Linzhi ETH Miner Manufacturer to Oppose the ProgPoW

If the proposal is accepted, the impact of ASIC miners can be limited
09 January 2019   1179

Based in Shenzhen, the manufacturer of miners Linzhi criticized the intention of Ethereum-developers to implement a ProgPoW solution, aimed at blocking ASIC-miners. It is reported by CoinDesk.

The possibility of updating the Ethereum codebase with ProgPoW activation was discussed by developers last Friday. If the proposal is accepted, the influence of ASIC miners will be limited, and the ETH mining will continue to be carried out on more traditional equipment like video cards.

According to representatives of Linzhi, the company was "shocked" by this initiative:

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. 
 

Linzhi Team

Currently, Linzhi is developing an innovative chip for the Ethash mining algorithm. The company has already spent $ 4 million on its creation, and Linzhi is confident that the miners based on these chips outperform all ASIC devices on the market for Ethereum.

In a conversation with CoinDesk, a spokesman for Linzhi, Wolfgang Sproul, announced the developers' intention to explore the possibility of creating an ASIC device compatible with the ProgPoW solution.

Mining Ban in China Won't Affect Bitmain & Canaan

This is said by the companies themself; also, Bitmain and Canaan did not indicate whether they intend to move the business abroad
11 April 2019   206

The prospect of a ban on mining in China will not have an impact on the operating activities of mining giants Bitmain and Canaan in the short term. This was stated by representatives of the press services of companies, 8btc reports.

At the same time, Bitmain and Canaan did not indicate whether they intend to move the business abroad, if the mining ban is set at the legislative level.

Note that China currently holds a dominant position in mining Bitcoin and Ethereum.

According to local cryptoexperts, mining equipment manufacturers will exist as long as Bitcoin has value.

Earlier in April, the National Development and Reform Commission of China issued a bill that called mining an “undesirable industry” and proposed banning it.

So far, the initiative has no legal force. Public discussion of the bill will last until May 7.