The #monero Network May Be Showing Signs of an Imminent Attack
▻https://hackernoon.com/monero-network-potentially-under-attack-8cdb4054fba8?source=rss----3a814
The Monero Network Possibly Showing Signs of an Imminent AttackWhile the #blockchain world was preoccupied with other newsworthy stories, from the now-delayed Ethereum hardfork to exchange hacks, Monero miners have nervously been watching very unusual phenomenon unfold in front of them. Monero, once a very profitable privacy coin to mine, have suffered like all #pow coins during the longest #bitcoin bear market to date. But those that are watching the network are scratching their heads as profitability is decreasing while hashrate is increasing.Monero is no stranger to ASIC minersMonero is known to be a very anti-ASIC project. In fact, in 2018 alone the project forked two times to combat the rise of ASIC miners — once in April and again in October to the newer Cryptonight V8 algorithm. These (...)