On March 24 the creators of Monero made an unprecedented statement – the project devlead, Riccardo Spagni, warned that the coin’s protocol would be changed every six months to make the cryptocurrency less appealing to application-specific integrated circuit (ASIC) miners. Continue reading Monero and SiaCoin Reject Bitmain’s ASIC Miners
A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Continue reading Bitmain Has Developed an Ethereum ASIC Miner?
Say what you will about their position, but the developers of Monero are sticking to their guns. Over the weekend, Riccardo Spagni — lead maintainer of the privacy-centric cryptocurrency — released Lithium Luna, the latest version of the Monero source code. The update itself was planned, but included in the software is an emergency provision intended to prevent ASIC miners from operating on its network, which uses the Cryptonight Proof-of-Work (PoW) hashing algorithm. Continue reading Monero Sticks to Anti-ASIC Guns
March 18 update: In a confusing decision, Bitmain has updated their sales page again for the batches 3 and 4 of the Antminer X3 to read “No shipping to Hong Kong,” while only yesterday the description for these batches denoted that they would “only” be shipped to Hong Kong.
Bitmain’s just-released ASIC-powered Antminer X3, designed to mine the CryptoNight hashing algorithm used by Monero (XMR), may not be effective by its first release in May 2018, according to an article by The Next Web published yesterday, March 16.
The new Antminer, announced on Bitmain’s Twitter on March 15, comes at two price points: $11,999 for the first round in delivered May, and $7,599 for the second batch, delivered in June.