Wednesday , November 14 2018
Home / News / Bitcoin / Miners Have Begun Using Asicboost on the Bitcoin Cash Network

Miners Have Begun Using Asicboost on the Bitcoin Cash Network

Know-how & Safety

On Oct. 22, Bitmain launched new firmware for the firm’s Antminer mining rigs that allows the use of an optimization often called (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining swimming pools have been utilizing the protocol and 63 Asicboost blocks have been mined final week on the community.

Additionally learn: Builders Launch BDIP: A Bitcoin Cash Proposal Course of for Decentralized Apps

Six BCH Swimming pools Are Mining Bitcoin Cash With Overt Asicboost Know-how

The Asicboost optimization has been steadily making its means into the mining business and now the protocol is getting used on the Bitcoin Cash (BCH) chain. Up to now six mining swimming pools are utilizing the version-rolling Asicboost expertise to mine BCH blocks. The operations presently utilizing Asicboost on the BCH chain comprise Antpool, BTC.com, Okminer, Prohashing, Viabtc, and an unknown pool. Based on the information web site Asicboost.dance, since the Oct. 22 firmware launch, each BTC and BCH blocks have seen a big spike in Asicboost utilization. The creator of the information web site has constructed one other portal referred to as Cash.asicboost.dance, which measures the metrics of Asicboost used on the BCH community.

Miners Have Begun Using Asicboost on the Bitcoin Cash Network
Using Asicboost expertise on the Bitcoin Cash community covers over 6% of the international hashrate.

Asicboost was as soon as controversial as a result of some people assumed the expertise was getting used covertly. Now that mining operations are overtly utilizing the expertise, a slew of mining swimming pools have adopted the protocol in an effort to enhance effectivity. It is because Asicboost can pace up the mining course of by an element of roughly 20 p.c by lowering the gate depend on mining chips. Primarily, the protocol can also be relevant to all sorts of ASIC chips based on the whitepaper written by Dr. Timo Hanke. Initially, the use of Asicboost had occurred solely on the BTC chain and final week there have been 111 version-rolled blocked mined on the BTC community. This accounts for 11 p.c of the BTC hashrate and 5.87 exahash per sec (EH/s).

Miners Have Begun Using Asicboost on the Bitcoin Cash Network
Bitcoin Cash (BCH) community hashrate (5.1 EH/s) and Bitcoin Core (BTC) community hashrate (41.four EH/s) on Nov. four, 2018.

Asicboost Accounts for Over 6% of Complete Hashrate

Bitcoin Cash miners are slowly beginning to enhance utilization of the protocol and final week there have been 63 version-rolled Asicboost blocks mined on the BCH chain based on the Cash.asicboost.dance web site. Which means that on the BCH community mining swimming pools have processed zero.23 EH/s or 6.25 p.c of the total hashrate. The pool processing the largest share of Asicboost blocks on the Bitcoin Cash community is Okminer, a mining operation that presently instructions roughly 10.three p.c of the international BCH hashrate. The lead held by Okminer is adopted by Bitmain’s Antpool after which the mining operation BTC.com.

Miners Have Begun Using Asicboost on the Bitcoin Cash Network
Attributable to the enhance in BCH values, it’s extra worthwhile to mine on the Bitcoin Cash chain this weekend.

Total, the BCH hashrate has elevated, however no important hashrate spikes have been seen since Asicboost began being steadily used on the BCH chain. The hashrate enhance is probably going correlated with bitcoin money markets leaping in worth, making it extra worthwhile to mine BCH over BTC. On Sunday Nov. four., it’s four.6 p.c extra worthwhile to mine bitcoin money than bitcoin core. This weekend, as the worth of BCH elevated, Asicboost got here awfully near touching 7 p.c, reaching its all-time excessive since the mining protocol started being measured on the BCH community.    

What do you concentrate on Asicboost getting used on the Bitcoin Cash community? Tell us what you concentrate on this topic in the feedback part under.


Pictures through Shutterstock, Cash.asicboost.dance, Fork.lol, and Coin Dance Cash. 


Wish to create your personal safe chilly storage paper pockets? Test our instruments part.

About Tom Greenly

Check Also

South Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia

Exchanges South Korean cryptocurrency alternate Upbit has reportedly began advertising and marketing new crypto exchanges …

Vietnam at Crossroads on Cryptocurrency Regulations

Regulation Vietnamese authorities are nonetheless contemplating their strategy to regulating the cryptocurrency house. The Ministry …