XMR mining is soon to be commercialized with the launch of Bitmain's ASIC miner Antminer X5.
According to its announcement, the Antminer X5 has a hashrate of 212 kilo hashes per second and consumes 1,350 watts of power. Built to be one of the most powerful XMR miners available on the market, Bitmain confirmed that the Antminer X5 has a power efficiency of 6.37 joules per kilo hash .Following Bitmain’s announcement, members of the XMR mining community took to Reddit to air their concerns.
ASICs are specialized hardware that can mine cryptocurrencies much more efficiently than general-purpose hardware like Central Processing Units and Graphics Processing Units . This means that if ASICs become widely adopted for mining XMR, it could lead to a centralization of mining power in the hands of a few large mining operations.
The Monero community has a long history of resisting ASIC mining. In 2019, the Monero network underwent ato implement a new mining algorithm called RandomX. RandomX was designed to be ASIC-resistant, making it difficult for ASICs to mine XMR efficiently. However, with the Antminer X5 set to flood the market in a few days, ASIC manufacturers have figured out a way to develop ASICs that can mine XMR using RandomX.
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