Analysis Suggests that 85 Percent of Monero Network is Dominated by ASICs114

Within the last 40 days, analysis suggests that Monero is once again dominated by ASIC mining, with 85 percent of the network hash rate coming from this specialized computer hardware. The author was able to detect this new wave of ASICs via mining nonce forensics.

Monero is an open-source cryptocurrency created in April of 2014 that focuses on “fungibility, privacy, and decentralization. Monero uses an obfuscated public ledger, meaning no one can see the source or amount of transactions within the system.

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