AsicBoost Mining Technology: How does it work?

[skurtsil]

Asicboost Mining Technology is a carefully ‘worked-out hoax or trick’. The expertise of Bitmain attracted a big storm in 2017. Most people, including Gregory Maxwell, Chief Technology Officer of Bitcoin, believe that Asicboost mining has a non-competitive feature; it took advantage of an error or weakness that had occurred within the Bitcoin’s mining system giving the company a huge upper hand against its competitors. Thus, this notes an important factor; Asicboost mining is just an upgraded version of an existing technology. This technology appeared in March 2016. Dr Timo Hanke was involved in its white paper as well as in its official patent together with Sergio Lerner.

Read more here:
https://www.tokens24.com/cryptopedia/mining/asicboost-mining-technology-how-does-it-work

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1714845371

[madnessteat]

The creation of Asics is killing mining on graphics cards and CPUs. Which leads to a decrease in the decentralization of cryptocurrency - and this is not good. It is clear that graphics cards and processors over time can not cope with the complexity of the network. But we would like decentralization to continue.