member.cash on Nostr: With regret, Member is dropping support for #Membercoin. Membercoin had been launched ...
With regret, Member is dropping support for #Membercoin.
Membercoin had been launched with CPU miner software with the intention that members would be able to mine a small amount on their desktops and phones to use for making social network transactions.
However, the coin was soon adopted by a GPU mining pool. Soon 100% of the hashrate was being provided by this one mining pool. On December 20, 2022, the mining pool unexpectedly removed support for the coin, leaving it with a very high difficultly. The CPU software cannot now create new blocks and the software to interface with GPUs is not available. As no new blocks are being created, the coin is effectively dead.
Membercoin had been launched with CPU miner software with the intention that members would be able to mine a small amount on their desktops and phones to use for making social network transactions.
However, the coin was soon adopted by a GPU mining pool. Soon 100% of the hashrate was being provided by this one mining pool. On December 20, 2022, the mining pool unexpectedly removed support for the coin, leaving it with a very high difficultly. The CPU software cannot now create new blocks and the software to interface with GPUs is not available. As no new blocks are being created, the coin is effectively dead.