Bitmain has released a new ASIC Miner. The hardware uses the Equihash algorithm, which can also be used to mine ZCash. In the ZCash camp this triggered the discussion about the centralization of mining.
According to the official announcement, the first devices arrive in June. The Antminer Z9 comes exactly one month after the release of the ethereum-based ASIC-Miner. Bitmain tweeted the following:
Pleased to announce the Antminer Z9 mini, an ASIC miner to mine #Equihash-based cryptocurrencies. To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user. Order here (https://goo.gl/fqzDLV ) now while stock lasts!
Bitmain and the centralization of mining
By setting the order quantity to one unit per user, Bitmain tries to counteract the centralization of mining. The problem of key mining farms, where individual companies have control over the distribution of new cryptocurrencies, is a hot topic in the crypto scene. The discussion also started in the ZCash community. ZCash founder Zooko Wilcox comments:
“I tried to find out about the current status of crypto-mining. I am in contact with some major mining operations to understand their economics. Also, I inform myself about the production of energy […]. Also, a big unanswered problem is, in my view, let’s say you have a big, profitable mining farm. Why do not you just reinvest all the profits to upgrade? In other words, why have not professional and well-equipped GPU mining operations long since driven small miners out of business? One thing I’ve learned is that GPU mining is absolutely essential for the ZCasher in Venezuela. If Venezuelans try to import ASIC miners, they risk being stolen or confiscated by the army, which controls all imports in the country. “
He addresses another sore point in the debate – with a price of $ 1,999, the Mining device for people on a budget is certainly out of the question.
image by shutterstock
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
