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Will zcash fork asic

Bitmain’s Zcash ASIC miner — the Antminer Z9 Mini — has an advertised hashrate of 10k Sol/s and is scheduled to begin shipping in late June. Zooko Wilcox, hinted of an upcoming Zcash Hard Fork. class-action lawsuit? support trader. Unlike Bitcoin, Zcash's private transactions hide the sender, recipient, and value of transactions on the blockch Introducing the AM200 Ethereum Miner. download. We do know the Bitcoin Gold team is already preparing to fork away from this mining algorithm to avoid the ASIC threat altogether. –. Curiously, the founder of ZClassic, controversial Rhett Creighton, has announced he will participate in the community discussions around ZEC ASIC resistance. Will it be implemented alongside October's Constantinople hard fork? One of Ethereum’s lead developers has expressed support for a code change that would prevent ASIC hardware from mining Ethereum. Story of the coin: ZCash. The ZCash project has received criticism in the past from the Monero community, for being organized as a company, and not as a grassroots movement. Under this proposal (in its revised form), the team will integrate ProgPoW with Zcash, in the sense of releasing a proof-of-concept fork of the Zcash node software using ProgPoW instead of Equihash, as well as compatible open-source mining software and an operating testnet. Unlike Bitcoin, Zcash's private transactions hide the sender, recipient, and value of transactions on the blockch Zcash Zcash Co’s statement: While the foundation conducts its research, the Zcash Company’s focus will remain on: the safe and successful release of Overwinter (June, 2018) and Sapling (September 2018), and equipping our growing ecosystem (including wallets and exchanges like Gemini) to integrate Sapling successfully. com/r/zec/comments/8hy8pb/the_zcash_foundations_official_statement_on_asicEither stay the ASIC resistant coin we all bought into or tuck their tails and This is the equivalent of putting on sun screen after you're already If ZEC chooses to fork, I as a GPU miner, will continue mining the coin we built. The hard fork project was mentioned by Bitmain as UAHF: A contingency plan against UASF (BIP148) on the corporate blog that the ASIC hardware manufacturer will launch if this soft fork (BIP 148) succeeded. Reaguje tak na nedávné uvedení nového ASIC mineru specializovaného na Equihash, algoritmu, s pomocí kterého se kryptoměna Zcash těží. Unlike Bitcoin, Zcash's private transactions hide the sender, recipient, and value of transactions on the blockch Even Bitcoin Gold has stated it will activate a hard fork to maintain ASIC resistance to Bitmain. Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner. It’s going to be a hughe centralisation. PIP stands for Percentage In Point. Zcash informed that the first “availble slot” for an asic fork would be april 2019. At the end of August the project rebranded into Horizen due to the brand’s expansion strategy. In the same round of elections, the community confirmed they wouldn’t mind a change to the Zcash proof-of-work algorithm. If this fork is successful, it could take a significant portion off the value of ZCash. When Bitmain announced a new ASIC miner for Monero, the Monero foundation performed a hard-fork to change the mining algorithm, making the miners useless. An example is the Bitcoin Gold (BTG) that is forking to Equihash-BTG To put the fork into perspective, it will effectively “brick” Bitmain and Innosilicon ASIC mining. The governance panel consisted of 64 elected individuals from the Zcash Other than Zcash, it may not even be worth buying such an ASIC miner, although that decision should be made by users individually. 10000 Sol/s @ 300 Watts, is it legit or scam? With the release of this Equihash ASIC will coins like Zcash, Bitcoin Gold, Bitcoin Private and Komodo hard fork?Jul 01, 2018 · Zcash Co’s statement: While the foundation conducts its research, the Zcash Company’s focus will remain on: the safe and successful release of Overwinter (June, 2018) and Sapling (September 2018), and equipping our growing ecosystem (including wallets and exchanges like Gemini) to integrate Sapling successfully. They have indicated their opposition after the launch of a new application specific circuit designed to process Recently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. According to organization there was no reports of bugs or faults during or hours after the hard fork. ASIC-resistance is a misunderstood problem. Like Bitcoin, Zcash has a limited supply of 21 million coins, but that is where the similarity pretty much stops between the two coins. Zooko Wilcox, founder of Zcash, hasn't publicly stated if the altcoin will take measures to prevent ASIC miners. Update 9th May. Bitmain’s Zcash ASIC miner — the Antminer The post Crypto Hardware Giant Bitmain to Release First Zcash ASIC Miner appeared first on CCN Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable. "2. Many things could happen in the near future that might affect its value. Zcash was initiated with a complex six-person ritual, and if any one of those people was honest then the Zcash network is free of this so-called “toxic waste” taint … but obviously this Zcash also uses zk-SNARKS to verify transactions which, to put it simply, is the concept of proving that you know something without revealing what it is that you know. Whether or not that’s a smart decision is something else entirely. At the time of writing the article, 1 BTG cost $36. will zcash fork asic [ November 20, 2018 ] Bitcoin Cash – ABC / SV, Litecoin and Ripple Daily Analysis – 20/11/18 Litecoin [ November 20, 2018 ] In the past Zcash deployed Equihash in order to avoid the upcoming Zcash ASIC miners. In the case of Zcash, there has been a recent community voting process which displayed some interesting results. Fork date – The date of the Bitcoin Hush event was the 2 nd of January 2018. Bitmain launches their Antminer Z9 Mini Zcash mining ASIC Bitcoin Gold, an Equihash-based cryptocurrency plans to implement a hard fork to maintain ASIC resistance Bitmain launches their Antminer Z9 Mini Zcash mining ASIC Bitcoin Gold, an Equihash-based cryptocurrency plans to implement a hard fork to maintain ASIC resistance Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to stand against ASIC mining. However according to the co-founder of Zcash, Zooko Wilcox, it is impossible for virtual coins to remain ASIC-resistant forever. That means there will be two more years of using the same algorithm and potentially dealing with an influx of ASIC miners. This decision came at around the same time that Bitmain decided to launch an ASIC machine for Zcash exclusively. This is already used by Zcash and is relatively ASIC-resistant. This is buyer beware though. Even Bitcoin Gold has stated it will activate a hard fork to maintain ASIC resistance to Bitmain. This value is an all-time low for the project. In October 2017, Bitcoin Gold appeared as a hard fork of the main Bitcoin blockchain, taking place at block 491407. The ZenCash (ZEN) hard fork is finally going to be here (on June 26) that will mark a software update in order to fight ASIC and centralization. The battle of hardware vs. A new proof-of-work algorithm will be introduced, and there is no real desire to remain ASIC-resistant. . Ethereum Improvement Proposal (EIP) 958, submitted by Ethereum developer Piper Merriam on Thursday, proposes that Ethereum take measures to maintain ASIC resistance and …Zcash can be profitably mined using regular GPU computational power and is currently ASIC-resistant due to its memory-hardness, There has been recent discussion and rumours about the creation of an ASIC-miner by Bitmain that could potentially mine for Zcash. 2017 jody It’s forking season. Just after Bitmain announced the release of an ASIC miner for an “ASIC-Proof” Ethereum, the Ethereum community proposed a hard fork to limit the ASIC ’s effectiveness. ZCash was developed primarily as a privacy coin and the privacy functionality was built into the protocol. software has broken out in the world of cryptocurrencies. The ASIC-resistance prevents the mining process from being centralized. ASIC rezistence. When Bitmain announced a brand new ASIC miner for Monero, the Monero foundation performed a hard-fork to enhance the mining algorithm, generating the miners useless. Bitmain is usually the most trusted site, but Innosilicon is used as well, but it is generally considered to be a hoax/scam. Zclassic was released in November 2016, by blockchain developer Rhett Creighton. - As Zencash is a fork coin of Zclassic , you would get additional Zencash if you had some Zclassic in pool wallet before. Smaller coins do not enjoy the same benefits. . org, but be asic bitcoin mining farm careful - it can be easy to make mistakes if you don't know bitcore lib zcash what . There was a proposal to fork the network, and ZCash resistant, just like Monero (XMR). Happy to announce the Antminer Z9 mini, an ASIC minor for mine # Equihash-based cryptocurrencies. Coinbase appears to be slated to add Zcash to their coins to buy on their platform in 2018. Speaking with CoinDesk, founder of zcash and CEO of Zcash Company, Zooko Wilcox echoed these points, observing how the work influenced his thoughts on the subject. Zcash has decided to remain an ASIC mineable crypto, so the Bitmain Antminer Z9 and Innosilicon A9 will make GPU mining of Zcash/ZEC obsolete. They've been regularly putting out several other algorithm ASICs, and the first of several we are reviewing at Bitsonline is the Antminer Z9 Mini. ZCASH is the virtual cryptocurrency linked to the ZCASH blockchain, which resulted from a fork of the Bitcoin protocol. Equihash is also employed by the zCash (Classic), Developers of Zcash have stated that the struggle against ASIC-supported mining is a priority. “If you chose not to choose you however have designed a option. A robust, decentralized, accessible Zclassic network. ” Zcash is a fork of Bitcoin protocol, thus they share some similarities, such as the total amount of coins to be minted and block reward halvings. This study relates directly to Jul 3, 2018 Owing to it, the Zcash foundation declared that the network becoming one which is ASIC resistant should be a technical priority. What you Bitcoin Private, a supposed “fork-merge” of itcoin and Zclassic, is intended to add privacy and spendability to the Bitcoin blockchain while remaining cognizant of the challenges, choices, and failures of prior forks. Since ASIC miners cannot be upgraded (yet) they become obsolete and practically useless. Zclassic is a fork of Zcash without slow start and 20% founder Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to stand against ASIC mining. This article will be updated as and when new announcements are made. Zcash Votes Against ASIC Resistance In Boon There's nearly a dozen coins that use equihash, and zcash, the biggest already said they won't fork over the ASIC introduction. Links:The Zcash Foundation has recently announced its efforts in maintaining ASIC (Application-Specific Integrated Circuit) resistance, which is considered an immediate technical priority to pay attention to. Already there is a poll running seeking to fork ZCash in a bid to prevent ASIC mining. This hard fork was about to prepare the network and its users for further updates, like Sapling, which is planned for late October 2018. The Constantinople hard fork is a system-wide Ethereum update designed to increase the network’s efficiency. Some coins even began their testing for proof of work change. The demand for Bitcoin mining hardware seems to causing some strange decisions among the ASIC manufacturers and one such is apparently the announcement of the Bitmain Antminer V9. ccn. The title was eventually shortened to Zerocash, and then finally, Zcash, in 2016. The Zcash Foundation should therefore adopt this as a priority. Instead, the Bgold project hopes it can prove a valuable exercise for Bitcoin; a sort of test case for a hard fork that Bitcoin itself may one day require. Zcash transactions can be shielded to hide the sender, recipient and value of all transactions on the blockchain. ZenCash is a fork of Zclassic, which is a fork of Zcash. Litecoin underwent a hard fork in the past after which Litecoin Cash was created. The creator of zcash has prompted controversy after revealing details about his salary at a conference focused on the privacy-centric blockchain tech. In the context of cryptocurrency, it’s a microchip specifically designed to execute a hashing algorithm as quickly as possible. One possible interpretation of this graph is that the total Bitmain ASIC hashrate is around 500 Megahash/sec. On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC) miner capable of In this video I address one of the core issues of cryptocurrency mining: centralization. Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to ZCash has the highest miner payouts of the Equihash coins, and currently boasts a $211M retail capital. current: zcash fork in to 2 chains? bitmain antminer z9 mini asic! zec co. The Foundation should commit to a plan for migrating the Zcash protocol to a new proof of work algorithm with a hard-fork planned between September 30, 2020 and December 31, 2020, with the following tasks: 1) Selecting a thermodynamically efficient (not ASIC-resistant!), currently unused proof-of-work algorithm 2) Hosting and building an open Zcash (ZEC) is a privacy-focused cryptocurrency that has been used as digital cash since 2016. That all changed in February 2018, when Bitmain announced that they had developed an ASIC chip capable of mining Equihash algorithm cryptocurrencies. While the Zcash Foundation isn’t committing to anything as of yet, they are continuing to take community feedback on this topic. However, it looks like Bitmain is working around the clock to produce ASIC miners for the most popular tokens. The news is a bit ironic as Bitcoin Gold was a bitcoin fork that was supposedly created to move bitcoin The governance panel consisted of 64 elected individuals from the Zcash community. Bitcoin Gold, the bitcoin fork that was supposedly created to move bitcoin away from mining centralization and ASICs has just announced that they will be changing their mining algorithm to resist new Equihash ASIC miners. com[ November 20, 2018 ] Bitcoin Cash – ABC / SV, Litecoin and Ripple Daily Analysis – 20/11/18 Litecoin [ November 20, 2018 ]On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC) miner capable of mining on Equihash-secured networks. You as Bitmain realize the folly of announcing your ASIC to the public. As Wikipedia explains, "Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Monero went through a hard fork to defy this ASIC resistance - resulting in the creation of multiple new currencies. Consequently, Zcash adopted Equihash to stave off the development of Zcash ASIC miners, and the cryptocurrency has heretofore been mined primarily using hardware powered by general purpose GPU chips, which are widely used among PC gamers. After his brief explanation, the floor was open to questions, and he did give out a few interesting facts on the future of ZCash. By going ahead with the hard fork, only Obelisk miners manufactured by Sia’s parent company Nebulous will be able to mine Siacoin on the blockchain. Zcash initially started as a Bitcoin fork, originally called the Zerocash Protocol. If they fork ZCash and some of the more profitable equihash coins, this will be an expensive doorstop. At block height of 332576, this hard fork will be executed which is expected to give ZEN prices the push it needs right now. The question on the minds of Zcash holders and fans is whether the developers will choose to fight ASICs. It is designed for mining all cryptocurrencies that use the Equihash algorithm, one of the most well-known examples of which is the privacy-focused Zcash (ZEC). Instead, the code will ensure only Obelisk ASICs – the units developed by the Sia team through the Obelisk subsidiary – will be able to mine. Introducing the AM200 Ethereum Miner Delivering 230Mh/s at 1350W, the best Ethereum Mining efficiency of any system on the market. Equihash is also employed by the zCash (Classic), Zencash, and Hush cryptocurrencies. The huge increase in Zclassic’s power in January and February 2018 is caused by a huge price increase during that time (prior to the BTCP-fork). Zcash also uses a PoW mechanism that is ASIC-resistant, and its Equihash PoW does not require ASIC chips for its mining operations. Bitcoin Gold has also decided that a fork is on the way for their coin. They have indicated their opposition after the launch of a new application specific circuit designed to process transactions for the privacy coin. The new faster in terms of hashrate Bitmain Antminer Z9 ASIC miners do seem to be more limited in terms of operating voltage, so you will most likely will not be able to overclock them as much as a Z9 Mini, but still going from the default operating frequency of 500 MHz to 625 or 650 MHz should be possible on pretty much all miners. Currently, pool can't move funds from private address due to internal Zencash bug. It is a Komodo asset chain. Litecoin Cash price details: Many of the cryptocurrency experts believe that Litecoin is going to rise more. Developers of Zcash have stated that the struggle against ASIC-supported mining is a priority. Zcash is the first zero knowledge crypto protocol. Currently, ZCash is ranked #19 with a market cap of $961. Bitcoin Cash has stated it will hard fork to maintain its resistance to asics Bitcoin Gold (BTG), another Equihash cryptocurrency, has also revealed plans to activate a hard fork in order to remain ASIC-resistant once the Equihash ASIC miners begin shipping. Zcash Governance Panel Shoots Down Research on ASIC Resistance June 28, 2018 Rachel Rose O'Leary Members of the zcash community have voted not to prioritize ASIC resistance, according to the results of a governance panel Bitcoin Global News (BGN) May 04, 2018 -- ADVFN Crypto NewsWire -- The company that’s known for effectively, single-handedly causing the Monero fork as well as the development of ASIC resistance, is now threatening ZCash and all coins that use the Equihash consensus algorithm. Recently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. Recently, rumours on ASIC or an Application Specific Integrated Circuit have been floating around the Ethereum scene. However—and this nuance is important—we also recognize that ASIC resistance may be a red herring, for the health and decentralization of the protocol in the long term. Zcash is ultimately a redeveloped transformation of the Zerocoin protocol and the Zcash system. However, now that Equihash ASIC miners are set to hit the market the Zcash community must grapple with whether to make its peace with this development or adopt a hard fork to render the Z9 mini incompatible with the cryptocurrency’s network. There is 8x the amount of Equihash hashpower on Zcash as on Horizen right now, and if a single mining farm that has Equihash ASIC’s decided to attack Horizen there would be an issue. Additionally, Bitcoin Gold plans to introduce a hard fork designed to maintain ASIC resistance once Bitmain starts to ship Equihash miners. Bitfury Launches New Generation of ASIC-Based Bitcoin Mining Hardware! Every ASIC miner has their own specific mining algorithm, which mines a certain group of coins. We’ll call it “Equihash-BTG,” for now. 2018 14:45 24. Bitmain’s has released its Zcash ASIC miner for the Equihash algorithm — the Antminer Z9 Mini — with an advertised hashrate of 10k Sol/s. The retail emergence of an Equihash-specific miner demonstrates that Equihash, as implemented today To combat this, Zcash must fork to a new ASIC-resistant algorithm but the project’s governance recently decided to deprioritize this issue. Here is a quick list of the latest CPU and GPU miners available for mining the Zcash (ZEC) that uses the Equihash algorithm used by the coin. It is a privacy coin that uses the equihash mining algorithm coupled with a lot of unique features. May 10, 2018 · Bitmain has unveiled their Antminer Z9 Equihash ASIC miner and now essentially every equihash cryptocurrency project has released their plans on whether they will hardfork to invalidate the new Author: VoskCoinViews: 20KPeople also askWhat is Zcash used for?What is Zcash used for?Zcash is a fork of the bitcoin protocol, the first and most widely used blockchain cryptocurrency. Just this April, Monero hard forked to avoid the impending centralization of ASIC miners. The developers point out the advantages of the cryptocurrency right away. ” The back and forth As such, many miners are threatening to take their hardware elsewhere or else create alternate versions of the cryptocurrencies they’re already But the ZMater has taken over as the fastest ASIC at 50,000 sols/sec, and with a fraction of the power that 5 Z9s would consume to match this performance. ZCash is already doing significantly better when compared to the previous performance this coin had during the latest market crash, also …Bitmain has unveiled their Antminer Z9 Equihash ASIC miner and now essentially every equihash cryptocurrency project has released their plans on whether they will hardfork to invalidate the new miners. One more thing which should be taken into account is the total supply for both of these cryptocurrencies. Monero regularly hard forks about twice every year, some people have called these regular hard forks network upgrades. The leading ASIC for most cryptocurrencies today is a 14nm ASIC. “ASIC mining acceptance would mean that every single miner that has supported the zcash network will be displaced and forced to either switch coins or invest in new hardware. gm handelskontor ug köln. -> Agree Disagree. ” The back and forth The Zcash governance panel conducted a poll with seven questions late last week, and one of the question was if they should work on ASIC resistance. This algorithm is known for its ASIC-resistance, security, and privacy. by MinerGate Mining Pool September, 10, 2018. From its inception people have used CPUs and GPUs to mine new Monero, but in January of this year it appeared that people had found a way to use ASICs to mine Monero. However, before the products made it to the market, Monero successfully created a new fork to change the mining algorithm, rendering Bitmain’s ASIC miners useless. ASIC offers new challenges, but they will not "kill" it. The new EWBF Cuda Equihash Miner v0. Bitcoin Oct Fork Bitcointalk Zcash Miner Bitcoin Oct Fork What Is Bitcoin Hash Rate Buy Litecoin With Bitcoin Bitcoin Investment News Best Bitcoin Miner Sites You will not believe how simple around the globe to understand what a pip is. The Zcash Foundation is an independently operated 501(c)3 whose mission is “dedicated to building Internet payment and privacy infrastructure for the public good, primarily serving the users of the Zcash …Bitmain has unveiled their Antminer Z9 Equihash ASIC miner and now essentially every equihash cryptocurrency project has released their plans on whether they will hardfork to invalidate the new miners. Some of this power temporarily migrated from Ethereum or other GPU-mined coins. While not all committee members believe the notion of ASIC-resistance is an important one to cryptocurrencies, the committee gave submissions related to proof-of-work and ASIC-resistance the benefit of the doubt, judging these submissions under the assumption that the Zcash community is interested in ASIC-resistant developments. ASIC chips are custom…Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable. Moreover, the move by Bitmain to target Equihash coins has got the Bitcoin Gold (BTG) developers in a bind. Zcash owner, Zooko Wilcox understands that technology is bound to keep developing and he needs to follow the latest in the cryptocurrency field for Zcash to stay on top. Currently, the easiest way to dig Zcash is through GPUs designed for the gaming industry. 5 coins, both ZEC and BTC are based on POW algorithm, Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable. The creators of ZCash were openly accused of betraying the interests of the community, Monero conducted a hard fork, and Ethereum is on the way to changing the algorithm. Unlike Bitcoin, Zcash's private transactions hide the sender, recipient, and value of transactions on the blockch Antminer Z9 Mini - A New ASIC miner for Equihash algorithm. This is a short term problem as the 51% attack prevention update will make that attack vector significantly more difficult. @zooko I hope you overthink the need of a fast fork and be resistant to ASICS from this company. ZenCash is a fork of Zclassic, which is a fork of Zcash. Zcash is a digital currency with strong privacy features. ZCASH FORK IN TO 2 CHAINS? BITMAIN ANTMINER Z9 MINI ASIC! ZCASH CLASS-ACTION LAWSUIT? by cryptomined View this thread on steemit. 99Bitcoins supplies video and text tutorial on how to buy Bitcoins with Paypal, Credit Card, debit card and more. A new proof-of-work algorithm will be introduced, and there is no real desire to remain ASIC …There was a proposal to fork the network, and ZCash resistant, just like Monero (XMR). On Thursday, Bitmain announced its new Antminer Z9 Mini, an ASIC that would be able to mine any cryptocurrency running the Equihash algorithm. Several people have expressed concerns over this stating that ASICs would lead to centralization of mining and being ASIC resistant is a key step towards decentralization. will fork them to be not usable for the coin, just wondering your thoughts on asics, sorry if not allowed here, Thanks. The Zcash governance panel conducted a poll with seven questions later on the other day, and among the question was if indeed they should concentrate on ASIC resistance. However, Zcash has managed to steer clear of the cryptojacking phenomenon so far. Transact efficiently and safely, with low fees, while ensuring digital transactions remain private. ” The back and forthZCash is Waiting for Its Hard Fork. Just after Bitmain announced the release of an ASIC miner for an “ASIC-Proof” Ethereum, the Ethereum community proposed a hard fork to limit the ASIC’s effectiveness. ZCash has always been marketed to large-scale customers, and this time, ASIC mining may be presented as a positive feature. It is possible that the result may be ASIC resistance, once the community has spoken. They talk about ASIC resistance, fair distribution of coins during hard fork, wallet protection, thanks to unique addresses, and the transparency of the system. ZCash can also be mined, and until recently it was possible to mine ZCash at home with nothing more than the CPU or GPU in your personal computer or laptop. The Antminer Z9 Mini is the latest ASIC mining product from Bitmain. Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. What is the future of Zcash a privacy oriented cryptocurrency, inspired by Bitcoin. About Equihash. Zencash, a Zcash fork, has also announced plans to potentially change its algorithm for the same reason. It will be a more attractive komodo that does not support pow anyway. Zcash has recently witnessed a 6. ASIC resistance in Equihash algorithm. Zcash's first hard fork is coming up, and devs expect it to activate without a hitch, preparing zcash for bigger, better upgrades in the future. 21 million. This would include Bitcoin Gold, Zcash, Komodo, ZClassic, ZenCash, Hush, and a few others. Bitcoin Gold is interesting because it forked to the ASIC-free <144,5> variant shortly after the Z9 Mini was released. FPGAs, GPUs and CPUs can themselves be considered ASICs. ASIC resistance in Equihash algorithm. We are anxious about what will happen next with Equihash cryptocurrencies and what Bitmain’s next move will be. If this fork is successful, it could take a significant portion off the value of ZCash. Selectively disclose address and transaction details for information sharing, auditing or regulatory compliance. ZCash has the highest miner payouts of the Equihash coins, and currently boasts a $211M retail capital. 0. Jul 1, 2018 This will occur in the form of a hard fork in late 2020. ” Hyperspace did not immediately respond to a request for comment. In the case of Zcash, there has been a recent community voting process which displayed some interesting results. Zcash (ZEC) is a decentralised, open-source cryptocurrency launched in October 2016 as a fork of Bitcoin. The Z9 Mini is a Zcash miner using the Equihash mining algorithm. Zclassic is a fork of Zcash, an implementation of the Zerocash whitepaper. Zcash (ZEC) surges as Zcash foundation approves grant for ProgPOW (ASIC resistant algo)Additionally, Bitcoin Gold plans to introduce a hard fork designed to maintain ASIC resistance once Bitmain starts to ship Equihash miners. " We chose the PoW (“Proof of Work”) algorithm Equihash for the launch of BTG – an algorithm that Zcash first worked to develop and implement – because it was designed with the express intent of achieving a high degree of ASIC-resistance. Like Vertcoin, the Bgold community therefore plans to re-deploy a new proof-of-work algorithm hard fork if it is found out that ASIC-chips for Equihash are being Zcash Fights ASIC Miners Developers of Zcash have stated that the struggle against ASIC-supported mining is a priority. Also, the Bitcoin Gold Fork has already happened (October 24, . Hey guys, was wondering how you guys feel about the ASIC Equihash miners, from a couple companies do you feel they're here to say or do you think that zcash, etc. 10. The Antminer Z9 comes exactly one month after the release of the ethereum -based ASIC-Miner. According to the official announcement , the first devices arrive in June. However, the algorithm allows for quick verification. This matches up with the amount that seemed to drop off from Monero post-fork, and also matches up with the amount that remained on the Monero Original chain post-fork. If ASIC can't change N,K dynamically, we'll do the same as BTCP and other coins, which will create a big community for that fork. Sell or Buy computing power (hashing power) in the form of Cloud Mining for the purpose of Bitcoin, Ethereum, Monero, Dash, Zcash, Litecoin and other (altcoins) cryptocurrency creation and transaction confirmation. This will occur in the form of a hard fork in late 2020. This includes, most notably, Zcash. However, ZCash is taking the opposite approach. Zcash’s efforts in investigating ASIC resistance have been renewed, thanks to the announcement of an upcoming ASIC from Bitmain. Antminer Z9 Mini - A New ASIC miner for Equihash algorithm. Also, this seems to contradict itself. During the last quarter of 2017, Horizen rose in value by over 800%. Including engineering design costs, tooling, IP, firmware, etc, a 14nm ASIC costs a minimum of $5 million to develop, but more realistically $6–8 million. Bitcoin Private is a merge fork of Bitcoin and Zclassic. Equihash is used by the popular coin Zcash. The Future of Zcash Looks Intriguing. The battle of hardware vs. This Bitcoin fork was created specifically to avoid the impact The release of Bitmain’s E3 Ethereum ASIC has caused many in the community to voice outrage. To put the fork into perspective, it will effectively “brick” Bitmain and Innosilicon ASIC mining. all fork. reddit. That is why ASIC out in the open is the best case out of several bad options. On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC) miner capable of mining on Equihash-secured networks. class-action lawsuit? may 26, 2018 2 0. The ASIC resistance question has taken on new urgency now that Bitmain has announced the availability of the AntMiner Z9 mini, an Equihash-focused ASIC that seems tailor-made for Zcash, shipping in late June. How could Ethereum, a supposedly ASIC-resistant algorithm, fall prey to such hardware? On April 6th, 2018, the core Ethereum developers held a meeting discussing whether it is necessary to hard fork Ethereum. Question #2: The Zcash community wishes to preserve ASIC resistance, discouraging the use of ASIC mining equipment in favor of GPU mining equipment. share 0 tweet 0 +1 0. Other than Zcash, it may not even be worth buying such an ASIC miner, although that decision should be made by users individually. Zooko the CEO of Zcash earns approximately $340,000 dollars a year from the Zcash block reward tax. Links: Zcash is not the only crypto currency that has its community split on the ASIC issue. This miner is around 6x more cost effective than than mining Equihash with a GPU, so the implications of this ASIC are significant. Bitmain recently made waves with its announcement of its new 7nm BM 1391 ASIC for Bitcoin SHA-256 mining. Reviews: 5Siacoin Rejects Bitmain and Innosilicon ASICs Through https://nulltx. They’ve been regularly putting out several other algorithm ASICs, and the first of several we are reviewing at Bitsonline is the Antminer Z9 Mini. The Bitcoin Gold Hard Fork Explained (Coming October 25) Bitcoin Gold will alter Bitcoin’s proof-of-work algorithm from SHA-256, which is currently dominated mostly by Chinese ASIC miners, to the Equihash algorithm. The only thing hotter than the GPUs securing the Zcash network is the debate surrounding ASIC resistance. The battle lines have been drawn: GPUs vs. Get Zcash price, charts, and other cryptocurrency info Monero, a leading privacy-centric cryptocurrency, has undergone a hard fork in recent days – producing a new Monero chain in addition to the now renamed ‘Monero Classic’. Another complicating factor is that the Zcash Company’s chief, Zooko, has signalled ambivalence about ASIC resistance. On the 3rd May 2018, Bitmain released an ASIC miner for Equihash-based coins such as ZCash, ZClassic, ZenCash and Bitcoin Gold. The Foundation believes it's important to maintain the power of GPUs in Zcash mining. Yes, there are counterarguments. ZCash is Waiting for Its Hard Fork. ASIC (application-specific integrated circuit) is a special kind of chip in mining hardware that is used to mine Bitcoin and other cryptocurrencies. Add Your App! BTX has a Desktop Wallet availabe for Windows,Linux, OSX. You make new hardware to mine Equihash but this time you keep it private. According to the team, the hard fork will solve two pressing matters: the never-ending threat of ASIC miners flooding the network and the outdated security of the blockchain, especially now after 51% attacks have overwhelmed other blockchain system such as ZCash and Verge. Bower invalid-meta The "main" field cannot contain minified files. But that is set to change. Featuring GPU miners, ASIC miners, representatives from ASIC brands Bitmain, Innosilicon and Obelisk, as properly as the Zcash Business and the Zcash Foundation, the workshop resolved to commit to a timeline for the concern. 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. In anticipation of the hard fork, the main cryptocurrency that is Litecoin has already risen by around 20% in the recent past. As such, one needs to invest in ZCash with caution at this point. The Zcash Foundation has announced that it will make maintaining ASIC resistance an “immediate technical priority” in response to Chinese mining hardware manufacturer Bitmain’s claim that is has developed an application-specific integrated circuit (ASIC) miner that is compatible with the Equihash mining algorithm. Zcash - Frequently Asked QuestionsImportant news for Zcash investors and users was revealed on Wednesday morning on Twitter. Similar to Siacoin, it appears Zcash may have its own 'native' ASIC equipment in a few May 8, 2018 …But We Are Committing to Funding an ASIC-Resistant Path. Created from a fork of Bitcoin's codebase, Zcash promises all the best features and stability of Bitcoin with the added bonus of total payment confidentiality. However Zcash is still on discussion and Komodo on the other hand has decided to remain ASIC friendly. Mining hardware manufacturer giant Bitmain has announced that it had developed the first Application Specific Integrated Circuit (ASIC) miner that supports mining on Equihash-secured networks, which is used by the privacy coin Zcash and some of its forks. Zcash (ZEC), the new digital currency lauded for its privacy features, is launching today amidst some massive hype. Zcash has been smashed with the rest of the altcoins this year dumping 90% from its all-time high of just under $900 in January. www. The discussion brought arguments for and against a hard fork for this reason. This Bitcoin fork was created specifically to avoid the impact of ASICs on the Bitcoin chain. Unlike the Bitcoin Cash hard fork which still uses the same SHA-256 algorithm, Bitcoin Gold aims to move to Equihash, an ASIC resistance algorithm highly optimized for GPU mining. Bitmain Released a New ASIC-Miner for Mining Zcash lena_leonova 04. The upgrade comes as an answer to two pressing issues – the threat of ASIC miners for the Equihash space and the spate of 51% attacks that have plagued Bitcoin Gold, Verge, and ZCash of late. Zooko Wilcox, founder of Zcash , hasn't publicly stated if the altcoin will take measures to prevent ASIC miners. “ASIC mining acceptance would mean that every single miner that has supported the zcash network will be displaced and forced to either switch coins or invest in new hardware. Unlike other hard forks targeted at ASIC monopoly, Sia’s goal isn’t to prohibit ASIC mining. ASIC miners are made exclusively for Ethereum, so their owners would have to put up with it. ASIC development requires a substantial amount of up-front investment. Several days prior, developer Piper Merriam advocated that Ethereum conduct a hard fork in order to “demonstrate a willingness” to resist “ASIC-based Ethereum mining. Zcash anti asic fork? I think that if zcash gives up andti-asic fork, it will fall to a coin of two or three dollars like Komodo. decentralized GPU mining (ASIC miners are banned, hardforks to prevent ASIC miners are allowed) Here’s why Zcash chose to use Equihash mining, back in 2016: "Equihash is a memory-oriented Proof-of-Work, which means how much mining you can do is mostly determined by how much RAM you have. This means it maintains its own blockchain and currency token. The Zcash governance panel conducted a poll with seven questions later on the other day, and among the question was if indeed they should concentrate on ASIC resistance. Currently ZCash, which uses the Equihash algorithm is not minable using ASIC chips, but it is not certain if that is because it is not possible, or because the ASIC manufacturers haven’t found it to be profitable. 1 day ago . The latter is expected to bring in radical changes and will take place in October. Shaping the future of a cryptocurrency is not an easy process. Equihash is a memory-hard Proof-of-Work introduced by the University of Luxembourg's Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium. 10000 Sol/s @ 300 Watts, is it legit or scam? With the release of this Equihash ASIC will coins like Zcash, Bitcoin Gold, Bitcoin Private and Komodo hard fork? Recently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. ASIC chips are custom… Recently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. In the same round of elections, the community confirmed they wouldn’t mind a change to the Zcash proof-of-work algorithm. Use private keys at brainwallet. — That is our goal. Bitmain announced an Application Specific Integrated Circuit (ASIC) miner capable of mining Zcash. Coins like Bitcoin Gold, Bitcoin Private, Bitcoin Z and Zel Cash have announced that they will fork to eliminate ASICs from their network. ASICs. Mining hardware manufacturer giant Bitmain has announced that it had developed the first Application Specific Integrated Circuit (ASIC) miner that supports mining on Equihash-secured networks, which is used by the privacy coin Zcash and some of its forks. During the last quarter of …Status of Hard Fork announcements from all Equihash algorithm coins concerning Bitmain’s Antminer Z9 Mini ASIC miner. Equihash is mostly mined by graphics cards (GPUs). This is a difficult question to answer, especially since it does not have any timeline associated with it. If not, we'll find another algorithm which is ASIC resistance in a long time. Zcash mining windows gui - Matériel minier bitcoin asic acheter . The Bitcoin Gold upgrade is the panacea to two ills – the threat of ASIC miners for the Equihash space and the spate of 51% attacks that have troubled Bitcoin Gold, Verge, and ZCash of late. The ZenCash (ZEN) hard fork is finally going to be here (on June 26) that will mark a software update in order to fight ASIC and centralization. Introducing the AM200 Ethereum Miner. Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Hash Wars | Bitcoin Cash BCH | ABC vs SV Explained | Hard Fork  The Zcash Foundation's official statement on ASIC resistance : zec www. will zcash fork asicJun 30, 2018 In response to this, the Zcash foundation stated that it would make ASIC the Zcash network experienced its first hard fork, Overwinter, earlier Aug 14, 2018 I've been reading this forum and other sources about ZCash and coudn't find a DEFINITIVE answer to the question: Will ZCash fork to be ASIC Jun 28, 2018 Members of the zcash community have voted not to prioritize research efforts that would seek to alter the software's rules so as to prevent Jun 19, 2018 A study by Forklog has found that ASIC mining rigs are consuming a considerable amount of the Zcash ecosystem. Bitmain recently made waves with its announcement of its new 7nm BM 1391 ASIC for Bitcoin SHA-256 mining. Designing ASIC resistant proof-of-work blockchains, and particularly hard-forking to achieve such ASIC-resistance is a contentious new issue in the cryptocurrency space. The Ethereum community is also considering an action against Bitmain’s hardware. Creighton used the same code as Zcash, with a lack of a founders fee required to mine a valid block. Update: Information added about ASIC resistance in Zcash. Zclassic is a fork of Zcash without slow start and 20% founder But the ZMater has taken over as the fastest ASIC at 50,000 sols/sec, and with a fraction of the power that 5 Z9s would consume to match this performance. Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to stand against ASIC mining. CryptoCurrency Interest Channel. Tutorial and News Videos focusing on different Crypto Currencies: ZCash, Ethereum, ETC, Monero, Steem, LBRY, Bitcoin and mor In the same round of elections, the community confirmed they wouldn’t mind a change to the Zcash proof-of-work algorithm. While these machines provide plenty of …May 03, 2018 · Just hours before Bitmain announced that it was releasing a Zcash ASIC miner, Zcash co-founder Zooko Wilcox wrote in a forum post that, knowing ASIC-resistance cannot be maintained forever, he has On the 3rd May 2018, Bitmain released an ASIC miner for Equihash-based coins such as ZCash, ZClassic, ZenCash and Bitcoin Gold. You may have seen ZCash, known to miners and exchanges as ZEC, while looking through the list of mineable coins on MinerGate. Jun 30, 2018 In response to this, the Zcash foundation stated that it would make ASIC the Zcash network experienced its first hard fork, Overwinter, earlier Aug 14, 2018 I've been reading this forum and other sources about ZCash and coudn't find a DEFINITIVE answer to the question: Will ZCash fork to be ASIC Jun 28, 2018 Members of the zcash community have voted not to prioritize research efforts that would seek to alter the software's rules so as to prevent Jul 3, 2018 Owing to it, the Zcash foundation declared that the network becoming one which is ASIC resistant should be a technical priority. For ZCash, then, a certain level of defense is due to its Equihash dominance. Zooko Wilcox, founder of Zcash , hasn't publicly stated if the altcoin will take measures to prevent ASIC miners. pared to current Zcash. One possible interpretation of this graph is that the total Bitmain ASIC hashrate is around 500 Megahash/sec. But the ZMater has taken over as the fastest ASIC at 50,000 sols/sec, and with a fraction of the power that 5 Z9s would consume to match this performance. However, now that Equihash ASIC miners are set to hit the market the Zcash community must grapple with whether to make its peace with this development or adopt a hard fork to render the Z9 mini incompatible with the cryptocurrency’s network. 29. 2018 The world giant and the most demanded manufacturer of mining equipment Bitmain presented its new product for the mining of Zcash cryptocurrency, called Antminer Z9 mini, which works on the algorithm of Equihash. It is possible that Zcash too may have to go through a similar fork - or change their algorithm to remain ASIC resistant. Ethereum [ETH] – Ethereum is currently the most ambitious blockchain project. Ethereum too has been considering a similar move to circumvent the Ethereum ASIC Miner created by Bitmain. Besides noticeable improvement in performance, the fork will feature protection for future forks and versioning. ” As such, many miners are threatening to take their hardware elsewhere or else create alternate versions of the cryptocurrencies they’re already mining, something they can freely do by cloning the codebase. A hard fork is seemingly underway for the Bitcoin Gold network as announced in an official update dated June 4 th. Status of Hard Fork announcements from all Equihash algorithm coins concerning Bitmain’s Antminer Z9 Mini ASIC miner. Reportedly, the Overwinter fork is a precursor for the impending Sapling hard fork on the Zcash source code. The upgrade comes as an answer to two pressing issues – the threat of ASIC miners for the Equihash space and the spate of 51% attacks that have plagued Bitcoin Gold, Verge, and ZCash of late. In addition, in comments to the official tweet, the company zcash for many investors, Bitcoin and Gold say about the need for forks to avoid centralization of mining in these networks. whats the relationship between t-address, As a codebase fork of Bitcoin, Zcash works fairly similarly to Bitcoin. The new Antminer Z9 mini will change the Equihash landscape unless some ASIC resistance is implemented via a hard fork similar to that of Monero. The most recent protocol upgrade to the ZEC protocol was a hard fork the Zcash foundation announced an initiative towards researching ASIC resistance on the chain and the Zcash company The privacy-centric cryptocurrency Monero has had another hard fork, and the new updated version is designed to prevent Application-Specific Integrated Circuit (ASIC) mining and to increase privacy. If the transition goes on smoothly, then Zcash (ZEC) users should be ready for better and better upgrades in future. Zcash builds on the existing work from the Bitcoin core team to enable privacy preserving transaction data using zero-knowledge proofs. advanced mode. Ultimately, he now believes that the ASIC will continue, simply because the economy of beating the competition in the mining encryption is so favorable to those who do it. Zcash is a privacy coin that leverages zero-knowledge proofs to enable anonymous transactions. 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Think what you will, as an early ZCash advocate and supporter, here is my take on it. com/siacoin-rejects-bitmain-and-innosilicon-asicsIntroducing a hard fork appears to be the only course of action to be taken at this time. On April 1st, Ethereum co-founder, Vitalik Buterin, proposed the introduction of a hard fork on the supply of ETH tokens at approximately 120 million. Zcash is a code fork of the bitcoin protocol and maintains its own blockchain and currency token. Mining in a pool is While the ZCash guys are explaining what they wanted their coin to be an year ago, but had no courage to tell us, the Bitcoin Gold founder Martin Kuvandzhiev has confirmed that he will hard fork the coin once the ASIC miners are out. Aside from options for the two algorithms the miner also comes with an additional option to set personalization string (8 characters) for equihash algorithms that may require this. False, they can build all the ASIC they want, if Monero holds true to their word (and they actually have), they will continue to fork regularly to keep them out. ” The back and forth As such, many miners are threatening to take their hardware elsewhere or else create alternate versions of the cryptocurrencies they’re already Zcash has decided to remain an ASIC mineable crypto, so the Bitmain Antminer Z9 and Innosilicon A9 will make GPU mining of Zcash/ZEC obsolete. Zcash has already stated, they do not plan on forking and will continue using Equihash, despite the clear signs of ASIC’s already being put into action. Re-fork happened on June 27 in order to reduce network difficulty. This failure is not an issue with GPU mining, but even if it was, you could always sell your cards to gamers. ASIC Resistance: Will Ethereum Join Monero Against the Mining Giant? Subsequent to Monero hard fork Ethereum may abandon PoW to send ASIC miners to the penalty bench. May 04, 2018 -- ADVFN Crypto NewsWire -- The company that’s known for effectively, single-handedly causing the Monero fork as well as the development of ASIC resistance, is now threatening ZCash Bitcoin Gold will alter Bitcoin’s proof-of-work algorithm from SHA-256, which is currently dominated mostly by Chinese ASIC miners, to the Equihash algorithm. Full ASIC-resistance, however, is thought to be impossible: Any mining algorithm could be subject to specialized chips. The post Monero Hard Fork To Deter ASIC Mining and Increase However, now that Equihash ASIC miners are set to hit the market the Zcash community must grapple with whether to make its peace with this development or adopt a hard fork to render the Z9 mini incompatible with the cryptocurrency’s network. Thereafter, like . Under this proposal (in its revised form), the team will integrate ProgPoW with Zcash, in the sense of releasing a proof-of-concept fork of the Zcash node software that uses ProgPoW instead of Equihash, as well as compatible open-source mining software and operating testnet. ZCash is already doing significantly better when compared to the previous performance this coin had during the latest market crash, also …Zcash is not the only crypto currency that has its community split on the ASIC issue. The event was an outlook on how ZCash works and Zero-Knowledge Protocol. Jun 28, 2018 Zcash has decided to remain an ASIC mineable crypto, so the Bitmain Antmi Z9 and Innosilicon A9 will make GPU mining of Zcash/ZEC obsolete. A hard fork is seemingly underway for the Bitcoin Gold network as announced in an official update dated June 4 th. Features: Bitcoin technology; Anonymous transactions (zk-SNARKs privacy) - Bitcoin has all transactions publicly available. Could even go POS in the future. But until enough tokens become available on exchanges, Zcash enthusiasts are Equihash-BTG New ASIC resistant PoW mining theory Is bitcoin-gold more ASIC-resistant than Litecoin Bitcoin Gold hashrate down over 90% after anti-ASIC fork finder What is Bitcoin Gold? The opinions on ASIC resistance are becoming more polar. A proposal to adopt a hard fork to maintain ASIC resistance is quickly building support among Ethereum users in response to reports that the first Ethash ASIC miners are already in production. Earlier this year, Ethereum developer Piper Merriam opened an Ethereum Improvement Proposal (EIP) suggesting the idea of a possible Ethereum hard fork to invalidate ASIC miners, which are regarded as highly centralizing. The Zcash Foundation has come out against a proposal to alter the mining reward system in order to finance new development projects. Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. Delivering 230Mh/s at 1350W, the best Ethereum Mining efficiency of any system on the market. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets), used to mine Bitcoin. Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to stand against ASIC mining. Additionally, Bitcoin Gold plans to introduce a hard fork designed to maintain ASIC resistance once Bitmain starts to ship Equihash miners. The AM200 Ethereum Miner has been in development for a number of months with the goal of delivering a high quality solution suitable for almost any environment. The official Equihash algorithm (equihash 200,9) as used by ZCash (ZEC) may have moved in the domain of ASIC miners, but that does not mean that a modified version of algorithm cannot be still used by other coins and be GPU mined. Zcash builds on the existing work from the Bitcoin core team to enable privacy preserving transaction data using zero-knowledge proofs . Concretely, Bitcoin Gold is now implementing the Equihash proof-of-work algorithm. Zcash uses Equihash memory-hard Proof-of-Work algorithm. There are rumors of Bitmain having created ASIC miners for ZCash, but there is no substantial proof of it yet. Jun 19, 2018 The development team for Siacoin has also expressed their disdain for Bitmain, although they decided not to become ASIC resistant as they felt it was ideologically opposed to their beliefs. Advanced privacy is the main major improvement. On the 3rd May 2018, Bitmain released an ASIC miner for Equihash-based coins such as ZCash, ZClassic, ZenCash and Bitcoin Gold. ZEC Market Reaction. Home Bitcoin Zcash Governance Panel Votes Against Prioritizing ASIC Resistance As a result, Ethereum developer Piper Merrium has opened EIP (Ethereum Improvement Proposal) #958, which will ask the community for their input on whether the blockchain should “fork” and how they might be able to implement improved resistance for ASIC. Zcash is based on Equihash, which is the Proof-of-Work (PoW) mining algorithm. Its main focus is on privacy and anonymity of transactions. In theory, the concept of ASIC mining may fail in no time. The fork was initiated to protect Monero against mining centralization, as Bitmain had developed ASIC units purpose-built for mining XMR tokens. ZCash is already doing significantly better when compared to the previous performance this coin had during the latest market crash, also …In the case of Zcash, there has been a recent community voting process which displayed some interesting results. The memory required to mine Zcash is more than what most cryptocurrencies require. Either stay the ASIC resistant coin we all bought into or tuck their tails and This is the equivalent of putting on sun screen after you're already If ZEC chooses to fork, I as a GPU miner, will continue mining the coin we built. This announcement came in response to Bitmain, a Chinese Mining Hardware Manufacturer’s, claim that it has developed an ASIC miner, which is strongly compatible with the Equihash Mining Algorithm. The CEO of Zerocoin Electric Coin Companythat developed Zcash, Mr. What is the future of Zcash a privacy oriented cryptocurrency, inspired by Bitcoin. 83% price hike over the past rolling 7 trading days. The privacy-centric cryptocurrency Monero has had another hard fork, and the new updated version is designed to prevent Application-Specific Integrated Circuit (ASIC) mining and to increase privacy. An application-specific integrated circuit (ASIC) is a piece of computer hardware that is designed for one particular use. Crypto News ZCash 1080 ti 4atlanin amd ethereum ethereum 2. Vorick characterized the fork as a success for the Sia community. Zcash’s efforts in investigating ASIC resistance have been renewed, thanks to the announcement of an upcoming ASIC from Bitmain. ASIC Mining An ASIC is an application specific integrated circuit. In a vote led by the Zcash Foundation, the Zcash community voted against prioritizing ASIC resistance in the protocol. In each community; while such hot discussion is going on, there comes another competitor for Bitmain. May 5, 2018Jun 28, 2018The ASIC resistance question has taken on new urgency now that Bitmain has announced the availability of the AntMiner Z9 mini, an Equihash-focused ASIC that seems tailor-made for Zcash, shipping in late June. 10000 Sol/s @ 300 Watts, is it legit or scam? With the release of this Equihash ASIC will coins like Zcash, Bitcoin Gold, Bitcoin Private and Komodo hard fork? A proposal to adopt a hard fork to maintain ASIC resistance is quickly building support among Ethereum users in response to reports that the first Ethash ASIC miners are already in production. Monero is the leading privacy-centric cryptocurrency, and has a market cap that is four times bigger than ZCash. Members of the ZCash Foundation, consisting of 64 elected users, has won a vote against the prioritization of application-specific integrated circuit (ASIC) resistance in the ZCash protocol. The data shown above is a combined result for ZCash, Bitcoin Gold (until the fork), ZClassic, and Horizen (formerly Zen). 2. ZCASH FORK IN TO 2 CHAINS? BITMAIN ANTMINER Z9 MINI ASIC Zcash uses Equihash memory-hard Proof-of-Work algorithm. The Foundation should commit to a plan for migrating the Zcash protocol to a new proof of work algorithm with a hard-fork planned between September 30, 2020 and December 31, 2020, with the following tasks: 1) Selecting a thermodynamically efficient (not ASIC-resistant!), currently unused proof-of-work algorithm 2) Hosting and building an open Zcash Foundation Chairman @socrates1024: "We are explicitly putting in development effort now to make a fork viable in the near future regardless of what decision we come to as a result of investigating. Bitcoin Gold Hard Fork At Block 536,200 Bitcoin Gold was founded with the decentralization of mining in mind, adopting algorithms Bitcoin Gold, one of the most prominent Bitcoin forked cryptocurrencies, has just migrated to a new mining algorithm, aiding in ASIC resistance attempts. Considerazioni finali: Ricordo che il team Zcash non è composto solo da Wilcox-O’Hearn(Zooko) ma da molte altre persone e che, la decisione se affrontare un fork per contrastare l’evento(per molti distruttivo) dell’ASIC, non è ancora stata presa. Even Bitcoin Gold has stated it will activate a hard fork to maintain ASIC resistance to Bitmain. ” The back and forth As such, many miners are threatening to take their hardware elsewhere or else create alternate versions of the cryptocurrencies they’re already The Zcash governance panel conducted a poll with seven questions later on the other day, and among the question was if indeed they should concentrate on ASIC resistance. 10000 Sol/s @ 300 Watts, is it legit or scam? With the release of this Equihash ASIC will coins like Zcash, Bitcoin Gold, Bitcoin Private and Komodo hard fork?Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable, because Bitmain has announced the production of the first Zcash ASIC minerAs such, one needs to invest in ZCash with caution at this point. Zcash is an open-source, new generation cryptocurrency which is basically a code fork of the Bitcoin, and shares quite a few similar features with it: each block produces 12. On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC…“ASIC mining acceptance would mean that every single miner that has supported the zcash network will be displaced and forced to either switch coins or invest in new hardware. High profitability Zcash ZEC mining pool with VERY LOW FEE! An Ethereum developer is supporting an ASIC-resistant mining algorithm. Then other implication is that the other ASIC manufacturers could see a surge in demand for ZCash miners. str4d opened this issue in order to "change the Proof-of-Work in order to maintain our desired mining properties and goals", mainly ASIC-resistance. Similar to Siacoin, it appears Zcash may have its own 'native' ASIC equipment in a few May 8, 2018 TL;DR: The Foundation is developing ASIC resistance as an option to adapt to new parameters, then such a fork would be a waste of effort. ZCash (ZEC) Date: June 26, 2018 (height 347,500) Update 0, or “Overwinter,” was implemented in the ZCash network as scheduled. Developers of Zcash have stated that the struggle against ASIC-supported mining is a priority. It was founded by Zooko Wilcox-O'Hearn. After Bitcoin Cash (Bcash) forked from the Bitcoin blockchain to create a new cryptocurrency (BCH), and ahead of the SegWit2X fork that may do the same thing, a third Bitcoin fork is in the making: Bitcoin Gold (Bgold; BTG). Main Purpose – Bitcoin Hush is a four-way bitcoin fork that allows you to take value from four different blockchains including Hush, Supernet, Dex, and BTC. The release of Bitmain’s E3 Ethereum ASIC has caused many in the community to voice outrage. It is a fork of ZCash with similarities to Bitcoin, basically the two combined. 1 is intended for Nvidia GPU mining rigs and is intended for mining of coins that fork from the original Equihash 200,9 algorithm like BTG and BTCZ for example. This is already used by Zcash and is relatively ASIC-resistant. The debates about mining the ZCash network have heated up over the past few months. A new proof-of-work algorithm will be introduced, and there is no real desire to remain ASIC-resistant. This move by Bitmain could reignite the fork debate, making it a high probability. An analysis of Zcash's use of the Equihash proof-of-work scheme. This will keep our blockchain ASIC-resistant and add an immediate measure of safety from 51% attacks. Huge Bonus: This ASIC only uses 300 watts of power, which is so low, it'll could still be profitable a LONNNNNNNNNNNNNNG time against electricity use - even if it's no longer the newest model. May 09, 2018 · There's nearly a dozen coins that use equihash, and zcash, the biggest already said they won't fork over the ASIC introduction. In May, Chinese hardware manufacturer Bitmain released the first ASIC miner for Zcash. All of these changes create some major competition in crypto mining, especially since it follows the decision from the Zcash community to not become ASIC-resistant for mining efforts for now. Moreover, ASIC is generally more advanced and more powerful than CPU, GPU, and FPGAs, and it has a significant edge over other devices in the mining race. Finally, Hyperspace is “an adversarial fork that wishes to replace Nebulous,” Vorick said, although they “have not written any storage platform code themselves. by Solar Designer November 18, 2016 Introduction. ZCash can also be mined, and until recently it was possible to mine ZCash at home with nothing more than the CPU or GPU in your personal computer or laptop. So far, at least one Equihash coin — Bitcoin Gold — has stated that it will activate a hard fork to maintain ASIC resistance once Bitmain begins shipping its Equihash ASIC miners. zcash fork in to 2 chains? bitmain antminer z9 mini asic! zcash class-action lawsuit?Bitmain launches their Antminer Z9 Mini Zcash mining ASIC 2018 has been a year which has been dominated by cryptocurrency mining ASICs, allowing cryptocurrencies to be mined with workload-specific hardware despite being designed with ASIC resistance in mind. ZCash is already doing significantly better when compared to the previous performance this coin had during the latest market crash, also …Recently the Zcash Foundation announced a plan to prioritize ASIC-resistance research. comRecently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. Developer Piper Merriam posted an Ethereum improvement proposal (EIP) as soon as rumours of the new Bitmain miner broke to discuss the potential of a hard fork to make Ethereum ASIC resistant. The fork perspectives are also questionable. Since most pools and miners are based on Stratum mining support you should be able to use them on almost all mining pools with support for ZEC. Huge Bonus: This ASIC only uses 300 watts of power, which is so low, it'll could still be profitable a LONNNNNNNNNNNNNNG time against electricity use - even if it's no longer the newest model. But the ZMater has taken over as the fastest ASIC at 50,000 sols/sec, and with a fraction of the power that 5 Z9s would consume to match this performance. com provides an interesting perspective on the fork, as it was recently acquired by Bitmain, a Beijing-based bitcoin miner, designer of ASIC chips, and operator of one of the largest Bitcoin mining pools. - ZenCash is a fork coin of Zclassic. ZCash will hard fork on 26th of June. In each community; while such hot As such, one needs to invest in ZCash with caution at this point. The main reason and motivation for the fork is that Bitcoin Gold’s developers want to prevent the blockchain from a 51 percent attack in the future as while as ASIC miners from dominating the blockchain. At the same time, Bitcoin Gold developers stated they will execute a hard fork when the Equihash ASIC miners start shipping. BTC. The hard fork is set to take place as a solution for two pressing problems: the never-ending threat of ASIC miners flooding the network and the outdated security of the blockchain especially now after 51% attacks have overwhelmed other blockchain system such as ZCash and Verge, as …Zcash initially started as a Bitcoin fork, originally called the Zerocash Protocol. May 03, 2018 · Just hours before Bitmain announced that it was releasing a Zcash ASIC miner, Zcash co-founder Zooko Wilcox wrote in a forum post that, knowing ASIC-resistance cannot be maintained forever, he has Bitmain launches their Antminer Z9 Mini Zcash mining ASIC Bitcoin Gold, an Equihash-based cryptocurrency plans to implement a hard fork to maintain ASIC resistanceZcash has never had a hard fork since it was launched. A range of device capabilities and electricity rates are considered. Around the globe the smallest price increment in Forex investing. A small 4 THS SHA256 ASIC miner that uses 1 KW of power, so not very efficient, but it comes cheap at just $345 USD. You don’t need to look further than the most-debated Zcash Forum thread of all time from February, or the debates that routinely pop up in the community chat. Bitcoin Z calls itself Bitcoin 2. According to the ZCash team, the hard fork will bring greater transparency, safer transactions with replay transactions and will reduce risks of downloading apps on zk-SNARK technology. Bitmain has unveiled their Antminer Z9 Equihash ASIC miner and now essentially every equihash cryptocurrency project has released their plans on whether they will hardfork to invalidate the new As such, one needs to invest in ZCash with caution at this point. In the world of cryptocurrency, ASIC miners have been considered to be both a blessing and a curse. I would recommend ZCash or another altcoin as they have more profitability than Bitcoin (usually). Zcash initially started as a Bitcoin fork, originally called the Zerocash Protocol. zcash fork in to 2 chains? bitmain antminer z9 mini asic! zec co. Consequently, programmers or developers started taking interest in this project. com/zcash-foundation-to-make-asic-resistance-immediate-technical-priority/amp/ Martin Kuvandzhiev, operations lead of Bitcoin Gold, which uses the same mining algorithm as Zcash, has stated that an upcoming hard fork has been scheduled to ensure that the currency manages to stand against ASIC mining. Hence, it shares some commonality with Bitcoin in that it is also a Proof-of-Work coin and has the same total mineable supply of 21m coins. Ethereum Community Propose a Hard Fork for ASIC Resistance. Now Zcash, Zencash, BitcoinGold, etc. We also supply you with your first Bitcoin ASIC-resistant algorithms have been considered and implemented by a number of other blockchains, including Zcash (considered, ultimately rejected) and Monero (implemented) as a way to reduce centralization of mining pools. Zcash foundation will be investing time, money and resources on reasearching an ASIC friendly enviroment (with or without limitations), potential fork end of 2020. The Zcash Foundation has recently announced its efforts in maintaining ASIC (Application-Specific Integrated Circuit) resistance, which is considered an immediate technical priority to pay attention to. The governance panel consisted of 64 elected individuals from the Zcash community. Profitability is based on instantaneous exchange to USD. The event was an outlook on how ZCash works and Zero-Knowledge Protocol. The proposed Zcash Ecosystem Fund (ZEF) would redirect funds that are currently dispensed to Zcash stakeholders. However Zcash is still on discussion and Komodo on the other hand has decided to remain ASIC friendly. 05. He has, however, said that he is brushing up on "the current state of cryptocurrency mining. Even from the purely fundamental perspective, this is top-notch team of developers - not a simple Bitcoin fork. There have been talks that the mining hardware developer Bitmain is planning to release the ASIC, specifically dedicated to mining Ethereum, in the second quarter of 2018. Designing ASIC resistant proof-of-work blockchains, and particularly hard-forking to achieve such ASIC-resistance is a contentious new issue in the cryptocurrency space. Status of Hard Fork announcements from all Equihash algorithm coins concerning Bitmain’s Antminer Z9 Mini ASIC miner. The Z9 Mini is a Zcash …What is the future of Zcash a privacy oriented cryptocurrency, inspired by Bitcoin. ZCash (ZEC) was released as a Fork of Bitcoin in 2016. By going ahead with the hard fork, only Obelisk miners manufactured by Sia’s parent company Nebulous will be able to mine Siacoin on the blockchain. 0 ethereum pos майнинг Ethereum пос nvidia nvidia rtx zcash zcash asic resistant zcash fork Zcash ProgPOW Zcash асик резист zcash новости zcash прогноз ZEC zec новости zec прогноз криптовалюта криптовалюта 2018 Zcash is a code fork of the bitcoin protocol and maintains its own blockchain and currency token. We couldn’t find logical explanation for a bump in the Created from a fork of Bitcoin's codebase, Zcash promises all the best features and stability of Bitcoin with the added bonus of total payment confidentiality. During the last quarter of …On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC) miner capable of mining on Equihash-secured networks. In that scenario, the "group" consists of those miners who are using old PoW-specific ASICs. Crypto News ZCash coinbase zcash cryptocurrency hodl zec privacy coins WHAT IS ZCASH zcash zcash asic zcash coin zcash edward snowden zcash explained zcash fork zcash foundation Zcash Mining zcash price prediction zcash review zcash review 2018 zcash snowden zcash vs monero zcash wallet zcash zec zcash zk snark ZEC zec coin zec crypto ZEC The zcash for members of the community voted against the allocation of resources to develop a solution that would make the network invulnerable to zcash for mining with ASIC-s. Several In the same round of elections, the community confirmed they wouldn’t mind a change to the Zcash proof-of-work algorithm. It is a proof-of-work coin that also has a maximum supply cap of 21m ZEC. ZCash was started as a fork of Bitcoin in October of 2016 and was originally called "Zerocoin". Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable, because Bitmain has announced the production of the first Zcash ASIC miner Equihash, the Proof-of-Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable, because Bitmain has announced the production of the first Zcash ASIC miner Bitmain has unveiled their Antminer Z9 Equihash ASIC miner and now essentially every equihash cryptocurrency project has released their plans on whether they will hardfork to invalidate the new Antminer Z9 Mini - A New ASIC miner for Equihash algorithm. Bitcoin Gold (BTG), another Equihash cryptocurrency, has also revealed plans to activate a hard fork in order to remain ASIC-resistant once the Equihash ASIC miners begin shipping. Dle nadace je zachování profitability těžby na grafických kartách novou „technickou prioritou“ vývojářů kryptoměny Zcash. In the ZCash camp this triggered the discussion about the centralization of mining. Equihash, which was first developed and used by Zcash, was designed from the outset to be an “ASIC-resistant” Proof of Work algorithm. Instead, the code will ensure only Obelisk ASICs – the units developed by the Sia team through the …For Zcash - a community based on widely distributed commodity hardware - specialized ASICs enable certain participants to gain a much greater chance of generating the next block and undermine the distributed security. On Wednesday, mining hardware manufacturer Bitmain revealed that it had developed the first Application Specific Integrated Circuit (ASIC) miner capable of mining on Equihash-secured networks. Equihash was lauded for its decentralized nature, but now that the Z9 ASIC Before Zcash, the company announced ASIC miners for another privacy coin, Monero. "advanced mode. Bitmain launches their Antminer Z9 Mini Zcash mining ASIC Bitcoin Gold, an Equihash-based cryptocurrency plans to implement a hard fork to maintain ASIC resistanceAll the efforts of Zcash development team are directed to the Hard Fork since it is the first one since the blockchain was launched. A good move from Monero. With Bitmain releasing ASICs for new cryptocurrency algorithms at an increasing rate, coins start considering, and making, anti-ASIC updates that keep GPU mining relevant. Bitcoin Gold Is About to Trial an ASIC-Resistant Bitcoin Fork 11