Will ASIC Miners Destroy The Ethereum Ecosystem?

The introduction of ASIC mining rigs has always sparked controversy in cryptocurrency communities. For example, bitcoin’s members blame the rigs for centralizing mining operations. Similarly, the founder of Siacoin is concerned about introduction of the rigs for his crypto. 

Now ethereum, the world’s second-most valuable cryptocurrency, is grappling with the same problem. (See also: How To Mine Ethereum On Your Computer). 

Bitmain, the China-based mining giant, recently introduced ASIC rigs for ethereum’s blockchain. But the news has hardly received a warm response from ethereum’s community. Instead, it has kickstarted an intense debate in the community about the merits and demerits of allowing ASIC miners into ethereum’s ecosystem. The discussion has important implications for the cryptocurrency’s future.

How ASIC Mining Rigs Affect Ethereum’s Ecosystem 

ASIC mining rigs bring a slew of benefits and disadvantages to a cryptocurrency’s ecosystem. For…