Monero Hash Rate Rises 180% After Activating RandomX Algorithm Monero is experiencing a rapid increase in hash rate after a recent update, along with which the Proof-of-Work RandomX algorithm was added to its protocol, aimed at reducing the efficiency of ASIC miners.

Monero Hash Rate Rises 180% After Activating RandomX Algorithm

The Monero cryptocurrency is experiencing a rapid increase in hash rate after a recent update, along with which the RandomX Proof-of-Work algorithm was added to its protocol, aimed at reducing the efficiency of ASIC miners.

According to Bitinfocharts, Monero's hash rate climbed from 309 MH / s just prior to the update on November 29 to 950 MH / s by December 7. Since then, the value has dropped to 826 MH / s, but the gain is still over 180%.



Similar information is provided by the Coinwarz portal.

In addition to reducing the efficiency of ASIC mining, RandomX limits GPU mining to a certain extent, thus opening up the possibility of mining cryptocurrency on the CPU, which is supposed to make the distribution of computing resources among miners more even. In addition, RandomX should complicate the life of botnet owners due to additional memory requirements for the devices on which mining is carried out..

“Hardware with less than 4GB of RAM will not be used to run miners on RandomX,” said Symas Corp. CTO. Howard Chu in the recent Monero Talk. "It can reasonably be argued that the size of mining bots on RandomX will be lower than before.".

Developer Jethro Grassi also noted that the minimum 2 GB RAM requirement will complicate the hidden mining process, since unauthorized use of resources in this case will not be so easy to hide.

The price of XMR continues to stagnate around the $ 50 level, to which it dropped after another fall in the middle of last month.

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