Bitmain announces Zcash ASIC

Leo Zhang

By Leo Zhang

Technical & Updates

Bitmain to begin shipping Equihash ASIC miners in June
(Block Explorer, by David Murray)

"The Z9 mini is the first application-specific integrated circuit (ASIC) miner built to mine the Equihash Proof-of-Work (PoW) mining algorithm, which is currently used by Zcash, Bitcoin Gold, and a variety of lesser-known cryptocurrencies."

The announcement of Antminer Z9 mini spurred some interesting debates in the Zcash community.

Initial thoughts on the product

Zooko Wilcox weighing in on ASICs in a discussion on Zcash forum

"I would definitely be willing to talk to ASIC manufacturers, GPU manufacturers, other mining operations and mining products, etc. etc. Get in touch."

Pro-ASIC view

Anti-ASIC view

News & Commentary

SEC set to make decision on Ethereum on May 7
(Crypto Disrupt)

"On May 7, 2018, the Securities and Exchange Commission, in conjunction with members of the Commodities and Futures Trading Commission, will decide whether or not Ethereum is a security or a commodity. Currently, cryptocurrencies are largely viewed as commodities. The difference between a security and a commodity has huge implications on how a particular asset will be viewed by tax and regulatory authorities."

Vaultoro's Bitcoin-to-gold exchange implements Lightning Network payments
(Bitcoin Magazine, by Shawn Gordon)

"The company allows customers to trade gold with bitcoin directly, all the way down to 0.1 gram in quantity. Customers can hold the asset for seconds or years, with their ownership certificate securely stored on the blockchain. All gold holdings are physically stored by Pro Aurum in Switzerland and audited by BDO."

How to build (and rebuild) trust