The Linzhi mining company perplexed by the decision of Ethereum to block ASIC


La compañía minera Linzhi perpleja before the decisión de Ethereum de bloquear ASIC

Tuesday, the miners producer from Shenzhen, linzhi he responded to the unilateral and "provisional" decision taken by the developers of Ethereum ASIC block, specialized hardware from securing the platform in exchange for prizes.

Linzhi was shocked by the move by clearly stating that he had refused "Arbitrary application of rules and request for clear and equivalent guidelines to be established for all hardware manufacturers".

ASIC block would involve the application of ProgPoW, a change of code that is optimized for the graphics card or the GPU hardware, in a next update. Linzhi has asked the developers of Ethereum to publish rules and requirements for what constitutes a good producer of ASP ProgPoW.

On the 4th this month, the developers held a meeting to discuss the changes that would be derived from the forks in Istanbul and Constantinople, where they also examined a proposal that aimed to update the hashing algorithm, the ProgPoW.

ProgPoW is seen as an alternative Proof-of-Work algorithm that would cover the efficiency gap between ASIC and GPU as it modifies the underlying mining algorithm of Ethereum.

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Linzhi is currently designing a chip called Ethash for the Ethereum mining algorithm. The company has spent about $ 4 million on Ethash production. Ethash seems to have a better advantage than previous Ethereum ASIC drawings.

Director of Operations Wolfgang Spraul further explained that the company will seek the feasibility of creating specialized ASIC hardware for ProgPoW, according to its statement;

"Today I can confirm publicly that we intend to study the feasibility and then build ASIC ProgPoW".

Ethash will be richer in memory and his code switch will make GPU hardware competitive with ASICs.

According to reports, Ethereum Classic suffered a 51% attack that led to the reorganization of over 100 blocks. For this reason, the crypto exchange Coinbase terminate all Ethereum Classic transactions, withdrawals and deposits.

Ethereum classic has announced that all the grants and mining pools will increase their confirmation of more than 400 blocks until the network is stable. The platform also claimed that the attack could come from Linzhi, but Spraul claimed that the accusation was "completely unfounded".

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