Prices for Cryptonight ASIC miners plummeted after monero (XMR) made good on its threat last week and activated a hard fork that included a tweak to its Cryptonight Proof-of-Work consensus algorithm, reports CCN. That update made the Application Specific Integrated Circuit (ASIC) miners incompatible with the monero network, turning them into bricked devices. This move followed the recent unveiling of the Bitmain Antminer X3, a Cryptonight ASIC miner. Read more here.

ThirtyK Staff
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