Linzhi ETH Miner Manufacturer to Oppose the ProgPoW

If the proposal is accepted, the impact of ASIC miners can be limited
09 January 2019   740

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.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   91

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.