RATE Group | AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy
82690
post-template-default,single,single-post,postid-82690,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy

12 Mar AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy

Posted at 19:54h in Bitcoin News by

[ad_1]

Bitcoin (BTC) miners openly using AsicBoost are now comprising 63% of its network hashrate. This vindicates community concerns from 2017 that accused Bitmain of using the “covert” version of AsicBoost.

The statistic was highlighted on March 9 by Bitmex Research, building on a similar report from December 2018. Though the overt AsicBoost was only used by 30% of miners at the time, the analysts argued that the 2017 controversy was largely settled. They wrote:

“If covert AsicBoost was used by some miners to obtain a secret advantage, with significant adverse effects on Bitcoin, this problem now appears mostly solved.”

Bitmain was the target of strong criticism from notable Bitcoiners in 2017 after it allegedly introduced covert AsicBoost into its hardware. The company was also chastised for opposing the network’s Segregated Witness (SegWit) upgrade — a proposal which would have limited the usefulness of their covert AsicBoost tactics.

What is AsicBoost?

AsicBoost is the name…

[ad_2]

Source link

Tags:
, , , , , , ,