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85% Of The Monero (XMR) Network Is Reportedly Dominated By ASICs

From oracletimes.com

The latest analysis from the past 40 days seems to be suggesting that Monero is dominated by ASIC mining once again. More precisely, it looks like 85% of the network hashrate is coming from specialized computer hardware. CryptoSlate writes that in a Medium analysis that has been performed by the pseudo-anonymous user called MoneroCrusher, the author suggested that 85.2% of the Monero network is mined via ASICs. “According to the author, in theory, nonce distribution should be a random number between 0 and 2^32. However, for whatever reason, different mining equipment, and mining algorithms tend to produce patterns in ... (full story)

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  • Category: Fundamental Analysis