//How ASIC manufacturers betray you. See Monero, Sumokoin and other forks

How ASIC manufacturers betray you. See Monero, Sumokoin and other forks

Monero and Sumokoin (and others, I know these two) changed their mining algorithm slightly with the aim to nullify possible ASIC miners. There were huge amounts of nethash coming from unknown sources and the community agreed these should be ASICs silently mining. Since Monero and forks agreed with the anti ASIC stance they started to change their mining algorithms with their hardforks leading to the situation we have now.Moneros nethash is currently correcting to GPU/CPU/botnet/FPGA difficulty. Bitmain furthermore announced “MoneroClassic” as their own fork to keep ASICs going (chainsplit harming the main feature of privacy on all fork chains and invalidating the project from the start).What you now can derive from all this:Bitmain (and others) have mined cryptonight coins for monthsthey sell you used minersthey sell you overpriced miners even when they know they won’t work with the main currency when they are delivered (started at 12.000$ per unit, weeks after PoW change announcement)Bitmain centralizes hashingto keep their ASICs alive they even risk to kill the purpose of a coin. In the case of Monero privacy harming through chainsplit and key reuse. Use google.When the hardfork happened Monero was at 1100MH/s approximately, currently while still correcting we are at 500MH/s (the numbers are derived from the difficulty, so AT LEAST 50% came from ASICs silently mining). Of course there are not upgraded miners, people not supporting the new fork and botnets which lower the difficulty. But with everything calculated in and the still correcting difficulty we can be sure this was Bitmain, Baikal and others grabbing their cash before selling overpriced miners to you.So rethink if ASICs are the way to go and especially companys like Bitmain.Edit: see https://monerohash.com/ for current hashrate calculated. Remember we were at 1100MH/s when the fork happened. So my current estimation is 70% of Moneros and others hashrate came from ASICs currently mining.

Monero and Sumokoin (and others, I know these two) changed their mining algorithm slightly with the aim to nullify possible ASIC miners. There were huge amounts of nethash coming from unknown sources and the community agreed these should be ASICs silently mining. Since Monero and forks agreed with the anti ASIC stance they started to change their mining algorithms with their hardforks leading to the situation we have now.

Moneros nethash is currently correcting to GPU/CPU/botnet/FPGA difficulty. Bitmain furthermore announced "MoneroClassic" as their own fork to keep ASICs going (chainsplit harming the main feature of privacy on all fork chains and invalidating the project from the start).

What you now can derive from all this:

  • Bitmain (and others) have mined cryptonight coins for months

  • they sell you used miners

  • they sell you overpriced miners even when they know they won't work with the main currency when they are delivered (started at 12.000$ per unit, weeks after PoW change announcement)

  • Bitmain centralizes hashing

  • to keep their ASICs alive they even risk to kill the purpose of a coin. In the case of Monero privacy harming through chainsplit and key reuse. Use google.

When the hardfork happened Monero was at 1100MH/s approximately, currently while still correcting we are at 500MH/s (the numbers are derived from the difficulty, so AT LEAST 50% came from ASICs silently mining). Of course there are not upgraded miners, people not supporting the new fork and botnets which lower the difficulty. But with everything calculated in and the still correcting difficulty we can be sure this was Bitmain, Baikal and others grabbing their cash before selling overpriced miners to you.

So rethink if ASICs are the way to go and especially companys like Bitmain.

Edit: see https://monerohash.com/ for current hashrate calculated. Remember we were at 1100MH/s when the fork happened. So my current estimation is 70% of Moneros and others hashrate came from ASICs currently mining.