The ethos surrounding ZenCash is of freedom, decentralization, and privacy as a human right.
Recent days have been tough for our GPU miners after Bitmain’s announcement of the release of Antminer Equihash ASIC miner. Many are fearful that ASIC miners will take over the Equihash network, overpowering the GPU community and putting ZenCash at risk of becoming centralized under a big company like Bitmain. The ultimate risks are in a potential 51% attack and overpowering the Zen ecosystem with our future DAO voting system.
We value decentralization and our GPU miners who are an integral part of the community. Changing algorithms is an extremely complex activity and we are not going to rush into a decision that may compromise the safety or integrity of the Zen network. It’s important that we take time to conduct research and evaluate options to properly formulate a plan.
We welcome discussion during this evaluation period. Join the discussion on ZenCashOfficial Github Issue 142: ASIC Resistance thread.
Also, listen to both co-founders, Rob Viglione and Rolf Versluis, discuss the issue in the videos to the right ->:
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Rolf’s comments on Bitmain/ASIC: 35:45
Rob’s comments on Bitmain/ASIC: 47:02