Published
5 years ago on
September 24, 2018
“Decred is a two-tier digital asset, relying on nodes that additionally verify the network, so a 51% attack through mining alone is not possible, and an attack on the network would be prohibitively expensive. With more ASIC, however, the mining component will become even more difficult to overtake.â€Why Decred? Decred has seen a bit of a hashrate expansion over the summer months as a result of an increase in mining popularity. This is no doubt down to the reduction in Bitcoin mining profitability, therefore miners are seeking new alternatives. Because of the increase in attention on Decred, Antminer have realised a new market is opening up and have realised a demand for such hardware, simply put, they are responding to a demand from their target audience. According to Cryptovest:
“The hashrate for Decred started expanding significantly this summer, rising from around 3,700 TH/s in May to as high as 85,000 TH/s. Such rapid growth is always suspected to be the result of ASIC mining the chain in secret rather than amateur miners or pools with GPU. Given the friendly attitude of the Decred team to the ASIC, it is possible that some ASIC mining has already occurred. Decred uses the Blake 256 algorithm and is among the popular coins for cloud mining.â€This will no doubt encourage a new move towards Decred mining, something that in turn will only compliment and benefit the progression of the Decred project. With a new voting system set to be unveiled and a number of other new developments, Decred is on the verge of seeing an influx in growth, a growth that is now going to be encouraged in the right direction by new mining efforts, thanks to the production of the Antminer D3. References Cryptovest
