As reported by the Bitinfocharts, Monero (XMR), the most appreciated cryptocurrency on the market, has recorded a significant decline in its hashrate. This fact made the Monero community show appreciation for the news and also made an enthusiastic XMR claiming that the famous privacy coin "won its first battle with ASICs."
The hashrer Monero (XMR) has declined, liking the community
This year in April Monero has forked Monero Original (XMO), Monero Classic (XMC) and Monero V (XMV) as a consequence community concerns about a possible centralization of Monero (XMR) turned on by the launch of Bitmain Antminer X3, specifically designed to excavate XMR.
Consequently, the founder of Monero, Riccardo Spagni, announced that he would do anything in his power to stop the proliferation of Antminer X3 devices. In addition, Bitmain has been accused of secretly secretly excavating XMR, being responsible for the hashrate Monero (XMR) at 60% in April of this year.
However, many of the cryptocurrency enthusiasts are sure that the Botnets were guilty of secret mining efforts and Bitmain and other crypto-mining equipment manufacturers would not be involved in such activities. Crypto mining botnets can raise millions of dollars for their operators by infecting more and more computers around the world.
Monero developers have implemented new algorithms to make XMR mines ASIC devices in a way
The Monero team has developed the so-called Anti-ASIC Hard Fork (AAHF) that has modified the blockchain mining algorithm, to force ASIC-based miners to excavate XMR ineffectively.
"The fork has not lowered the value of Monero, but ASIC chains are those that are going to zero because ASIC mining does not add value to a cryptocurrency, I have said many times that GPU miners have the upper hand over ASICs Because they can adapt to any new algorithm, ASICs have to start the development process, and if a currency forfeits enough, they will lose money and give up, "said a Monero enthusiast (XMR).