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Topic: Monero Miners In Uproar After Panic Algorithm Change Due to ASICs Coming Online - page 2. (Read 724 times)

sr. member
Activity: 2142
Merit: 353
Xtreme Monster
Perhaps soon we are waiting for revolutionary changes in the algorithms of coins. Everyone will start to defend themselves against asics. That's correct. The best for of the coin is the decentralization of mining. This can be achieved only when GPU mining. Perhaps this year we will have many forks and the depreciation of the coins on the old algorithms.

Yeah, g3 coins perhaps will auto change algo when detected huge lumps of hashrate in one device, things similar to nvlink will be banned from existence and no device will be able to mine if greater than normally reported hashrate, there are many ways to deal with it.
sr. member
Activity: 630
Merit: 272
Perhaps soon we are waiting for revolutionary changes in the algorithms of coins. Everyone will start to defend themselves against asics. That's correct. The best for of the coin is the decentralization of mining. This can be achieved only when GPU mining. Perhaps this year we will have many forks and the depreciation of the coins on the old algorithms.
newbie
Activity: 45
Merit: 0
I hardly think bitmain's upset. They made these asics months ago and been mining privately laughing all the way to the bank. The release to the public is a last ditch effort to capture additional profits (and duping anyone buying them) before they become paperweights worth nothing.

Right, Monero team discovered that currently 75% of coins are mined not on public pools but from unknown source, that's why they decided to change the algo. And almost immediately bitmain announced their ASICs. So bitmain has been mined Monero on their ASICs for some time anyway.
member
Activity: 170
Merit: 10
I hardly think bitmain's upset. They made these asics months ago and been mining privately laughing all the way to the bank. The release to the public is a last ditch effort to capture additional profits (and duping anyone buying them) before they become paperweights worth nothing.
jr. member
Activity: 154
Merit: 1
Bitmain has found itself in a war with words with the monero community over the release of its latest cryptocurrency miner, the Cryptonight-capable X3. The unit is being offered at a discounted rate to existing customers, but critics claim this is because the miners will soon be ineffective at mining monero, the main coin to use the X3’s Cryptonight technology. Monero lead developer Riccardo Spagni has emphasized that the units will not work on monero due to a scheduled hard fork designed specifically to outwit the Cryptonight algorithm.

https://news.bitcoin.com/battle-algorithms-bitmain-sparked-asic-mining-war/

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