Tuesday, January 8, 2019

Miner manufacturer Linzhi opposed the implementation of the ProgPoW proposal













Based in Shenzhen, the manufacturer of miners Linzhi criticized the intention of Ethereum-developers to implement a solution ProgPoW, aimed at blocking ASIC-miners. It is reported by CoinDesk.


The possibility of updating the Ethereum codebase with ProgPoW activation was discussed by developers last Friday. If the proposal is accepted, the influence of ASIC miners will be limited, and the extraction of ETH will continue to be carried out on more traditional equipment like video cards.


According to representatives of Linzhi, the company was "shocked" by this initiative:


“We consider arbitrary rule changes to be unacceptable, demanding clear and equal guidelines for all equipment manufacturers”- write the representatives of the Chinese company.


Currently, Linzhi is developing an innovative chip for the Ethash mining algorithm. The company has already spent $ 4 million on its creation, and Linzhi is confident that the miners based on these chips outperform all ASIC devices on the market for Ethereum.


In a conversation with CoinDesk, a spokesman for Linzhi, Wolfgang Sproul, announced the developers' intention to explore the possibility of creating an ASIC device compatible with the ProgPoW solution.


As for the recent accusations against Linzhi regarding the "51% attack" on the Ethereum Classic network, Sproul called them "completely unfounded."


ForkLog previously reported on the Ethereum Foundation and Filecoin initiative to create specialized equipment for Ethereum 2.0.


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