Genesis Mining Tweets Its CryptoNight Hashpower Is Incompatible With Monero After Fork

Via the company's Twitter account, Genesis Mining has announced that its CryptoNight Hashpower mining hardware has officially become incompatible for those interested in mining Monero.

The company attributes this incompatibility to Monero's recent conducting of a Hard-Fork protocol in an attempt to prevent the use of new ASIC Antminer hardware released earlier this year.

To our CryptoNight users: Unfortunately, all purchased CryptoNight hashpower became incompatible with the Monero (XMR) protocol after its ASIC-resistance fork and you were unable to continue mining. To avoid future confusion & make up for this situation we decided the following:

— Genesis Mining (@GenesisMining) May 30, 2018

Consumers that already use the programme to mine Monero will find this a shocking and enraging surprise. But Genesis is working on preventing further confusion and alleviating the anger of those that currently use CryptoNight.

According to its subsequent tweets, users will be made aware of the sort of hash power that they are being sold. Offering those unfortunate to have invested in Monero hash power with replacement hardware and GPU's that are capable of mining Monero at no extra cost.

1) We will make sure it is clear what hashpower you are buying and which cryptocurrencies are running which algorithm
2) We are replacing our existing ASIC hardware setup with a GPU infrastructure that is compatible with mining XMR natively & will update your contracts for free

— Genesis Mining (@GenesisMining) May 30, 2018

In the company's third tweet, they made clear that those inconvenienced would also receive three months of mining for free as part of its apology for the inconvenience.

3) You will receive three additional months of mining as compensation.
We thank you for your patience and hope that you are happy with our commitment. Please refer to our blog post & our video statement for more information: https://t.co/Dez6LYuMf3https://t.co/hdU1Lcj5gf

— Genesis Mining (@GenesisMining) May 30, 2018

While these developments are in their very early stages, reactions may range from the sanguine to the thoroughly enraged. But Genesis Mining's immediacy in taking action to address this problem is, at the very least, commendable.