Choice of mining hardware depends on the choice of proof-of-work algorithm. As the guy who came up with the idea for The Hutter Prize for Lossless Compression of Human Knowledge clear back in 2005, I’m rather distressed at the direction taken by the machine learning industry which elides the algorithmic information theoretic foundations. I convinced the mining chip executive that the ML industry’s foundation in matrix multiplication needs to be replaced with algorithmic information search. Automacoin is somewhat related to the direction I’d like to see the mining industry take.
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