Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

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Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

Fri Jun 15, 2018 8:53 pm

This week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were meant to provide ASIC resistance.

Over the past few weeks, there’s been a lot of discussion on the subject of application-specific integrated circuits (ASICs). The conversations have revolved around digital currency networks that have been threatened and even maliciously attacked to the point that coins are allowed to be double spent. Cryptocurrency proponents that hoped their favorite cryptocurrency consensus algorithm would defend the network are finding out they were sorely mistaken. Cryptocurrencies like Bitcoin Gold, Monacoin, and Verge have seen significant attacks on their networks and millions have been stolen or double spent by malicious actors.


https://news.bitcoin.com/study-reveals- ... -hashrate/

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