Ethereum [ETH], the second largest currency by market capitalization, took center stage as the long-awaited hard fork, Constantinople is bound to happen in the coming days. The community has been waiting for the update since 2017, with the fork proposing to delay the bomb of difficulty for 12 months and to reduce the emission of mining block premiums starting from 3 ETH.
The decision to reduce the issue of the reward caused a spark in the community, with many standing up for the update and others against it. However, the last decision taken by the core development team at Ethereum seems to be the city's new controversy.
During the recent Ethereum Core Devs meeting, the team discussed whether there would be ProgPoW – Programmatic implementation of the job test regardless of its time period. According to IfDefElse, ProgPow is an "Ethash GPU optimized extension that minimizes the efficiency gap available for fixed-function hardware".
The proposal came to light in 2018 due to the frustration of miners on the ASIC mining hardware on Ethereum. Based on previous discussions among developers, the implementation of ProgPow could probably be started in the next hard fork or as a standalone system update.
Martin Holst Swende, a security officer at the Ethereum Foundation, highlighted some of the reasons he wanted to implement it during the meeting. He said:
"We know for sure that there are basic miners so it is obviously profitable to produce and / or buy and use the ASIC miners, there is an E3 because I understand they are the first generation ASIC miners but there was an ASIC miner second generation, one from Bitmain of which I'm not sure if it was still released publicly and there are also some other companies that have produced some ASIC extraction activities for Ethereum. "
He went on to say that the other thing was the existence of FPGA-based GPU accelerations that can be used to make profits, sold by very few players on the market. In addition, Holst Swende said that ProgPow is more resilient ASIC and more resistant to accelerators like the FPGA-based GPU. He added:
"Yes, there is reason to believe that switching to ProgPow could postpone the level of ASIC on our network for at least a year probably much more than that.Yes, so today we know that ETHhash has some flaws that are targeted actively, which is why I would like to pass as soon as possible to give us more time to move the pole test ".
Furthermore, it was decided that the Foundation would proceed provisionally with ProgPow and would probably only press the pause button when a serious problem was detected during the test rounds.
Houlian, a YouTube user, said:
"[…] I do not see the use of the progpow right now when the current and the next generation do not have many advantages for the GPUs? (resale value + hash / power). Aside from your gpu miners will now have the hash at half their speed on progpow and you will have them consume more power accordingly (to compensate for the lost hash rate). In addition, the mining of Ethereum will now be exclusive to the Nvidia and Amd products. How does this work for mining / crypto decentralization? "
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