Most Ethereum Users Approve Hard Fork To Resist ASIC Miners, Poll Shows

  • An Ethereum developer's poll saw 57% of users say "yes" to a hard fork that would render ASIC miners obsolete.
  • The poll comes in response to reports that suggest Bitmain may be about to reveal ASIC miners for ETH mining.

A poll Ethereum developer Vlad Zamfir posted on Twitter shows that most Ethereum users would seemingly support a hard fork that would allow the cryptocurrency’s Proof-of-Work (PoW) Ethash mining algorithm to resist ASIC miners.

Zamfir’s poll asks users if they would support a hard fork that renders Ethereum ASIC miners obsolete. At press time, over 6,400 Twitter users responded, with 57 percent voting they would support said hard fork. Only 13 percent of users said they wouldn’t, while 10 percent voted “it’s complicated” seemingly showing they’re undecided. The remaining 20 percent just voted to see the results.

 

The poll comes shortly after Wall Street firm Susquehanna claims to have confirmed Bitmain, a leading cryptocurrency mining hardware manufacturer, has developed an ASIC machine to mine Ethereum. Per the firm’s analyst Christopher Rolland, said machine will be rolled out in the second quarter of this year.

As covered, so far Ethereum’s hashing algorithm, Ethash, has been ASIC-resistant, allowing miners to make a profit using general purpose GPU chips. These, commonly used for gaming and looking for aliens, don’t stand a chance against ASIC chips, which are extremely efficient at mining, but useful for little else.

Zamfir noted that he wasn’t inquiring users for a specific proposal, but merely out of curiosity. Nevertheless, updating the cryptocurrency’s software to resist ASICs wouldn’t be unprecedented.

As covered, privacy-centric cryptocurrency Monero (XMR) recently went to “war” against ASICs through an emergency software update, which reportedly “slightly changes the proof-of-work algorithm to prevent DoS attacks by ASICs.”

Curiously, Monero’s move was prompted by the unveiling of a new ASIC miner capable of mining the cryptocurrency, the Antminer X3, by Bitmain. The cryptocurrency’s developers had in the past revealed they would stop any miner from using ASICs by changing their PoW.

 Some in the cryptocurrency community question whether resisting ASICs is a good move. While they inevitably take out GPU miners, which in turn may help centralize the network, they also help secure it. Down the line, Ethereum plans to abandon PoW and move to Proof-of-Stake (PoS).

Nearly Half of Justin Sun's Recent Followers May Be 'Bots,' Research Finds

  • Many of Tron founder, Justin Sun's recent followers on Twitter may be 'fake" accounts. 
  • This, according to recent research conducted by Twitter user Geoff Golberg.

A recent analysis conducted by Geoff Golberg, an online researcher, has revealed that a large percentage of TRON Foundation founder Justin Sun’s Twitter followers might be fake and/or bot accounts. According to Golberg’s investigation, many of Sun’s mostly new followers on Twitter are accounts that appear to be only a few days old.

As first reported by TrustNodes, there are around 50,000 new Twitter accounts that recently started following Sun, a former Ripple Labs employee. Significantly, Golberg’s research analysis found that approximately 20,000 of Sun’s new followers had accounts which were created in the past 24 hours. These “zero day" accounts mostly had no or very few followers and many of them had never even tweeted any messages.

Twitter Accounts Following Sun Created This Month

Golberg, whose research efforts are mainly focused on detecting manipulative or exploitative activities by Twitter bots, confirmed via the microblogging platform that approximately 20,000 of Justin Sun’s “most recent 50,000 Twitter followers are accounts which were created this month.”

Examining the accounts a bit more carefully revealed many of them have a string of eight digits after their display name. This, Golberg argued, may suggest such accounts were quickly created by some type of automated software. Notably, the researcher mapped the suspicious accounts by the date they were created and found that the majority of them are most likely fake.

On several occasions, the Tron founder has bragged about surpassing Ethereum co-founder Vitalik Buterin in terms of followers on Twitter. However, a detailed investigation reportedly conducted by an auditing website has found that about 90% of accounts following Sun had various “URL issues” and that nearly 70% of such accounts had “suspiciously small number of followers.”

Research Methodology May Not Reveal 100% Accurate Results

Additionally, roughly half, or 50%, of the Twitter accounts created were only an average of 3 months old, the auditor noted. These same suspicious accounts also appear to have very low levels of engagement on the social media network as the majority, 60%, are following very few other Twitter accounts.

According to TrustNodes, the research methodology used involved obtaining a sample of 2,000 of Sun’s 1.01 million followers. As acknowledged by the researchers, there is potentially some level or percentage error in their estimates - given the relatively small sample size.