{"id":45628,"date":"2018-04-17T23:47:22","date_gmt":"2018-04-18T06:47:22","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=45628"},"modified":"2020-04-09T18:43:21","modified_gmt":"2020-04-09T17:43:21","slug":"moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate\/","title":{"rendered":"Monero\u2019s Anti-ASIC Hard Fork Successful Amidst An ASIC Domination Debate"},"content":{"rendered":"<p>In the days following the much anticipated anti-ASIC hard fork on <a href=\"https:\/\/cryptoslate.com\/monero-split\/\">Monero\u2019s network<\/a> on April 6th, miners who were early to the update managed to double, some even tripled their daily profits by upgrading their machines to match the new network standards.<\/p>\n<p><a href=\"https:\/\/www.crowdfundinsider.com\/2018\/04\/132049-mining-monero-more-profitable-right-after-anti-asic-hard-fork\/\">The temporary decrease in hashing power<\/a> on Monero\u2019s Network on April 6th during the scheduled network upgrade was in part a hard fork triggered by Bitmain\u2019s earlier announcement of the new privacy specialized Antminer X3 ASIC miners in a tweet posted on 15th of March.<\/p>\n<p>The giant manufacturer of the popular Antminer mining machines announced the planned release of the new Antminer X3 designed to mine privacy-centric coins such as Monero.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are pleased to announce the Antminer E3, world&#39;s most powerful and efficient EtHash ASIC miner. <br \/>Ordering limit of one miner per user and not available in China.<br \/>Limited stock, order here now: <a href=\"https:\/\/t.co\/Zfw3afjJHs\">https:\/\/t.co\/Zfw3afjJHs<\/a><a href=\"https:\/\/twitter.com\/hashtag\/antminerE3?src=hash&ref_src=twsrc%5Etfw\">#antminerE3<\/a> <a href=\"https:\/\/t.co\/SjHu2eUThp\">pic.twitter.com\/SjHu2eUThp<\/a><\/p>\n<p>&mdash; BITMAIN [Not giving away ETH] (@BITMAINtech) <a href=\"https:\/\/twitter.com\/BITMAINtech\/status\/981169456411021312?ref_src=twsrc%5Etfw\">April 3, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Right after the announcement, Bitmain\u2019s Antminer X3 came head to head with a notable tweet from <a href=\"https:\/\/cryptoslate.com\/people\/riccardo-spagni\/\">Riccardo Spagni<\/a> (lead developer at Monero) reminding the Monero community that the Antminer X3 would not work on the updated Monero network.<\/p>\n<p>In his post, <a href=\"https:\/\/twitter.com\/fluffypony\/status\/974333261450268677\">he retweeted Bitmain\u2019s post<\/a> in a move that showed Monero\u2019s determination to execute on the scheduled ASIC resistance changes that were to be implemented on the network before the shipping of the new Antminer.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just a reminder that this WILL NOT work on Monero <a href=\"https:\/\/t.co\/rhy6k2I4Yh\">https:\/\/t.co\/rhy6k2I4Yh<\/a><\/p>\n<p>&mdash; Riccardo Spagni (@fluffypony) <a href=\"https:\/\/twitter.com\/fluffypony\/status\/974182821437825024?ref_src=twsrc%5Etfw\">March 15, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Maintaining the ASIC resistance race<\/h2>\n<p>In the same thread, concern over the longevity of the anti-ASIC hard fork strategy was questioned by a Twitter user. \u00a0To respond to this, Spagni mentioned that since it takes about 5 months for development of Bitmain\u2019s miners to be complete and ready for shipping, Monero will be changing its PoW protocol every 3 months to maintain ASIC resistance status making it hard for the ASIC chip manufacturer to outpace the network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It takes AT LEAST 5 months to design, tape out, and take delivery of ASICs. We can merge the PoW change 3 months before our regular hard fork and they won\u2019t be able to outpace the network.<\/p>\n<p>&mdash; Riccardo Spagni (@fluffypony) <a href=\"https:\/\/twitter.com\/fluffypony\/status\/974333261450268677?ref_src=twsrc%5Etfw\">March 15, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>The reason behind the ASIC Resistance Race<\/h2>\n<p>Right after the tweets from Spagni confirming Monero\u2019s anti-ASIC hard fork that would render Antminer X3 obsolete were received, Bitmain updated its <a href=\"blank\">Antiminer X3 sales page<\/a> with the following:<\/p>\n<blockquote><p>&#8220;One major cryptocurrency which is using CryptoNight hash function is about to change their PoW algorithm, and according to their public statement, it is purposely to brick ASIC mining rigs including X3. When you are buying it, you are betting that they are wrong.&#8221;<\/p><\/blockquote>\n<p>The war against ASIC miners has been ongoing in the crypto space for a while. Monero\u2019s strategy, according to Spagni, is to come up with unpredictable proof of work mathematical models that will keep companies such as Bitmain from coming up with dedicated machines that would enable certain miners to have a monopoly over the network through owning the more powerful ASIC miners.<\/p>\n<figure id=\"attachment_42105\" aria-describedby=\"caption-attachment-42105\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-42105\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/Bitmain-E3-300x200.jpg\" alt=\"How Bitmain Will Ruin Ethereum Miners: Performance Analysis of the E3 ASIC\" width=\"300\" height=\"200\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/Bitmain-E3-300x200.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/Bitmain-E3-768x512.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/Bitmain-E3-1024x682.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/Bitmain-E3.jpg 1400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-42105\" class=\"wp-caption-text\">Related Story:\u00a0<a title=\"How Bitmain Will Ruin Ethereum Miners: Performance Analysis of the E3 ASIC\" href=\"https:\/\/cryptoslate.com\/bitmain-e3-asic-ethereum-miner\/\">How Bitmain Will Ruin Ethereum Miners: Performance Analysis of the E3 ASIC<\/a><\/figcaption><\/figure>\n<p>In the crypto world, the phenomenon where a network loses its decentralized and democratic attribute due to a huge stake held by ASIC miner owners is called centralization.<\/p>\n<p>In fact, the ASIC centralization debate has been the main problem faced by the Bitcoin Blockchain, such that manufacturers and miners with more powerful ASIC miners are able to control the overall decision making of the entire network.<\/p>\n<h2>The inevitable ASIC domination<\/h2>\n<p>Although Monero is determined to remain ASIC resistant for the long run, there have been critics in the crypto space saying that the fight against ASIC miners won\u2019t last long.<\/p>\n<p>Furthermore, a blog from Monero\u2019s site admitted that although ASIC resistant changes will continue to be made, the ASICs may be inevitable \u201cand that any transition to an ASIC dominated network needs to be as egalitarian as possible to foster decentralization.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the days following the much anticipated anti-ASIC hard fork on Monero\u2019s network on April 6th, miners who were early to the update managed to double, some even tripled their daily profits by upgrading their machines to match the new network standards. The temporary decrease in hashing power on Monero\u2019s Network on April 6th during [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":45640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2376,61045],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monero\u2019s Anti-ASIC Hard Fork Successful Amidst An ASIC Domination Debate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monero\u2019s Anti-ASIC Hard Fork Successful Amidst An ASIC Domination Debate\" \/>\n<meta property=\"og:description\" content=\"In the days following the much anticipated anti-ASIC hard fork on Monero\u2019s network on April 6th, miners who were early to the update managed to double, some even tripled their daily profits by upgrading their machines to match the new network standards. The temporary decrease in hashing power on Monero\u2019s Network on April 6th during [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T06:47:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T17:43:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/monero-asic-mining-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew North\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Monero\u2019s Anti-ASIC Hard Fork Successful Amidst An ASIC Domination Debate\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/monero-asic-mining-social.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew North\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/moneros-anti-asic-hard-fork-successful-amidst-an-asic-domination-debate\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/#person\",\"name\":\"Matthew North\",\"url\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/author-matthew-north.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/author-matthew-north.jpg\",\"caption\":\"Matthew North\"},\"description\":\"Matthew North is a freelance writer who studies virtual currencies. 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