• Latest
Bitmain’s Latest Bitcoin Miner Update Activates Controversial ‘AsicBoost’

Bitmain’s Latest Bitcoin Miner Update Activates Controversial ‘AsicBoost’

October 22, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Bitmain’s Latest Bitcoin Miner Update Activates Controversial ‘AsicBoost’

coinnewsdaily by coinnewsdaily
October 22, 2018
in Tech
0
Bitmain’s Latest Bitcoin Miner Update Activates Controversial ‘AsicBoost’
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Bitcoin mining computer manufacturer Bitmain has released a software update for its Antminer s9 devices, using controversial code to allow them to more efficiently mine bitcoin.

Bitmain announced Monday that the just-released firmware will support “overt AsicBoost” functionality, bringing a speed boost to the miners. Notably, while Bitmain is only just now enabling these mining devices to use AsicBoost, the chips were already capable of supporting the function on a hardware level.

In particular, the post claims that this will ensure Bitmain’s machines remain effective at mining the number one cryptocurrency by market capitalization, while simultaneously increasing the hashrate of the bitcoin network and reducing its energy footprint.

The company explained that it previously had not intended to release software supporting the AsicBoost method due to concerns that the software may be protected by patents. However, the company’s legal counsel had decided that there presently is no specific patent claim over the software.

According to the announcement:

“Now we are pleased to give Antminer users whose miners have the capability to support this function a choice to avail this advantage without any negative impact on the Bitcoin protocol. This variant of the ‘overt AsicBoost’ simply uses version bits different from those that other manufacturers have been using. It is equally transparent because it can be seen in the blockheader of boosted blocks.”

Bitmain added that it also intends to release firmware supporting the same functionality for its Antminer R4, S9i, S9j, T9 and T9+ miners next week.

AsicBoost has seen some controversy in the past, with Bitcoin Core developers claiming that miners using the method – which exploits a flaw in bitcoin’s proof-of-work algorithm to mine bitcoin a 20 percent hike in efficiency –were engaging in unfair practices that could harm the network.

While Bitmain was accused of covertly using AsicBoost in April 2017, the company denied using it in any production capacity.

Bitmain’s software release comes days after software startup Braiins announced it would publish open-source code to enable AsicBoost on the Antminer S9 on its own.

In a blog post last Thursday, the startup said it had independently verified that the miner was capable of supporting AsicBoost, though it said adding the code would save about 13 percent of energy costs, rather than the 20 percent claimed last year.

In today’s announcement, Bitmain noted that its btc.com and Antpool bitcoin mining pools both implemented AsicBoost from March 2018.

Bitcoin mining image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

EU Securities Group Advises Regulating Crypto Assets Under Existing Rules

Next Post

Accenture Tech Now Connects Corda, Fabric, DA and Quorum Blockchains

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Accenture Tech Now Connects Corda, Fabric, DA and Quorum Blockchains

Accenture Tech Now Connects Corda, Fabric, DA and Quorum Blockchains

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$29,773.00-1.33%
  • ethereumEthereum(ETH)$2,021.56-2.76%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$297.48-1.16%
  • rippleXRP(XRP)$0.418759-2.06%
  • cardanoCardano(ADA)$0.561.11%
  • SolanaSolana(SOL)$54.40-0.28%
  • polkadotPolkadot(DOT)$10.65-3.87%
  • dogecoinDogecoin(DOGE)$0.087834-2.17%
  • tronTRON(TRX)$0.0688610.03%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.45%
  • daiDai(DAI)$1.00-0.18%
  • CronosCronos(CRO)$0.191781-0.95%
  • litecoinLitecoin(LTC)$67.31-1.60%
  • matic-networkPolygon(MATIC)$0.68-2.56%
  • leo-tokenLEO Token(LEO)$4.91-0.73%
  • FTX TokenFTX Token(FTT)$31.890.68%
  • bitcoin-cashBitcoin Cash(BCH)$201.37-2.61%
  • chainlinkChainlink(LINK)$7.40-2.93%
  • stellarStellar(XLM)$0.136292-1.60%
  • cosmosCosmos Hub(ATOM)$11.36-0.57%
  • OKBOKB(OKB)$12.28-3.23%
  • algorandAlgorand(ALGO)$0.4585960.53%
  • moneroMonero(XMR)$168.456.36%
  • ethereum-classicEthereum Classic(ETC)$20.80-1.95%
  • ElrondElrond(EGLD)$93.30-1.07%
  • vechainVeChain(VET)$0.031014-1.58%
  • Internet ComputerInternet Computer(ICP)$8.25-4.23%
  • filecoinFilecoin(FIL)$8.41-4.73%
  • tezosTezos(XTZ)$1.77-4.89%
  • makerMaker(MKR)$1,557.203.43%
  • theta-tokenTheta Network(THETA)$1.33-5.86%
  • PancakeSwapPancakeSwap(CAKE)$4.491.62%
  • zcashZcash(ZEC)$105.43-0.95%
  • eosEOS(EOS)$1.32-1.59%
  • AaveAave(AAVE)$84.08-4.08%
  • huobi-tokenHuobi Token(HT)$7.01-0.28%
  • bitcoin-cash-svBitcoin SV(BSV)$53.190.24%
  • iotaIOTA(MIOTA)$0.357620-1.23%
  • paxos-standardPax Dollar(USDP)$1.000.07%
  • neoNEO(NEO)$10.34-2.55%
  • zilliqaZilliqa(ZIL)$0.050634-2.79%
  • wavesWaves(WAVES)$6.62-4.00%
  • KusamaKusama(KSM)$73.664.70%
  • dashDash(DASH)$58.26-4.23%
  • havvenSynthetix Network Token(SNX)$2.791.59%
  • basic-attention-tokenBasic Attention Token(BAT)$0.397062-2.90%
  • nemNEM(XEM)$0.0583964.36%
  • CompoundCompound(COMP)$68.30-4.66%
  • qtumQtum(QTUM)$4.03-0.48%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • yearn-financeyearn.finance(YFI)$9,817.11-3.23%
  • omisegoOMG Network(OMG)$2.47-2.73%
  • bitcoin-goldBitcoin Gold(BTG)$19.430.07%
  • ethlendAave [OLD](LEND)$4.103.48%
  • golemGolem(GLM)$0.254859-1.14%
  • SushiSushi(SUSHI)$1.27-3.35%
  • ontologyOntology(ONT)$0.2742571.25%
  • umaUMA(UMA)$3.010.12%
  • digibyteDigiByte(DGB)$0.012103-5.09%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....