Binance: Monero Household Mining Unprofitable, Vulnerable to 51% Attack Post-Hard Fork

By CCN: Monero recently hard-forked once again to stave off ASIC miners, who take over the network after a time and are disliked by the Monero community. Monero would prefer to be a CPU and at-most GPU coin, which is mined by the people who use it. Binance discusses Monero’s moves in a new report released over the weekend. Binance noted that there were some negative consequences associated with permanently kicking ASIC miners off the network. Decreased Monero Hashrate Worries Binance For one thing, a steep drop in hashrate, which was to be expected. For another thing, block times increased The post Binance: Monero Household Mining Unprofitable, Vulnerable to 51% Attack Post-Hard Fork appeared first on CCN