ASIC Resistance: Will Ethereum Join Monero Against the Mining Giant?

The reason is the far-reaching game of mining giant Bitmain, which is building up its monopoly on the market by stamping out new ASICs for top coins.

The resistance formation itself began at the start of the year when Bitmain suddenly announced the launch of Antminer A3 production for SiaCoin mining, destroying 4 months of labor of its old competitor Obelisk.

Developers of the latter were less compliant than SiaTech and kept their promise to conduct a hard fork for resisting ASIC mining.

"One major cryptocurrency which is using CryptoNight hash function is about to change their PoW algorihtm , and according to their public statement, it is purposely to brick ASIC mining rigs including X3. When you buying it, you are betting that they are wrong."

Although ASIC miners support other coins, for example, Bytecoin, Aeon and Dash, what about the $4,500 profit promised per month that turned into a pumpkin?

On April 3, developers announced the release of the "World's most powerful and efficient EtHash ASIC", now under the Ethash algorithm, which Ethereum and Ethereum Classic work on.

We are pleased to announce the Antminer E3, world's most powerful and efficient EtHash ASIC miner.

The master of surprises from China successfully refuted the general belief that the Ethash protocol is ASIC resistant and Ethereum can be mined only through traditional GPU cards.

Is Bitmain sure that Ethereum will not be able to abandon PoW, and the transition to PoS will result in just another Ethereum classic-style hard fork?

It is worth remembering one weak spot of ASICs is they can be hit by ASIC Resistance followers.