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Monero

Monero Network Upgrade Is Providing Pros And Cons For Different Miners

  • Monero is staying in line with its persistent efforts to get as far away from ASIC centralisation as possible.
  • The change of the mining algorithm was just one of the big network upgrades included. 
  • The new algorithm doesn’t just put the aforementioned miners at a disadvantage but it will also put a limit to GPU mining

After recently upgrading its network, Monero is staying in line with its persistent efforts to get as far away from ASIC centralisation as possible. The change of the mining algorithm from CryptoNightR to RandomX was just one of the big network upgrades included. 

Moreover, the new algorithm doesn’t just put the aforementioned miners at a disadvantage but it will also put a limit to GPU mining, but it is yet to be determined how significant this will be. Despite all the results of the shift, the main aim of the change was to give CPU miners the upper hand.

As per AMBCrypto:

“One of the latest in this series was Stantinko botnet, which according to We Live Security, has been mining Monero ‘since at least August 2018’’and was reported to have mined over $2.3 million worth of Monero. Notably, a report by Bloomberg stated that French police ‘located and dismantled the pirate server’ of a botnet used for mining Monero, earlier this year in August.”

The CTO of Symas Corp, Howard Chu was asked as to whether there was going to be an increase in mining bots. 

Whilst in the latest session of Monero talk, Chu said:

“The numbers really aren’t going to change that much… if anything is out there that’s so old that it’s got less than 4 gigs of RAM, it’s not going to be running a RandomX miner anyway… there’s a good case to be said that the size of mining bots on RandomX will be smaller than it was before.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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