Reddit: Bitmain Pools to Reject SegWit Transactions

The interesting Reddit discussion was spotted by a popular trader WhalePanda
30 October 2018   553

The mining pools AntPool and BTC.com, which is operated by the largest manufacturer of mining equipment Bitmain, reject all SegWit transactions in the Bitcoin network. This is reported by a well-known trader WhalePanda, with a link to users of Reddit.

So, the user -johoe stressed that AntPool managed to get four blocks in a row, thereby filling the memory card with SegWit transactions. If on block # 547 566 the commission was 0.04 BTC, then on the next block, which went to BTC.com, it was already 0.24 BTC.

Nevertheless, many users agreed that pools simply harm their business because of ideological convictions, while the Bitcoin network is resistant to this kind of censorship.

In early September, AntPool was accused of using the AsicBoost optimization algorithm on block # 540 032.

After a month and a half, Bitmain introduced updated software for Antminer S9 devices with this algorithm, and soon the solution was implemented in the Braiins Wolfram operating system from Slush Pool.

Zcoin to Implement Hard Fork to Fight ASIC Mining

After update, which implement new  Merkle Tree Proof algorithm, the cost of mining on ASIC devices will be significantly increased
10 December 2018   103

On Monday, December 10, a planned hardfork will be held in the Zcoin cryptocurrency network (XZC), the purpose of which is to oppose mining on ASIC devices. As expected, the upgrade will take place at 12:00 GMT.

As a result, the upgrade will activate a new algorithm called Merkle Tree Proof (MTP), the development of which has been carried out over the past few years.

It is noted that the MTP algorithm provides for increased use of RAM, which significantly increases the cost of mining on ASIC devices and thereby eliminates their advantages.

The FAQ section says that before hardfork users and operators of the nodes need to upgrade to the latest version of the Zcoin software (0.13.7.4). Earlier versions will continue to work, but the new release not only contains important fixes for various bugs, but also significantly improves network performance and throughput.

In addition, the developers warn that if after the hard forks the user still has an earlier version of the software, this can lead to incorrect display of balances in the Zcoin wallet.

Znode operators, in turn, will be excluded from the queue and will not be able to receive the award until they update the software to the latest version.

Zcoin Price
Zcoin Price

These news don't have any big effect on Zcoin's rate.