Monero plans to switch to new PoW algorithm that will make GPU mining ineffective
How to mine Monero (XMR) on Windows using your GPU and CPU concurrently!
Arweave announced that it has signed a contract to audit a new proof-of-work algorithm Monero, which the anonymous cryptocurrency plans to switch to in October 2019..
The protocol was named RandomX, and in case of successful verification, it will replace the current CryptoNight. Arweave says the new algorithm will require less developer intervention to further counter ASIC devices, and also make GPU mining uncompetitive.
In the description of RandomX on GitHub said, that the protocol will require miners to allocate 2080 MB of RAM for the process. This can make it easier to identify stealthy mining attempts by malware that XMR typically mines for a hacker..
Until now, Monero developers have made minor changes to the algorithm every six months and hard forked the blockchain to provide protection against specialized devices. However, the community began to criticize the project team for such practices, arguing that frequent forking increases the level of centralization. This prompted the developers to write an alternative..
RandomX audit over the next two months will cost Monero $ 150 thousand.
The innovation will also help fight botnets that are increasingly used for cryptojacking.
text: Ivan Malichenko, photo: Shutterstock