WTF is Pyrin?! PYI

Summary

In 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

• 🚀 **Pyon Introduction**: Pyon is a new fork of the Casper blockchain with a focus on changing the mining algorithm from SHA-256 to Blake3.
• 🔍 **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.
• 🤔 **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.
• 📈 **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.
• 💻 **Mining Setup**: Setting up mining for Pyon is straightforward, with guides available for both Linux and Windows environments.
• 📉 **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.
• 🔗 **Community and Support**: Pyon is already gaining community support with pools like E4 Pool and B Mine LOL Miner supporting it, indicating growing infrastructure.
• 📚 **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.
• 💰 **Speculative Mining**: The speaker highlights that getting involved early in mining can be advantageous due to higher block rewards and less competition.
• 📘 **Promotional Materials**: Interested parties can find more information about Pyon through their Medium blog post, Twitter, and other social media platforms.
• 🧵 **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

00:00

🚀 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.

05:02

💻 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.

10:04

🎓 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.

Keywords

💡Pyon

Pyon is a new cryptocurrency that is a fork of the Casper blockchain. It has gained attention due to its change in mining algorithm from SHA-256 to Blake 3, which is considered more efficient and potentially ASIC-resistant in the short term. In the video, Pyon is discussed as a potential opportunity for GPU miners due to its early stage and the prospect of higher block rewards.

💡Casper Fork

A Casper Fork refers to a new cryptocurrency that has been created by making a copy of the Casper blockchain and then diverging from it by implementing changes. In this case, Pyon is a Casper fork that has modified the mining algorithm, which is a significant aspect of the video's discussion.

💡Blake 3 Algorithm

The Blake 3 algorithm is a cryptographic hash function that has been recently implemented in various blockchain projects due to its efficiency and security. It is replacing the SHA-256 algorithm in Ethereum's mining process, known as Ethash, and is now used by Pyon, making it a key point of discussion in the video.

💡ASIC Resistance

ASIC resistance refers to the property of a cryptocurrency's mining algorithm that makes it difficult for specialized hardware, called ASICs (Application-Specific Integrated Circuits), to mine the coin. The Blake 3 algorithm is initially ASIC-resistant, but the video suggests that ASICs could eventually be developed for it, which would impact the mining dynamics.

💡Speculative Mining

Speculative mining is the act of mining a cryptocurrency based on the expectation that it will become profitable or valuable in the future. The video presenter discusses his approach to speculative mining with Pyon, emphasizing the potential for high block rewards and low competition in the early stages.

💡Block Rewards

Block rewards are the incentives given to miners for validating transactions and adding new blocks to a blockchain. The video mentions that Pyon's block reward is 17 PIR (the coin's ticker symbol), which is lower than the initial reward for Casper. This detail is important as it affects the potential profitability for miners.

💡FPGA

FPGA stands for Field-Programmable Gate Array, which is a type of integrated circuit that can be programmed after manufacturing. In the context of the video, FPGAs are mentioned as a potential future development for mining Pyon once ASICs for the Blake 3 algorithm are developed.

💡Node and Wallet Guide

A node and wallet guide provides instructions on how to set up and operate a full node and wallet for a specific cryptocurrency. The video mentions that the presenter has created a guide for setting up a Pyon node and wallet, which is useful for users who want to engage with the Pyon network.

💡Solo Mining

Solo mining refers to the mining process where an individual miner operates independently without joining a mining pool. The video discusses the availability of stratums for solo mining on Pyon's Discord, which is an option for miners who prefer not to share rewards with a pool.

💡Proof of Work (PoW)

Proof of Work is a consensus algorithm used in blockchain networks where miners must solve complex mathematical problems to validate transactions and create new blocks. The video talks about the shift from SHA-256 to Blake 3 in the context of PoW, highlighting the evolving nature of mining algorithms.

💡Supply and Demand

Supply and demand is an economic principle that describes how the availability of a product (supply) and the desire for it among consumers (demand) determine its price. The video uses this principle to discuss the potential price trajectory of Pyon, emphasizing the importance of market dynamics in cryptocurrency valuation.

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