As the shipping of the Bitmain AntMiner Z9 Equihash ASIC miner is scheduled for the late June 2018, the ZenCash community is concerned. The concern is that on top of being 12x more energy efficient, the miner specifically focuses on Equihash - ZenCash hashing algorithm. As Bitmain develops more powerful miners, it may get able to maintain more than 50% of the mining hashrate and decide whether to allow ZenCash blockchain to be upgraded or not.
The counter-measure is to change the hashing algorithm from Equihash to Equihash-144-5. This will result in a hard fork. The mandatory software update is scheduled for June 26. A 10-point checklist was prepared to outline the upgrade. More details can be found here.
At the moment of publication, ZenCash market indicators are as follows:
|Average price||28.17 USD|
|Market cap||111,115,862 USD|
|Volume (24H)||2,887,830 USD|