| Original title: Ethereum Mining is About to Change Forever
Regardless of whether it is good or bad for the industry, Ethereum's mining road has come to an end.
On Wednesday, China's mining hardware maker Bitland began accepting pre-sale orders for its own ant miner E3, the first ASIC mining machine for Ethereum, which will use the POW consensus algorithm to dig up Ethereum coins. Similar to other virtual currencies.
In the months leading up to the release of the ant E3 mine machine, rumours about the development of such a product by Bitland have continued to spread, but none have been confirmed, but it has now been confirmed.
Before that, Ethereum was dug out mainly through the GPU chip, which is what the public can buy in the store. In the eyes of the Ethereum team, (with the graphics card mining) this method can guarantee the decentralization of Ethereum. This will ensure that the computing power will not be concentrated in the hands of a few mining machine manufacturers, and that it will be more difficult to make the ASIC mining machine difficult to develop.
The ASIC mining machine is much more efficient than the GPU mining, so the launch of the ant mining machine E3 forced the miners to purchase new machines to maintain their competitiveness in the fortune pool. The emergence of E3 quickly changed the mining situation at Ethereum, And at a very rapid pace, Bitland is well positioned in the Ethereum ecology.
However, a large number of users in Ethereum strongly support the Ethereum network upgrade to invalidate the miner's ASIC algorithm and thus prevent the centering of computational power.
Ethereum developer Pier Merriam's latest vote showed that 96% of users chose to support Ethereum's algorithm. This decision seems very natural, and it does not advocate to defend against ASIC mining machines.
There was no precedent for the development team to change the algorithm. Just a few days ago, after the Monroe Co., which paid special attention to privacy, announced the development of an ASIC mining machine for Monroe Coin in Bitland, it immediately achieved consensus and changed the algorithm.
The developers of Monroe Co., Ltd. stated that in the future, they will change the algorithm every six months to dispel the idea of manufacturing a Monroe ASIC mining machine.