Bitcoin Gold to hardfork after Bitmain releases its new ASIC

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Psicotico on May 04, 2018, 01:52:23 PM

Bitcoin Gold intends to conduct a hardfork to make the network ASIC-resistant

the term ASIC-resistant is always misleading because no such thing exists in this technology. as long as they are being mined with some hardware (CPU or GPU) there can be an ASIC for them.

in any case as i said the day the news about Bitmain new ASICs came out i said they are taking a huge risk by doing this because most of these coins will fork and change their algorithms. for example ethereum is going to turn into PoS (nobody knows when but it is a risk).

Xester

hero member

Activity: 994

Merit: 544

In the future more and more coins are going to experience a hardfork and a split because of misunderstanding and because of different opinions and ideas. First bitcoin experienced hard fork and many forks, and now we have bitcoin gold having a hard fork. Probably in the future Bitmain will be having its own cryptocurrency and will have a monopoly in the cryptocurrency ecosystem.

Psicotico

newbie

Activity: 99

Merit: 0

Bitcoin Gold intends to conduct a hardfork to make the network ASIC-resistant after Bitmain launched sales of its new ASIC, aimed at mining Equihash-based cryptocurrencies. The same decision was previously taken by the Monero project.

A few hours after the Chinese manufacturer of mining equipment, Bitmain, announced the launch of sales of the new Antminer Z9, designed to mine Bitcoin Gold, Zcash and other cryptocurrency using the Equihash algorithm, a representative of Bitcoin Gold wrote about project's plan to hardfork.

The new ASIC miners cryptocurrencies, that use the Equihash algorithm (Zcash, Bitcoin Gold, Zclassic, etc.). Its computing power is said to be 10 000 sol/s, with power consumption standing at 300 watts.

The new Antminer Z9 costs $1,999. The first deliveries will take place at the end of June.

Earlier, in April, after Bitmain had started sales of the new Antminer X3, Monero decided to undergo a hardfork in order to make the network ASIC-resistant. But due to disagreements in the Monero community, hardfork resulted in the appearance of four new coins, Monero Classic, Monero 0 (XMZ), Monero Original (XMO) and Monero Classic (XMC). All of them maintain compatibility with one network.

Source: http://www.coinfox.info/news/9396-bitcoin-gold-to-hardfork-after-bitmain-releases-its-new-asic

Topic: Bitcoin Gold to hardfork after Bitmain releases its new ASIC (Read 107 times)