Report Claims 85% of the Monero Network Dominated by ASIC Miners

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Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times…

Analysis Suggests that 85 Percent of Monero Network is Dominated by ASICs

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Within the last 40 days, analysis suggests that Monero is once again dominated by ASIC mining, with 85 percent of the network hash rate coming from this specialized computer hardware. The author was able to detect this new wave of ASICs via mining nonce forensics. Background on Monero Monero is an open-source cryptocurrency created in…

Zcoin Gives ASICs the Boot with Merkle Tree Proofs

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In a direct challenge to the type of industrial-grade efforts that have transformed once-lone cryptocurrency miners into multi-billion-dollar oligarchies, Zcoin has held itself up as the first cryptocurrency to “democratize” mining using Merkle Tree Proofs, a PoW algorithm for ASIC-resistance. According to the team behind the zero-knowledge proof privacy coin, Zcoin’s newfangled feature sticks it…

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

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Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that’s soon to file for an IPO.

GMO to Release World’s First 7nm Bitcoin Mining Card

GMO to Release World’s First 7nm Bitcoin Mining Card

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Japan’s GMO Internet Group officially announced the June 7th release of its new Bitcoin mining card— “GMO Miner B2”, marking a new era of powerful, energy-efficient processing units as the world’s first 7nm consumer mining card. This announcement highlights the ASIC arms race for producing more powerful and energy efficient mining rigs against companies like Samsung, Intel,…