Siacoin Developers Announced Hardfork to Block ASIC Mining


The Siacoin development team (SC) abandoned its initial decision to allow Bitmain and Innosilicon ASIC devices to dominate this network and will conduct hardfork for this purpose. The transition to version 1.3.6 of Siacoin software will take place on October 31, after which the main part of the network hash rate will be made by its own miners of David Vorik, the lead developer of this cryptocurrency.

The controversy over the methods of ensuring the Proof-of-Work algorithm used in the network has been haunted by the Siacoin community for a long time. They are primarily associated with the project to launch their own mining equipment Obelisk, developed by the parent company of the project Nebulous.

The launch of equipment into production was planned at the end of 2017, however, it was postponed, and then its delivery was delayed. At the same time, Siacoin mining equipment was introduced by the mining giant Bitmain, effectively calling into question the future prospects of the Obelisk project.

After some time, rose an idea to limit the possibility of mining on the Bitmain equipment and allow the mining of cryptocurrencies only on the Obelisk equipment. It also contributes to the Siacoin community, part of which in general rightly wondered about the openness and decentralization of the network.

But, if in January of this year it was decided not to block mining with the help of ASICs from Bitmain and Innosilicon, now it has been revised, and a hardfork has been appointed for October 1.

“After lengthy discussions within the community and a more detailed study of the economics of ASIC mining, the Sia Core team decided to update the Proof-of-Work algorithm in order to block the Bitmain and Innosilicon equipment,” wrote David Vorik.

He also claims that the initial decision to abandon hard forks led many users to leave the community. The latest news from the developers, meanwhile, has already had a positive impact on the price of SC – over the last 24 hours it has grown by more than 7%.