Sentences with phrase «asic resistance»

ASIC resistance keeps Monero decentralized, while also ensuring that small - scale miners can still make a profit.

The decision to maintain their ASIC resistance may result in disgruntled miners.

After Monero decided to upgrade their network and enable ASIC resistance, other crypto followed suit.

Unlike Bitcoin, Vertcoin's Proof - of - Work (PoW) consensus system has been built from the ground up with the idea of ASIC resistance in mind.

And since graphics cards are a lot more accessible and affordable for everyday users, this ASIC resistance means Vertcoin mining is set to be decentralized, open to anyone and not just large mining factories.

It incorporates ASIC resistance, meaning it's designed to avoid being dominated by mining farms, allowing everyone the opportunity to mine using simple consumer graphics cards.

An Ethereum developer has opened an Ethereum Improvement Proposal (EIP) to discuss whether the community should modify its Ethash mining algorithm to maintain ASIC resistance.

EIP 958, posted on GitHub by Ethereum core developer Piper Merriam, formally proposes that improved ASIC resistance be implemented into the network's instance of Ethash, a Proof - of - Work (PoW) consensus algorithm.

An informal poll conducted by Ethereum developer Vlad Zamfir suggested that the majority of the 6,903 respondents would hypothetically support a fork to maintain ASIC resistance, while just 13 percent expressed explicit disapproval of the idea.

Some altcoins tout ASIC resistance as a key feature, meaning that people can mine on those networks with consumer - grade hardware.

Not exact matches

A Declaration of Decentralization According to an official statement from MoneroClassic.org, the forked cryptocurrency comes about as a resistance to Monero developers changing the cryptocurrency's proof - of - work model to counter Bitmain - produced ASICs — a decision purportedly made out of fear that Bitmain would be able to effectively

In other words, the playing field is a lot more level with Equihash than SHA256 due to the ASIC - resistance.

Full ASIC - resistance, however, is thought to be impossible: Any mining algorithm could be subject to specialized chips.

In addition to botnet resistance, the Argon2d algorithm is resistant to both GPU mining and ASICs, meaning that anyone with a computer, the Credits wallet software, and an internet connection can mine Credits without being forced out of the market by the widespread GPU and ASIC farms which are currently monopolizing most cryptocurrency mining.

The debate surrounding Monero's decision to pursue ASIC - resistance has become prominent among many other cryptocurrency projects.

All these things allowed Spagni to defend his cryptocurrency's ASIC - resistance on Twitter, writing, «Their actions with the bitcoin community and more recently the sia community are clearly those of a bad actor.»

«They say BTG will be ASIC resistant, but the resistance procedure is not described in any whitepaper, and is almost completely absent from the code.»

In general, the proposal wants to create an Ethereum algorithm that is resistance to Application Specific Integrated Circuits (ASICs)

Most cryptocurrencies using the CryptoNight mining algorithm, including Monero, boast ASIC - resistance so that anyone with a CPU or GPU can contribute hashing power to the network.

All these things allowed monero creator Ricardo Spagni to defend his cryptocurrency's ASIC - resistance on Twitter, writing, «Their actions with the bitcoin community and more recently the sia community are clearly those of a bad actor.»