“Weekly what changed in crypto” 26–02 April 2018 by Alte.Capital

Too Long; Didn't Read

Last week was full of rumors about that Bitmain is going to start to deliver ASIC based miners for the Ethash algorithm or even they already started to mine Ethereum using them. Still, these are unconfirmed news, but if true they can affect long-term mining profitability and centralization of mining and in a result, this can affect prices. This raised many concerns and discussions in communities for projects which are using Ethash, mainly about if they should modify their algorithms to prevent ASIC mining.&nbsp;<br>That could lead to last week sell-off, especially if Bitmain mines Ethereum already and sell them instantly on the market. <strong>But, it could be also opposite. It can remind situation from past (2012–2015) when Bitmain announced and started to ship Bitcoin ASIC’s which lead to huge prices increase.</strong>