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 ▊ Today, BiZong saw a piece of news from the Ethereum community: Piper Merriam, the Ethereum development team, proposed the hard fork plan EIP958 to change the algorithm to resist ASIC chip mining machines. He also speculated that Wu Jihan's Bitmain has begun to use its Ethereum ASIC for mining.  Previously, several technology magazines have revealed that Bitmain, the king of mining machines, has developed an Ethereum ASIC mining machine, which will be officially shipped in the second quarter of this year and has been given to a few large miners. However, Bitmain denied this. But the Ethereum community has already reacted. Vlad Zamfir of the development team also launched a vote on Twitter to see if everyone is willing to accept the Ethereum hard fork to fight against ASIC mining machines.  Why are they so afraid of the Ethereum ASIC mining machine that Bitmain may make? Just look at Monero. It is reported on the Internet that Bitmain has launched a Monero ASIC mining machine. The Monero development team immediately expressed resistance and will not hesitate to modify the mining algorithm through a hard fork on April 6 to prevent ASIC from seizing the mining machine ecosystem on a large scale.  Anyone who plays with mining machines knows that ASIC is a big killer. For POW mining such as Bitcoin, Ethereum, and Monero, if mining with a CPU is like digging with a shovel, then mining with a GPU is like digging with an excavator, and using ASIC chips means senior talents who graduated from Lanxiang are digging with two excavators. For miners who put profits first, who doesn't want to use ASIC mining machines that can maximize profits. Coincidentally, companies like Bitmain, which have financial strength and a deep accumulation of mining technology and resources, can afford to develop ASICs.  Of course, if everyone buys ASIC, it will be easy to be controlled by suppliers, or Bitmain will use ASIC to mine at a cost price, which will return to the so-called centralization problem caused by the dominance of computing power. All currency development teams do not want this to happen. This is the case with Monero, and the same is true with Ethereum. According to Buterin's plan, POW will be changed to POS later, and the miners who spend fiat money in mining will be kicked out, and whoever holds more coins will get the most. However, Buterin also said that it should not change before 2020, otherwise, Ethereum miners are expected to fall out in the short term. In order to avoid the possibility of being overtaken by Wu Jihan, it is really helpless to think of a hard fork to modify the algorithm. Monero is easier to do because of its strong community cohesion, but the Ethereum family is very dispersed. Every hard fork may cause losses. Maybe a few more Ethereum Classics will be forked, and everyone will naturally feel that it will affect the currency price. Therefore, the Ethereum community hard fork is not that simple.  Wu Jihan was called "Han" by many netizens in the currency circle on Twitter, which is to insinuate that he is a dictator like Genghis Khan. His mining machine centralized the computing power, thus taking away "decentralization", the original requirement of Bitcoin and blockchain. But Mr. Bi felt that Wu Jihan was like a deep-rooted politician who had a thorough understanding of human nature, while the foreigner was too persistent. There is an old saying in our country: Yin and Yang complement each other. Where there is yin, there is yang. Even for the Bitcoin blockchain, complete "decentralization" is impossible. The greater the power of decentralization, the power of centralization will accompany it and become larger and larger. Not to mention mining, take currency holders as an example, especially those who invest in currency speculation. Everyone who wants wealth is centralized here. After all, everyone wants power and maximization of power. Mr. Bi feels that Satoshi Nakamoto’s conspiracy may be to use “decentralization” to create a dream for new social forces, a dream that can change the existing social configuration and become the master. Mr. Bi has never believed in pure decentralization, but it is best for Chinese people to maximize their power and rule the earth. Now in the entire blockchain world, apart from investment, there are not many big names in my country who can speak in terms of technology. However, Wu Jihan and Bitmain have firmly planted a red flag in the world of foreigners. As Chinese, don’t criticize others and support them! ▊ Finally, I would like to strongly recommend a brother who is the first person to invest in the blockchain in China with screenshots of real offers: the first brother in blockchain investment! Long press the QR code below to follow quickly! This troll bought 1 million EOS!  Reply "USDT" in the background to see the analysis of the additional USDT issuance of 300 million Reply to "EOS" in the background to see the analysis of EOS and IPFS. Reply to "Petro Coin" in the background to see the analysis of Venezuela's Petro Coin.  |
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