Home / Others / Analyzing whether Siacoin (SC) is able to overcome the manufacturers of ASIC extraction chip hardware

Analyzing whether Siacoin (SC) is able to overcome the manufacturers of ASIC extraction chip hardware

Can-Siacoin-Outrun ASIC-Manufacturers

Can Siacoin surpass the ASIC manufacturers?

Bitmain Jihan Wu is facing a backlash in the production of its industrial-grade chip platform that has had a negative impact on mining play. Recently, Siacoin, an online network for distributed storage, has announced that it will provide an update to the "brick Bitmain & # 39; s" protocol and Innosilicon hardware that are threatening to dominate both mining.

The release of ASIC of Siacoin will allow the mining industry to be dominated by several deep players was considered a "direct attack on the community", second David Vorick, a lead developer Sia.

Siacoin is not entirely hostile towards ASIC. A community-led effort has been able to raise several million dollars to finance the development of hazy, which is the parent company of Siacoin. And after a year of development, Obelisk SC1 was launched this summer.

Before the obelisk, Bitmain launched its own ASIC hardwareand Innosilicon arrived there later.

Regarding the release of Bitmain, Vorick he wrote,

"The first, Bitmain, has not announced their product until 10 days before shipping, effectively interrupting a multi-million dollar project from the community without warning and almost provoking a civil war".

As for the Bitamin ASIC, it led to a bitter fighting inside Siacoin and some even asked for a difficult gallows. This is not the first cryptographic platform for Bitmain's blacklist. This year, Monero's developers announced a tough crossroads after Bitmain announced its first ASIC CryptoNote device and expects future algorithm changes to prevent ASIC development. Many Ethereum developers are also discussing the problem.

ASIC they have also become a problem for the subchapter crypt. Although GPU mining is known to be a democratic but less professional hardware, it has weakened the network by up to 51% of the attacks. And several ASIC-resistant currencies, such as Bitcoin Gold and Verge, have suffered double-expense attacks.

Siacoin is not completely on the ASIC blacklist. According to Vorick,

"The monopoly of the ASIC producer is preferable to be a coin extracted from the GPU.We believe that embracing an ASIC monopoly is better than resisting ASIC altogether".

He added that securing a temporary monopoly against unethical ASIC producers,

"Obelisk miners have provided a clever trapdoor," bake2b is a circuit. "We've only added a miniscule extension to a smart place that you would not have just naively thought of adding that extension. . "

The extension allows the Obelisk machines to continue working after the rigid fork, and this gives Nebulous a three- or four-month advantage against the miners in the race. The Vorick has concluded

"As long as the new producer contributes to the health of the mining ecosystem Sia and avoids abusive practices, the seat of power will be approved with grace.And in case we need to build another manufacturer in the short term, Obelisk has prepared a chip that we can install and use to defend the network. "

Source link