RATE Group | Ethereum’s ASIC Rebellion Heats Up With New Effort to Brick Big Miners
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Ethereum’s ASIC Rebellion Heats Up With New Effort to Brick Big Miners

11 Sep Ethereum’s ASIC Rebellion Heats Up With New Effort to Brick Big Miners

Posted at 08:13h in Ethereum News by

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“When mining ether won’t pay for power anymore, what will you do?”

The question – posed on an ethereum forum Thursday – is emblematic of a growing anxiety among the miners who today dedicate both computing power and machinery to securing the world’s second-largest cryptocurrency.

Grappling with the emergence of ethereum ASICs, or specialized mining hardware built to maximize the software’s rewards, the forum features no shortage of miners stating their intention to move their kits to other cryptocurrencies.

“What is the ether value when all the miners quit?” another post asks.

The statements come in advance of an ethereum software upgrade scheduled for October. Dubbed Constantinople, the change, to be conducted via a hard fork, is set to reduce the amount of coins paid out to miners from 3 ETH to 2 ETH per block, as currently coded by developers.

While that won’t necessarily break the bank of miners, the changes could add up quick. According to figures from Etherscan,…

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