Monero (XMR) Adopts New PoW Algorithm to Fight Off ASICs

Monero (XMR) has to deal with the inflow of specialized ASIC machines taking over mining on its network. After several ASIC-disabling forks, which slightly tweaked the CryptoNight mining algorithm, Monero is planning to switch to an entirely different proof-of-work algorithm to remain resistant. Monero Plans Third ASIC-Disabling Upgrade Toward the end of October, Monero plans an upgrade that will make the network once again easy enough to mine with CPU. The change will do away … Continue reading Monero (XMR) Adopts New PoW Algorithm to Fight Off ASICs