Posts in category

ASICs


The Grin community is trying to keep ASICs away – but only for the next two years. Best known for implementing MimbleWimble, which refactors and in turn, improves both the privacy and scalability of its blockchain,  the developers of Grin recently released a technical roadmap that looks to keep the powerful mining hardware from being …

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A chip designer with extensive experience in developing bitcoin mining devices is turning her sights on the ethereum protocol. Chen Min, the former chief chip maker at bitcoin mining chip developer Canaan Creative, launched a new venture to build cryptocurrency mining devices called Linzhi. The firm’s first project tackles the ethhash algorithm used by ethereum and …

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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 …

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A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that …

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Hard forks are never easy. By definition, such system-wide upgrades require every software user to upgrade to new rules near-simultaneously, meaning there’s coordination difficulties that need to be overcome to ensure the code continues to operate as designed. Still, in a upcoming October upgrade named Constantinople, ethereum is faced with a perhaps unique challenge — …

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A meeting that brought together a broad representation of ethereum stakeholders to discuss code changes on which decisions need to be made ahead of a software upgrade scheduled for October, failed to produce immediate results Friday. The bi-weekly developers call, which this week included a majority of the network’s miners and some prominent investors, had …

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Full details of the now concluded developer meeting can be found here. Miners, investors, developers and more. That’s a summary of the diverse set of ethereum stakeholders that will be in attendance at an upcoming developer call, according to Ethereum Foundation communication officer Hudson Jameson. Set to take place at 14:00 UTC Friday, the live-streamed meeting aims …

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New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give those running the software the …

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The proposals just keep piling in. At press time, a total of six ethereum improvement proposals (EIPs) have emerged, each hoping to alter the project’s code ahead of an upcoming software update (scheduled for October). Driving the debate is ethereum’s so-called “difficulty bomb,” a piece of code locked into the $45 billion platform that makes …

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Vietnam has moved a step closer to halting cryptocurrency miner imports, a local new source reported on Thursday. According to Viet Nam News, State Bank of Vietnam (SBV), the country’s central bank, has now agreed to a proposed plan to halt imports of the specialized mining devices since the country has already banned the use of …

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Members of the zcash community have voted not to prioritize ASIC resistance, according to the results of a governance panel led by the Zcash Foundation. Announced at the  Zcon0 conference in Montreal on Thursday, the ballot, which proposed to prioritize ASIC resistance and “discourag[e] the use of ASIC mining equipment in favor of [graphics card] …

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If you can’t beat ’em, join ’em. The age-old idiom may be particularly relevant for David Vorick, the co-founder of the Sia blockchain, whose new project aims to fight powerful crypto mining chip manufacturers by bringing competition to the sector. To do this, Vorick launched Obelisk, a new chip manufacturing business last year, an effort he …

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Brick ’em? Maybe not anymore. What was once a phrase that echoed across message boards, one that defined an aggressive shift in sentiment against the companies that today make hardware required to run cryptocurrency software, is falling out a fashion as the so-called ‘War on Miners‘ enters a less decisive period. Indeed, in the wake …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cryptocurrency advocates are constantly trying to convince non-experts of the advantages of permissionless blockchains, typically by explaining …

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One of the world’s largest cryptocurrencies could soon put out a welcome mat for more controversial miners – that is, if one of its core developers has his way. Indeed, amidst what has been broadly called a “war on miners,” with cryptocurrencies including ethereum, monero and siacoin taking aggressive steps to limit the effectiveness of certain types …

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Can public cryptocurrencies stay public? That’s the simple question that lies at the heart of a complex debate happening across major cryptocurrencies, where developers from projects as diverse as ethereum, monero and zcash are up in arms over what to do about the arrival of a new form of hardware that could upend the delicate balance …

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Vitalik Buterin is coming out against a proposal that would find the blockchain he created changing its software to limit the performance of mining hardware designed to yield a greater cut of the network’s rewards. Buterin’s comments, issued in a biweekly developer meeting Friday, come in response to the launch of a new product by mining …

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A hard fork of privacy-centric cryptocurrency monero executed this morning, but the success of the roll-out is still unclear. At block number 1546000 (08.20 UTC on Friday), the software upgrade of the cryptocurrency went live, according to data from blox.minexmr.com. Due to the controversial nature of the upgrade, the monero community have gathered on social …

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‘ASIC-resistant no more? That’s the question circulating Tuesday in the wake of news that Bitmain, the China-based maker of hardware specialized for cryptocurrency software, had developed a new “ASIC” mining chip designed specifically to process ethereum transactions and claim the protocol’s rewards. Bitmain confirmed the release of its Antminer E3 chips, which will retail for …

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Tech giant Intel is seeking to patent a hardware “accelerator” for bitcoin mining chips, a newly-published filing reveals. The application for a “Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath” was published on Thursday, though it was originally submitted to the U.S. Patent and Trademark Office (USPTO) in September 2016. In …

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