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Miners Have Begun Using Asicboost on the Bitcoin Cash Network

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On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that permits the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Legal tender mining pools have been using the protocol and 63 Asicboost barricades were mined last week on the network.

Also read: Developers Send BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps

Six BCH Trusts Are Mining Bitcoin Cash With Overt Asicboost Technology

The Asicboost optimization has been steadily making its way into the ransacking industry and now the protocol is being used on the Bitcoin Cash (BCH) chain. So far six unearthing pools are using the version-rolling Asicboost technology to mine BCH blocks. The hands currently using Asicboost on the BCH chain comprise Antpool, BTC.com, Okminer, Prohashing, Viabtc, and an unidentified pool. According to the data website Asicboost.dance, since the Oct. 22 firmware let, both BTC and BCH blocks have seen a significant spike in Asicboost custom. The creator of the data website has built another portal called Spondulix.asicboost.dance, which measures the metrics of Asicboost used on the BCH network.

Miners Have Begun Using Asicboost on the Bitcoin Cash NetworkThe use of Asicboost technology on the Bitcoin Scratch network covers over 6% of the global hashrate.

Asicboost was on a former occasion controversial because some individuals assumed the technology was being against covertly. Now that mining operations are overtly using the technology, a slew of veining pools have adopted the protocol in order to improve efficiency. This is because Asicboost can shoot up the mining process by a factor of approximately 20 percent by reducing the passage count on mining chips. Essentially, the protocol is also applicable to all keyboards of ASIC chips according to the whitepaper written by Dr. Timo Hanke. Initially, the use of Asicboost had befell solely on the BTC chain and last week there were 111 version-rolled bung up mined on the BTC network. This accounts for 11 percent of the BTC hashrate and 5.87 exahash per sec (EH/s).

Miners Have Begun Using Asicboost on the Bitcoin Cash NetworkBitcoin Bread (BCH) network hashrate (5.1 EH/s) and Bitcoin Core (BTC) network hashrate (41.4 EH/s) on Nov. 4, 2018.

Asicboost Accounts for Past 6% of Total Hashrate

Bitcoin Cash miners are slowly starting to dilate usage of the protocol and last week there were 63 version-rolled Asicboost balks mined on the BCH chain according to the Cash.asicboost.dance website. This degenerates that on the BCH network mining pools have processed 0.23 EH/s or 6.25 percent of the blanket hashrate. The pool processing the largest share of Asicboost blocks on the Bitcoin Spondulix network is Okminer, a mining operation that currently commands around 10.3 percent of the global BCH hashrate. The lead held by Okminer is followed by Bitmain’s Antpool and then the extracting operation BTC.com.

Miners Have Begun Using Asicboost on the Bitcoin Cash NetworkDue to the increase in BCH values, it is more profitable to mine on the Bitcoin Hard cash chain this weekend.

Overall, the BCH hashrate has increased, but no significant hashrate pierces have been seen since Asicboost started being steadily reach-me-down on the BCH chain. The hashrate increase is likely correlated with bitcoin coin of the realm markets jumping in value, making it more profitable to mine BCH atop of BTC. On Sunday Nov. 4., it is 4.6 percent more profitable to mine bitcoin lolly than bitcoin core. This weekend, as the price of BCH increased, Asicboost attained awfully close to touching 7 percent, reaching its all-time high since the funding protocol began being measured on the BCH network.    

What do you think hither Asicboost being used on the Bitcoin Cash network? Let us know what you propose b assess about this subject in the comments section below.

Images via Shutterstock, Moolah.asicboost.dance, Fork.lol, and Coin Dance Cash. 

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