Published on July 14th, 2018 | by bitcoin0
PoWx revolutionizes Bitcoin Mining with “Optical PoW” Technology
Bitcoin and cryptocurrency mining is usually off limits to those who cannot afford the expensive mining computers and equipment.
PoWx founder Michael Dubrovsky says the technology can alter Bitcoin’s current algorithm to make mining more decentralized and that the software’s advancements could make the mining arena “healthy enough and scalable enough.” The idea for optical PoW arose last year.
Dubrovsky and the PoWx team specifically point their fingers at Bitmain, the Chinese mining giant largely responsible for building and supplying most of the necessary equipment to power Bitcoin mining.
Speaking with Bitcoin Magazine, Bitcoin Core and Bitcoin Knots developer Luke Dashjr said he’s all for optical PoW and believes the mining scene as it stands could damage the future of cryptocurrency.
PoWx is also seeking to build a second company — Arrakis Photonics — that will put the hardware into practice.