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Giant crypto hardware bitmap to release Zcash's first ASIC miner

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Equihash, the work proof exploration algorithm (PoW) used by Zcash and a variety of other cryptocurrencies, is about to get a lot less fair.

On Wednesday, mining equipment manufacturer Bitmain revealed that it had developed the first application specific integrated circuit (ASIC) capable of operating secure networks by Equihash.

Zcash ASIC minor from Bitmain – the Antminer Z9 Mini – has an announced hashrate of 10k G / s and is expected to start shipping by the end of June.

However, it is likely that this new era for the previously ASIC-resistant mining algorithm has already begun, because most people believe that Bitmain is starting to use its new ASICs in private before announcing them to the General public.

Critics of ASICs claim that the development of these miners centralizes the hashpower, especially since Bitmain currently has no significant competitor in this nascent market.

Therefore, Zcash adopted Equihash to stave off the development of Zcash ASIC miners, and cryptocurrency has so far been exploited primarily using hardware powered by universal GPU chips, which are widely used by PC players.

Bitmain has methodically cracked previous ASIC-resistant mining algorithms in recent months, revealing miners for the Ethash, Cryptonight, and Blake (2b) algorithms.

Monero, Cryptonight's most important coin, has recently changed its instance of the mining algorithm so that Bitmain's Cryptonight ASIC is not compatible with its network, Ethereum – which is guaranteed by Ethash – debated the adoption of similar measures.

Up to now, at least one piece of Equihash – Bitcoin Gold – said that it will activate a hard fork to maintain ASIC resistance once Bitmain has started shipping its miners ASIC Equihash.

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A few hours before Bitmain announces the release of a minor Zcash ASIC, Zooko Wilcox, co-founder of Zcash, wrote in a forum that, knowing that ASIC resistance can not be sustained indefinitely, it's only a matter of time. 39 is informed about the current state of cryptocurrency. mining.

Wilcox, who is also CEO of Zcash Private Company, said that he had been struck by the importance of GPU extraction in countries like Venezuela, where ASIC miners – which must be imported – would probably be stolen during shipping.

"Oh, in the end, in fact, I'm basically still in the same place now that I was four years ago when we decided to opt for the widespread distribution of coins. currency at the expense of casting-cost-incentive-alignment ", he concluded. "I continue to think that the widespread distribution of coins is more important" even if "it can not last forever."

Featured image from Shutterstock.

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