In this video I really wanted to expose the plans for the Baikal ASIC miners. These ASIC miners can really have a large impact on Cryptonite coins. According to some of the information I’ve identified during my investigation, these may have been mining as early as December.
If that is the case, they may be approximately 60% of the current Monero hashrate.
Some developers of Cryptonite coins are planning corrective action within the near future. Monero plans to move to Cryptonite v7 which is much more ASIC resistant. This should stop ASIC mining in it’s place for now.
SumoKoin hasn’t planned anything until they see an ASIC miner released in operational order.
Turtlecoin is planning a hardfork to another algorithim but they have not decided which yet. They appear to have a really strong stance against ASIC mining which is wonderful to see! I’m a big fan of their dilligence.
Electroneum has not provided any information yet on their proposed actions on the ASIC miners.
It will be interesting to see what heppens over the next few days for Cryptonight coins.
Here are the links to all of my resources used throughout this video:
ASIC Miner Info:
Tweets by baikalminer
Electroneum ASIC Discussion:
TurtleCoins ASIC Plans:
Cryptonight Mining Calculator:
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Let me know what you guys think in the comments!
Thanks for tuning in and as always,