[2018-03-26] The Crypto 'Kill Switch': Monero Is Going to War Against Big Miners

[data_teks]

Developers are preparing to go to lengths to keep one of the world's largest cryptocurrencies free from the encroaching interests of big business.

While a high-speed hardware known as an ASIC has been used to secure bitcoin transactions for years, mining hardware manufacturer Bitmain recently announced a new model, the Antminer X3, that has been purpose-built for mining the privacy-oriented cryptocurrency monero.

Yet rather than greeting the hardware as a welcome sign of increased interest, monero will go so far as to enact an emergency software upgrade in April meant specifically to change the rules of the system so as to block the effort entirely.

https://www.coindesk.com/crypto-kill-switch-monero-going-war-big-miners/

[buwaytress]

Bloody hell, I had always had a certain amount of respect for the Monero devs but this reactive finger to Bitmain has got to be one of the most recent examples of just how much serious developers dislike corporate mining interests.

Of course, this could easily be seen as an unnecessary intervention or even intrusion into decentralised territory. What's for sure is that ASIC resistance seems to be temporary at best. Bitmain and their ilk don't stop at much.