Sentences with phrase «asic mining efforts»

Not exact matches

An even bigger concern is the fact that miners will create new mining hardware and mining software which circumvent newer ASIC - resistant algorithms, making the centralization of mining possible again and making the efforts put forth by cryptocurrency project teams essentially all for naught.

It modified the Bitcoin network design to use the ASIC - resistant PoW algorithm Equihash in a stated effort to reduce mining centralization.

Immediately after Ethereum's co-founder, Vitalik Buterin proposed the introduction of the hard fork on the coin's supply at approximately 120 million, Piper Merriam, a developer advocated that the hard fork should be introduced to demonstrate an effort to resist ASIC based mining.