Ethereum Mining Hardware Company Linzhi Shocked About Proposal to ban ASIC Miners
The proposed ban for ASIC miners on the Ethereum (ETH) network seems to be generating controversies in the market. The mining manufacturer Linzhi, which is based in Shenzhen, released a statement in which they reject the proposal to block specialized mining hardware for the ETH network.
The new implementation aims at introducing ProgPoW. This would optimize mining activities and allow GPU hardware to perform better. In the statement released by Linzhi, the company said that it is “shocked” by the proposal made by ETH developers.
On the matter, the company wrote:
“We reject arbitrary enforcement of rules and request clear and equal guidelines to be established for all hardware makers. Today we are calling upon the ethereum developers to publish rules and requirements for what constitutes a good ProgPoW ASIC maker.”
Wolfgang Spraul, the director of operations at Linzhi, commented that these rules could include more transparency or monthly audits to hardware companies. Back on Friday, ETH discussed the issue and shared their opinions about the ProgPoW proposal.
Linzhi is currently working on a new chip for Ethereum’s mining algorithm that is expected to improve the performance of other ASIC designs for Ethereum. The company spent $4 million on its production. Spraul has also confirmed that they will be studying the feasibility and start to build ProgPoW ASIC miners for Ethereum.
With a ProgPoW mining algorithm, GPU hardware would become competitive with ASIC hardware.
Linzhi has been recently targeted by the Ethereum Classic (ETC) community as being behind the 51% attack on their network. Linzhi and Spraul denied all the allegations saying that they would never test ASIC miners on a mainnet.
Ethereum is also trying to move from a Proof-of-Work (PoW) consensus algorithm to a Proo-of-Stake (PoS). On January 16, it is expected for Ethereum to perform a network upgrade called Constantinople that will reduce mining rewards from 2 ETH to 3ETH. This would allow miners to prepare themselves for a transition to a full PoS. Other opcodes will be included in the upcoming hard fork as well.