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RE: Monero Hard-Fork: Monero Classic, Original, & More Free Fork Coins / 80% Drop In Hashrate - ASIC 🚫

in #crypto-news6 years ago

Users of anonymity-focused altcoin Monero (XMR) continue to wait with baited breath after the cryptocurrency hard forked Friday, April 6.

The contentious hard fork comes as the Monero community has gained several forks, some ostensibly aiming to preserve the ASIC-compatible chain and others promising various other improvements and features.
Among the alternative chains are Monero Original and Monero Classic.
The motivation behind the latest upgrade meanwhile lies with hardware manufacturer Bitmain. In March, the Chinese company announced a new product, the Antminer X3, which was specifically developed to mine Monero.
Fearing mass use of the kind of ASIC offered by Bitmain would make the network more centralized by forcing small-time miners using home PCs and other devices out, Spagni led a retaliation by pledging to “do everything in his power” to halt their proliferation.This is a very important news for all the people who are related to monero.Thanks for sharing with us.

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