ASIC-resistant no more?
That's the question circulating Tuesday in the wake of news that Bitmain, the China-based maker of hardware specialized for cryptocurrency software, had developed a new "ASIC" mining chip designed specifically to process ethereum transactions and claim the protocol's rewards.
Bitmain confirmed the release of its Antminer E3 chips, which will retail for $800, in a tweet that broke what had been weeks of speculation that it would soon launch such a product, one that ran counter to statements from company officials to CoinDesk even hours before.
Still, for ethereum's developers and users, the news wasn't exactly a surprise - it had long been theorized, even in creator Vitalik Buterin's earliest blog posts, that no algorithm for managing mining rewards would remain immune to ASICs forever.
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