WTF is Pyrin?! PYI
Summary
TLDRIn this engaging video, the host Blind Rod discusses Pyon, a new fork of the Casper blockchain, which has garnered attention in the cryptocurrency community. Pyon has switched its mining algorithm from SHA-256 to the more recent Blake 3, which is gaining popularity across various cryptocurrencies, including Ethereum (now Hyperledger). Initially, Blake 3 offers ASIC resistance, but this may change as specialized hardware develops. The host notes that while Pyon promotes itself with features like fast transactions and security, it doesn't present anything uniquely different from other cryptocurrencies. Despite this, early miners might benefit from higher block rewards and less competition. The video provides a guide for setting up a Pyon node and wallet, as well as mining on the network using tools like LOL Miner. The host also offers speculative insights into Pyon's potential market performance, comparing it to Casper's launch and advising viewers to do their own research before investing. The video concludes with a call to action for viewers to follow the host's channels for more informative content.
Takeaways
- π **Pyon Introduction**: Pyon is a new fork of the Casper blockchain with a focus on changing the mining algorithm from SHA-256 to Blake3.
- π **Blake3 Algorithm**: The Blake3 algorithm is gaining popularity in the blockchain space, being implemented in Ethereum (now Hyperledger) and other coins like Radiant and Athum.
- π€ **ASIC Resistance**: Initially, Blake3 may offer ASIC resistance as no ASICs have been developed for it yet, but it's expected that FPGAs and ASICs will eventually be developed.
- π **Market Expectations**: There's speculation that Pyon could achieve high adoption rates similar to Casper, which could lead to a significant price increase upon release.
- π» **Mining Setup**: Setting up mining for Pyon is straightforward, with guides available for both Linux and Windows environments.
- π **Initial Block Rewards**: Pyon's initial block rewards are lower than Casper's, which could impact the initial coin listing price and subsequent market behavior.
- π **Community and Support**: Pyon is already gaining community support with pools like E4 Pool and B Mine LOL Miner supporting it, indicating growing infrastructure.
- π **Educational Resources**: The speaker provides educational content on how to mine Pyon, including node and wallet setup, and encourages viewers to do their own research.
- π° **Speculative Mining**: The speaker highlights that getting involved early in mining can be advantageous due to higher block rewards and less competition.
- π **Promotional Materials**: Interested parties can find more information about Pyon through their Medium blog post, Twitter, and other social media platforms.
- 𧡠**Node and Wallet Guide**: A node and wallet guide is available for those wanting to set up a Pyon wallet, with the process outlined on the speaker's website.
Q & A
What is Pyon and what is its relation to Casper?
-Pyon is a recent fork of the Casper blockchain. It has taken the Casper blockchain, forked it, and changed the mining algorithm from SHA-256 to the Blake 3 algorithm.
Why was the mining algorithm changed to Blake 3?
-The Blake 3 algorithm has been implemented in various hashing algorithms due to its efficiency and is considered superior to SHA-256. It has a simplified API and is being used in projects like Ethereum (now Hyperledger) and other coins like Radiant and Athum.
Is Blake 3 ASIC-resistant?
-Initially, Blake 3 may be ASIC-resistant as ASICs for this algorithm have not been developed yet. However, it is expected that FPGAs and eventually ASICs will be developed for Blake 3, as it still focuses on core-centric processing.
What are the key features of Pyon that are being promoted?
-Pyon promotes the Blake 3 cryptographic hash, fast transactions, decentralization, scalability, and security. It also utilizes the GHOST protocol introduced by Casper.
How is Pyon different from Carlson in terms of algorithm plans?
-While Carlson aims to change its algorithm to remain ASIC-resistant, Pyon does not indicate any plans to move off the Blake 3 algorithm.
What are the speculative mining advantages for GPU miners in the early days of a new fork like Pyon?
-In the early days of a new fork, GPU miners may benefit from higher block rewards and less competition from other mining hardware.
How can one start mining Pyon?
-To start mining Pyon, one can follow a node setup guide, generate a wallet address, and use mining software like LOL Miner with the appropriate configuration for the Pyon network and a selected mining pool.
What are the available resources for someone interested in Pyon?
-Resources for Pyon include their Medium blog post, Twitter, Discord, Telegram, and Bitcoin Talk forums. There are also guides on setting up a node and wallet available on the website locals.sonofatech.locals.com.
What is the block reward for Pyon?
-The block reward for Pyon is 17 PIR, which is lower than the initial block reward for Carlson, which was 50.
What is the potential initial coin listing price for Pyon, considering its block rewards and adoption rate?
-If Pyon achieves a similar adoption rate and hype as Carlson, the initial release price could double that of Carlson, potentially reaching around 30 cents before adjusting to a more stable value.
How does the speaker view the creation of how-to videos for new networks?
-The speaker creates how-to videos to provide resources for individuals to make their own decisions, not because they necessarily endorse the networks as the next big thing. The focus is on offering information for educational purposes.
What is the speaker's stance on financial advice and personal opinions in the context of the video?
-The speaker clarifies that any price projections or mining advice given are speculative and not financial advice. They encourage viewers to do their own research and make decisions based on their findings.
Outlines
π Introduction to Pyon and Mining Guide
This paragraph introduces Pyon as the latest Caspa fork in the blockchain space. It discusses the change from the traditional SHA-256 mining algorithm to the newer BLAKE3 algorithm, which has been gaining popularity in various cryptocurrencies including Ethereum (now known as hypra). The speaker mentions that while the initial release may be ASIC-resistant, it is likely that FPGAs and ASICs will eventually be developed for BLAKE3, potentially centralizing mining power. The paragraph also touches on the promotional aspects of Pyon, including its cryptographic hash, fast transactions, and scalability. The speaker advises viewers to approach mining Pyon speculatively, as with any new cryptocurrency, and directs them to resources for setting up a node and wallet.
π» Setting Up Pyon Mining and Expectations
The second paragraph provides a guide for setting up a Pyon node and wallet, with links to resources available in the description. It outlines the process of mining Pyon, including configuring the pool and wallet address within mining software. The speaker also discusses the availability of stratums for solo mining and the potential for high adoption rates similar to those of Caspa. There is speculation about the initial coin listing price, with a comparison to Caspa's initial performance. The speaker emphasizes the importance of considering supply and demand when mining and advises viewers to do their own research before investing. The paragraph concludes with a self-promotion for the speaker's guides and courses, as well as a mention of merchandise available for purchase.
π Supporting the Channel and Upcoming Content
The final paragraph focuses on the speaker's self-promotion, encouraging viewers to support the channel through various means, including Patreon and purchasing from the shop. The speaker expresses gratitude for the support and explains that this allows them to maintain independence from sponsors. They also mention an upcoming t-shirt design featuring a bear with a pickaxe, indicating a new release in their merchandise line. The paragraph ends with a teaser for the next scheduled video, which will be released the following Tuesday.
Mindmap
Keywords
π‘Pyon
π‘Casper Fork
π‘Blake 3 Algorithm
π‘ASIC Resistance
π‘Speculative Mining
π‘Block Rewards
π‘FPGA
π‘Node and Wallet Guide
π‘Solo Mining
π‘Proof of Work (PoW)
π‘Supply and Demand
Highlights
Pyon is the latest Caspa Fork in the blockchain space.
The mining algorithm has been changed from SHA 256 to the Blake 3 algorithm.
Blake 3 has been implemented in various hashing algorithms, including Ethereum (now known as Hyper).
Initially, Blake 3 may be ASIC-resistant due to the lack of developed ASICs for this algorithm.
Long-term, FPGAs and ASICs could be developed for the Blake 3 algorithm, potentially affecting the network.
Pyon's notes indicate no plans to move off the Blake 3 algorithm.
The Blake 3 cryptographic hash is touted for its superiority over SHA 256.
Pyon utilizes the GHOST protocol introduced by Caspa.
The network promises fast transactions, decentralization, scalability, and security.
Early support for the Pyon network is growing, with pools like E4 Pool and B Mine showing support.
LOL Miner now supports Pyon, making mining setup straightforward.
A node and wallet guide for Pyon is available on the speaker's website.
Solo mining is available through stratums on the Pyon Discord.
The initial block reward for Pyon is 17 PIR, compared to 50 for Caspa.
Pyon's initial coin listing could potentially double the price seen with Caspa, reaching around 30 cents.
The speaker emphasizes that the content is speculative mining and not financial advice.
The speaker provides resources for making informed decisions and encourages personal research.
The speaker promotes his YouTube channel, website, and cryptocurrency mining course for further information.
Transcripts
what's up Sons it's blind rod with son
ofch once again and today we're going to
talk about WTF is Pyon and a quick guide
at the end to get up and running mining
it let's go ahead and hop right into
[Music]
it welcome back everyone so Pyon is the
latest Caspa Fork that has hit the
interwebs and the blockchain space it is
pretty much as similar to Carlson as you
could expect seeing that all it has done
so far is taken the Caspa blockchain
gone ahead and forked it and then went
ahead and changed the mining algorithm
from Shaw 256 or Shaw in general to the
Blake 3 algorithm now there's a lot of
reasons for this now Blake 3 has been
implemented across the board in lots of
different hashing algorithms here
recently of of course we saw that
implemented into ethereum now known as
hypra and basically replacing the shaw
with the Blake 3 in the ET mining
algorithm and then we've seen it very
popular in other coins as well including
radiant as well as athum and so on so
this has been something that's been
getting implemented across the proof of
work space for quite some time now and
is starting to hit the khey has
algorithm the problem here is that
doesn't necessarily make it Asic
resistant as was promoted by Carlson
while initial releases will be Asic
resistant because ASX haven't been
developed for the Blake 3 portion of
this algorithm or this hashing algorithm
eventually it is possible because this
hashing algorithm does still focus on
core Centric processing as opposed to
utilizing any sort of memory or memory
hardening within the algorithm to
prevent as6 from hopping onto the
network so I would presume that we would
see fpgas and eventually Asic on either
one of or all of these networks
depending on how successful they are in
the future of course I believe Carlson
will be aiming to change that algorithm
to remain Asic resistant pyron's a
little bit different if you take a look
at their notes there is no indication
that they plan on moving off of this
algorithm whatsoever and it does mean
that if successful we will eventually
see fpga and as6 on this particular coin
now what you can see is they do Tout The
Blake 3 cryptographic hash and that is
due to uh a plethora of reasons
obviously it's being used across the
board now because it is considered
Superior to Shaw 256 and that is due to
it being a singular algorithm with a
simplified API accommodating King and
extendable output puts of course once
you get into this a little bit more it
goes over ghag which was introduced by
Caspa obviously the most revolutionary
thing that has happened in the block
space over the bare Market was that
introduction by Caspa of ghost stag it's
getting applied here and then of course
they talk about all the other key points
right fast transactions BD centralized
be scalable be secure blah blah blah uh
to be honest if I look at this all I see
is a lot of promotional materials that
is akin to everything else nothing
unique here with pirate the thing is is
a lot of people have already started
supporting this network and if we look
at previous Caspa forks and their
performance such as Carlson we could say
a speculative mine would be advantageous
to some GPU miners because in the early
days we'll have higher block rewards
less competition from other mining
hardware and so on so that is really why
getting behind this I go ahead and bring
it to your attention I am speculative
mining it but once again just like I did
with Carlson a pretty conservative
speculative mine the rest of my farm now
that it can be profitable is on the most
profitable coin that I can find and I
talk about that all that on my locals at
son of a tech. locals.com so let's go
ahead and give you guys a couple more
promotional materials you can check out
their medium blog post here if you want
to read about what they're promoting
about their particular blog chain uh you
can also of course hit up their Twitter
or X account I guess now and their
Discord Telegram and the Bitcoin talk it
has not been launched for that long but
already just like Carlson we are
starting to see pools support it
including E4 pool here as well as B mine
LOL Miner now supports it as well you
can and build a node which I have a node
and wallet guide over on locals if you
want to spin up a wallet go check that
out link will be down in the description
and you do have now stratums available
for solo mining on their Discord I'll be
working on a guide for that as well that
I'll be putting up on locals that being
said if you want to hop into mining it
it's pretty simple other than going
through the node guide now the this
particular node guide that I set up goes
along the Linux side of things but if
you followed my guide on the window side
for Carlson basically you just replace
the Carlson D with the
pyi and then you can basically go
through that same guide and spin it up
as far as mining is concerned it's
extremely simple if we pop into one of
these and create a new flight sheet
we'll actually just go over ahead and go
over here to flight sheet and we can now
just type in pyi or p yr and there's the
Pyon Network already available and then
you can see here that we do need to
configure the pool I believe if you do
pyi right now actually and there's
probably an update going on select the
node you can see here yep yep so it's
pyi all capital letters for the token
name you'll put in your wallet address
which you can generate via the node and
then you can just select the pool right
out of here or you can you know insert
your custom pool if you so wish such as
E4 pool and then you can go here select
LOL minor and then Bing Bang Boom you
just go ahead and click the create sheet
you can go back to one of your rigs
click on that rig hit the flight sheet
go on over to the new one and click the
flight out and it will begin to mine in
some cases if you are still getting
stuck on an old LOL Miner you may need
to go into here click the little upgrade
or downgrade button upgrade it and then
move on from there not too shabby as far
as that's concerned once again a
Shameless self-promotion there are
guides already up but if you want a very
simple guide to follow along to we have
that posted up on locals and Link will
be down in the description of course
this is locked behind the supporter pay
wall so you will need to support the
channel if you want to just be able to
highlight and pay copy paste it's just
the convenience thing that I have up
there for you guys and it helps support
my channel as far as all of that is
concerned so there's Pyon that's why it
is blowing up maybe in your crypto
Twitter feeds right now I think a lot of
people are expecting High adoption rates
similar to Carlson uh that would mean
that we would have a pretty decent price
uh projection remember the price that I
projected for Carlson was right around
$15 cents on release and then seeing it
come back down closer to Casper or even
under as you can see a lot of sell
pressure on it the difference here with
Pyon of course is going to be their
block rewards if we take a look at their
statistics here real quick just so you
guys are aware if it will reload maybe
it won't there we go uh what you can see
is I believe they had it up here maybe
it isn't here they had it here um but
but the block reward is only 17 piran so
that is opposed to Carlson which was 50
so we're cutting that block reward even
further down on the initial block reward
for this particular coin what is that
mean for initial coin listings well if
we compare it to something like Carlson
and we presume the same adoption rate
and that kind of hype that got pushed
behind it an initial release could
easily double that of what we saw on
Carlson which means we could see
somewhere around 30 cents I do not know
for sure that is not Financial advice
and this is a speculative mine but that
is kind of where we would expect it to
hit and then come back down maybe closer
to the current price of C but not the
current price of Carlson due to the
limited Supply remember this is always a
supply and demand game if you are mining
just keep that in mind and go ahead and
plan accordingly once again just because
I make videos about these coins these
networks just because I make how-tos
does not think make mean that I think
that they're great or the next big thing
or anything like that it's just so you
have the actual resources to make your
own decisions do your own research Etc
but if you want to know how to do things
on new networks that nobody's talked
about yet check out son of a tech on
YouTube don't forget to check out locals
at son ofate tech. locals.com to get
access even earlier and check out my
Crypt mining ecourse at sonof ach.com
all self-promoted sponsorships there so
I can avoid any ties to sponsors that
may sway my opinion or the type of
content I create so I appreciate each
and every one of you for supporting me
also if you mind through the bar Market
check out shop.on ofch
the latest t-shirt is now out it says I
mine with the Bears and it has an angry
bear with a pickaxe on it I think it
looks pretty slick I'll see you next
Tuesday
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