Author: Andreas Schildbach 2017-04-06 16:13:55
Published on: 2017-04-06T16:13:55+00:00
On 4th May 2017, Gregory Maxwell via bitcoin-dev wrote that a particular mining chip has been reverse engineered and it has been concluded that ASICBOOST has been implemented in hardware. The person who asked the question wanted to know if there were any plans to release details or if there was already documentation available regarding this matter.ASICBOOST is a controversial method of increasing mining efficiency which has been seen by some as a way for miners to gain an unfair advantage over other miners. It works by exploiting a flaw in the Bitcoin protocol to reduce the amount of work required to mine a block. This reduces the energy consumption and increases the mining profits of those using ASICBOOST.The implementation of ASICBOOST has been a contentious issue within the Bitcoin community for some time. Some have accused certain miners of secretly using ASICBOOST to gain an unfair advantage, while others have argued that the use of ASICBOOST is perfectly legitimate.The news that ASICBOOST has been implemented in hardware will likely add fuel to the debate about its use. It remains to be seen what impact this revelation will have on the Bitcoin community, but it is clear that the controversy surrounding ASICBOOST is far from over.
Updated on: 2023-06-11T23:41:05.038285+00:00