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While the new algorithm is dedicated to supporting non-ASIC users, which is ultimately good for the miners, the project, as well as the community — the new algorithm also brought controversy. Please enter your comment! You have entered an incorrect email address! Today's Cryptocurrency Chart Predictions. It uses a random task sequence to eliminate the possibility of creating a fixed pipeline, which is how ASICs usually tend to take over new blocks. Receive three exclusive user guides detailing a What is Bitcoin b How Cryptocurrency Works and c Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights. Use information at your own risk, do you own research, never invest more than you are willing to lose. Part 1. Part 1 For example, while it protects the blockchain from ASICs, it also seems to favor Nvidia video card owners, while AMD device owners do not enjoy the same benefits. Considering how new ProgPoW is, there are still not many programs that can be used for mining cryptos. This and other similar solutions have become increasingly necessary as the ASIC production surged in the last year and disrupted the mining process of Ethereum, as well as multiple other projects. However, the new situation has also inspired a number of rumors, debates, and even conspiracy theories. I will never give away, trade or sell your email address. Ethereum's Vitalik Buterin views it as a distraction, while many others remain openly skeptical. This is necessary as ASICs make mining less efficient for those who do not use them, thus leading to more centralized mining. Under no circumstances does any article represent our recommendation or reflect our direct outlook. This theory gained strength when the team representative admitted communication with AMD and Nvidia in the past.