Monero developers are set to fork their network on March 9th to reduce the effectiveness of ASICs.
The hard fork will change Monero’s proof-of-work algorithm and reduce the hash rate capabilities of ASIC miners by a factor of more than 2.5.
Monero developers are set to fork their network on March 9th to reduce the effectiveness of ASICs. This move will significantly lower hash rate allowing small-scale mining operations running graphics processing units (GPUs) to compete favorably and make the network’s PoW algorithm less ASIC-friendly.
The details of the hard fork, as posted by Redditor by sech1, are as follows:
The fork will occur at block height 1,788,000.
The network upgrade will bring about changes to Monero’s PoW algorithm by adjusting blocksize.
Monero devs will activate the fork on the 0.13 branch.
The hard fork will stall the effectiveness of the ASIC miners. As per sech1, this new PoW algorithm will reduce the hash rate capabilities of ASIC miners by a factor of more than 2.5. There is another future hard fork that has been tentatively scheduled for October 2019.
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