Ethereum Developers Agreed to Block ASIC Miners
Ethereum’s open source development community have tentatively agreed to an algorithm which will block ASIC. Hence specialized cryptocurrency mining hardware will be blocked, while only GPU hardware will be allowed. The code change is called ‘ProgPoW.’
As part of their most recent meeting, core programmer ‘Hudson Jameson’ pointed out that there nothing holding his team back from implementing “ProgPoW” on the currency’s mainnet. Additionally, on the matter, two developers from the ProgPoW team also came forth and reported that by making use of this latest algorithm, it will become a “little bit harder” for ASIC miners to procure ETH.
This implies that unless the developers experience unexpected issues with the update, ProgPow would be released as a standalone system-wide upgrade or hard fork in about two to four months. No other software changes will be a part of this upgrade aside from ProgPow.
In addition to the proposed ProgPow code change, Ethereum is set to undergo a major system upgrade, Constantinople, on January 16. This will be Ethereum’s 5th major upgrade and was originally scheduled for November 2018.
Constantinople is said to include an array of design changes including improvements to streamline Ethereum’s code and the delaying of Ethereum’s difficulty bomb, which is a code fix designed to prompt frequent upgrades.
This upgrade will also reduce the Ether mining reward from 3 ETH to 2 ETH per block.