ASIC MINERS CAPTURED 50% OF MONERO’S MINING HASHRATE

According to the study, which placed the user MoneroCrusher, ASIC-miners took more than 50% Monero (XMR cryptocurrency) mining hashrate.

It is interesting that the developers of Monero were almost the first initiators to make hard forks twice a year in order to prevent the extraction of cryptocurrency on processors with specialized chips.

During the first hard forks Monero has four branches — each in a separate cryptocurrencies. However, immediately after that, the developers found a noticeable drop in hashrate. After the second hard fork, the hashrate began to increase, which meant that these same miners were again in the network. Just at this time, the price of the coin jumped by 25%. The researcher concluded that ASIC miners captured more than 50% of XMR production.

New Monero hardwork— update client version 0.12.0 Lithium Luna — is planned by the developers on April 6. The update plans to make changes to the algorithm of digital asset extraction to combat ASIC-miners.

In January, another study concluded that XMR is now the most popular cryptocurrency mined with the use of malicious software, and about 4.32% of all Monero in circulation produced by hackers. The researchers don’t know if the owners of the malware were able to cash out the XMR. In total, about 1 million malicious miners have been detected over the past 12 years out of 4.4 million cases of malware use. It is noteworthy that in second place after Monero, Bitcoin is allocated for crypto- jacking, and the third is Zcash. About five years ago, Dogecoin and Litecoin became objects of crypto-jacking, but again the popularity returned to Monero and Bitcoin.

 

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