Monero will deploy a new algorithm "RandomX" to fight ASICs in October 2019

Monero will deploy a new algorithm "RandomX" to fight ASICs in October 2019

In order to solve the problem of centralized mining of Monero, that is, block mining rewards are increasingly falling into the hands of ASIC mining machine operators, while smaller, independent miners and amateur participants cannot obtain sufficient mining resources, resulting in increasingly polarized mining rewards. Monero will deploy a new algorithm "RandomX" in October 2019 to fight against ASIC. The RandomX algorithm design is "CPU-centric". In contrast to application-specific integrated circuits (ASICs), the central processing unit (CPU) is a multi-purpose designed computer chip hardware.

The RandomX proof-of-work algorithm will further strengthen Monero as a permanent, low-cost, tamper-proof storage network. As Diego Salazar said: "Should we try it? Will this allow us to have a digital, private, and alternative cryptocurrency one day?" (Mars Finance)


<<:  Many mining machines are approaching the shutdown line. Will mining machines be sold by weight again in just half a year?

>>:  Paxful - Your Global Private Wealth Passport

Recommend

What happened to Bitmain yesterday Series 17 (Who does the TSMC goddess favor)

What happened to Bitmain yesterday? In response t...

What is the fate line? Destiny Line Detailed Explanation

We have many lines on our hands, including career...

The nose can tell whether your lover is romantic

The nose can tell whether your lover is romantic ...

What does it mean for women to have moles on the soles of their feet?

Everyone has moles, some people have moles on the...

Is the fortune of the cut-off pattern good or bad? Poor ability

The zanzi lines are actually hanging needle lines...

Experts analyze: What are the use cases of private chains?

Rage Comment : Industry experts have different op...

What does it mean when the nose is thick? Will the relationship be smooth?

Interesting things happen at every stage of life,...

Palmistry explains the five fingers of life

Do you want to know the secrets hidden in your pa...

Bitcoin ETF Approval More Likely Under New SEC Leadership

Cathie Wood, founder and CEO of Ark Investment Ma...

Analysis of what kind of appearance a woman has to have to be blessed

The most blessed women can actually be directly s...

NEM notarization service launched, main features announced

NEM Apostile – A blockchain-based notarization, p...

What are the facial features of a good boss?

What are the facial features of a good boss? One ...

Can a man's beard increase his fortune?

A man with a clean-shaven face certainly gives pe...