Chinese Mining Big Bitmain’s New Firmware Update Reignites AsicBoost Controversy

Chinese cryptocurrency mining giant Bitmain verified it would roll out a firmware update for so-called ‘Overt AsicBoost’ to all its Antminer types in a blog site submit Monday, Oct. 22.

Bitmain, which holds a monopoly on Bitcoin mining by means of its subsidiary mining pools BTC.com and Antpool, stated the release would start with its most the latest Antminer S9 item, extending to older versions upcoming 7 days.

Overt AsicBoost refers to a method of increasing mining “effectiveness” for Antminers, Bitmain suggests, in a way that does not make “any negative effects on the Bitcoin protocol.”

“Initially, we made the decision towards activating this mathematical purpose in mining components created by us, largely due to the fact of the authorized uncertainty encompassing the use of AsicBoost,” the article reads:

“As an corporation, we didn’t want to violate patent regulations or act in any way that was untoward.”

Bitmain garnered a slew of criticism beginning in 2017 around AsicBoost, with Bitcoin Core developers in certain voicing problems that the protocol’s exploitative efficiency gains could in the long run destabilize the Bitcoin network.

The newest release was also not without the need of controversy, Bitmain’s website submit coming just times just after competitor mining pool Slush Pool warned the local community that the up grade was not suitable with its prerequisites.

This, a single effectively-recognized crypto Twitter commentator subsequently advised, was a person component that may have designed Bitmain “worried” about reduction of miners.


Leave a Reply