Bitmain’s dominance over hash power and enormous influence is dangerous for peer-to-peer networks. It makes protocols vulnerable to censorship and rule-changes dictated by a single central authority, upsetting the checks and balances between the various stakeholders. Bitmain is a China-based chipmaker with a monopoly over ASIC miner manufacturing.Researchers behind ASIC-resistant networks like Ethereum and Monero believe they can combat centralization by using memory-hard consensus algorithms that make ASIC mining unprofitable, but is this a war worth fighting? Read more about it in the link below:
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