RATE Group | Ethereum Crypto Community Looks to Outlaw ASIC Mining for Ether (ETH)
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Ethereum Crypto Community Looks to Outlaw ASIC Mining for Ether (ETH)

24 Sep Ethereum Crypto Community Looks to Outlaw ASIC Mining for Ether (ETH)

Posted at 14:35h in Ethereum News by

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Ethereum Crypto Community Looks to Outlaw ASIC Mining for Ether ETH

The Industry is Working Closely to Block Ethereum ASICs

There are several ethereum miners that seem ready to block specialized mining hardware to operate on the network. In the last months, the community has been discussing about ASIC miners. However, back on Thursday, news broke regarding a new line of specialized mining hardware which could potentially generate six times more profit than the current miner created by Bitmain.

After the news, there were some proponents that started to call for a strike by GPU miners. For example, a GiHub user said that the only plausible way forward for GPU miners is to strike and commit to continuing to mine the existing chain, forcing compromise.

Ethereum and its community have several times rejected the idea to block ASIC miners. Nonetheless, there are some developers that a code change could be implemented as part of a network upgrade. The algorithm that is being debated is known as ProgPoW and is one of the most interesting improvement…

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