Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
by
Ginzink
on 22/05/2018, 18:55:38 UTC
Quote from: JosephStalin on May 22, 2018, 06:25:12 PM
Quote from: MedaR on May 21, 2018, 09:13:08 AM
Quote from: z0n0 on May 21, 2018, 07:42:45 AM
Can anyone pls comment on official ZEN statement on ASICs and changing algo to ASICs resistant, but in a short quick way.
whats the TLDR version?

Thanks.
Potential Equihash Algorithm Change Preparation

Modifying ZenCash to use Equihash-144-5 is doable, and the software development team has started identifying the specific work that would need to be done in order to create and test this change. It would be a Hard Fork change, and for optimal success of the Hard Fork, it would be best to implement such a proposed change as quickly as reasonably possible before too many ASIC miners take over the hashrate of ZenCash.

https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=re+bitmain

This sounds like good news, keeping the mining among the people instead of giving it up to the industry.

Yes indeed. To keep the hashrate spread out GPU is the way not ASIC. Never been a fan of ASIC to be honest and would have prefered bitcoin not having it as well. But that wont happen as ASIC have the hash and power there.