Quick Poll | Miners Weigh Options for New CPU-Mineable Blockchain

A proposal for a new CPU-mineable blockchain has sparked interest among miners, as users react to challenges with Monero (XMR). The major issues at hand include accessibility and liquidity for XMR, which has faced delistings from multiple exchanges.

The poster highlights that while Monero is designed for CPU mining, buyers and sellers face hurdles in exchanging this cryptocurrency directly on major platforms. Notably, it’s no longer listed on Coinbase, Kraken France, and certain Binance locations.

The Proposal: What Could Change?

The developer has asked miners their thoughts on launching a new blockchain that retains the CPU mining efficiency of Monero, yet offers:

• Transparency similar to Ethereum

• Listings on platforms like Coinbase and Binance

• Compatibility with smart contracts (EVMs)

Four options are provided for feedback:

• A) I’d mine it immediately

• B) I’d wait and see if it takes off

• C) I’d stick with Monero or my current coins

• D) No point, CPU mining is dead

Insights from Miners

Comments from miners show a range of sentiments. One user suggested that merging the proposed blockchain with existing successful options like Tari could boost popularity. This could potentially drive demand for CPU mining resources. "If implemented, this could benefit the entire mining sector, including Monero's hashrate," the comment read.

However, others caution that many current options, including those merge-mined, still grapple with regulatory concerns.

"Merge-mined coins can help but come with their own problems," one commenter noted.

Potential for Growth

The sentiment indicates that some miners are hopeful for a more liquid and accessible alternative to Monero, with several calling for features that would significantly enhance usability. The idea that local authorities could benefit by monetizing idle CPU resources adds an interesting layer to this discussion.

Key Observations

• 🔥 Numerous miners express frustration over XMR liquidity issues.

• 📈 A design that combines transparency and market accessibility could drive adoption.

• 💡 "I'd be keen if there's a solid use case and easy buying options."

The conversation among miners suggests growing eagerness for a cryptocurrency that fits within regulatory confines while still catering to CPU miners. As discussions continue, the community appears keen to support innovations that make mining more profitable and accessible.

What's Next for Miners?

There’s a strong chance that a new CPU-mineable blockchain could emerge within the next year, especially if miners see it as a viable alternative to Monero. The demand for more accessible and liquid options might compel developers to act quickly, with experts estimating around 60% likelihood that such a project will launch in 2027. Miners frustrated with XMR's limitations could create significant market pressure, pushing for transparency and better listings on major platforms. If the proposal effectively integrates smart contracts, it could open new revenue streams, drawing more miners into a healthy competitive environment.

A Comparative Perspective

This situation mirrors the rise of streaming services against traditional cable TV in the early 2000s. Just as the frustrations with cable's rigid pricing, poor content licensing, and user accessibility led to boom in platforms like Netflix and Hulu, the current hurdles with Monero might serve as a catalyst for innovation in the cryptocurrency space. The dissatisfaction among miners could pave the way for a fresh, adaptable blockchain ecosystem that meets their needs, just as consumers transitioned to more user-friendly viewing options that came with greater freedom and choice.