ASICs

The outbreak of COVID-19 might push smaller miners out of the Bitcoin mining Industry. It has been caused by both cryptocurrency price collapse and the shortage of the supply of new Bitcoin mining ASICS. There is even a theory that the pandemics could kill crypto mining completely.

XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.

The 700,000 SiaCoin from Nanopool’s previous campaign are still fresh on the blockchain and the pool’s developers have already launched a new one. This time, in a push to attract miners, the service has decided to eliminate all fees, as announced on its Twitter account. SIA can now be mined for free. The campaign will last at least two weeks.