85% of Monero network dominated by ASICs, recent analysis shows

09 Feb, 2019 | Updated: 09 Feb, 2019
by Fifi Arisandi
85% of Monero network dominated by ASICs, recent analysis shows

A recent analysis by a pseudo-anonymous user, MoneroCrusher reveals that 85.2% of Monero network is mined through ASICs. 

In an analysis posted on Medium, MoneroCrusher elaborated how he managed to come up with the conclusion, which he said to be based on the distribution of nonce. 

To those unfamiliar with the term, nonce is an arbitrary random number that is part of the brute force process used in mining in the network overtime.

He said that nonce distribution should be a random number between 0 and 2^32, which is in the case of ASICs, it shows certain patterns in how nonces are chosen.

According to him, the pattern has become more obvious overtime, something that he believes to be related to the increase use of ASICs.

MoneroCrusher also said that he noticed a change in the way the ASICs obfuscate the nonces when hardfork took place in April 2018.

“ASIC manufacturers had learned from past mistakes and implemented random nonce picking,” he added.

The randomness, however, is said to be “too much”, which resulted in a “new method” of detecting their use, this time, through their “over randomness”.

Using the new detection method, MoneroCrusher is able to estimate the number of ASICs that exist on the Monero Network, which is around 5,400 ASIC machines or 85% of the total network.

“At the time of writing the network hash rate has increased to 810 Mh/s or 255% since the first signs of the ASICs at the end of December 2018, or approximately 40 days ago,” he closed his statement.

Read more: Monero (XMR) hashrate too high for profitability: attack incoming?

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