profitable economically 30 times more than the Chinese asic therefore I see that it is a very good alternative for the current miners we saw the definition the concept and the most important features including the advantages and disadvantages of this analysis and my homework I hope that there was very helpful thanks to the community of #SteemitCryptoAcademy for such valuable information I sincerely going to try this system and then I make a post telling you about it thank you all very much too important this class. ... thank you




image (18).png


Cc:
@alphafx
@steemitblog
@steemcurator01
@steemcurator02




image (18).png


Sort:  

nice content, well presented.

Parameterrating
Presentation2/2
Content4/5
Originality2/3
Total8

Thanks for participating