Attack of ASIC Mining and Response from Cryptocurrency Developers
Based on EIP (Ethereum Improvement Proposals) 1011 : Hybrid Casper FFG, Ethereum wants to change it's mining model from POW (Proof of Work) to Hybrid POS(Proof of Stake)/POW and to full POS later. This change was on the roadmap and in the Yellow Paper since the launch of the protocol. There are several reasons behind this change, partly because POW consumes enormous energy and the other reason is to fight ASIC mining. The PoW block reward is reduced to 0.6 ETH/block because the security of the chain is greatly shifted from PoW difficulty to PoS finality and because rewards are now issued to both validators and miners.
Even if Ethereum change to POS, it's still not the end of GPU mining. As you can see, there are a lot of anti ASIC coins to mine, especially that listed on whattomine.com like Ethereum Classic, Bitcoin Gold, and Monero. Several weeks ago, Bitmain launch it's cryptonight and ethash mining machine. Monero responded it with hardfork and change it's mining algorithm to Cryptonight V7. In the other hand, Ethereum Classic will reset the DAG to initial state 1 GB and remove difficulty bomb from their main net at block 5,900,000.
Even if Ethereum change to POS, it's still not the end of GPU mining. As you can see, there are a lot of anti ASIC coins to mine, especially that listed on whattomine.com like Ethereum Classic, Bitcoin Gold, and Monero. Several weeks ago, Bitmain launch it's cryptonight and ethash mining machine. Monero responded it with hardfork and change it's mining algorithm to Cryptonight V7. In the other hand, Ethereum Classic will reset the DAG to initial state 1 GB and remove difficulty bomb from their main net at block 5,900,000.
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