Siacoin, a decentralized storage project, announced its decision to activate hardfork. The goal of splitting is to counteract ASIC mining, which can lead to centralization of the system.

Siacoin Vs. Bitmain

The Siacoin team of developers decided to change the Proof-of-Work algorithm that the Sia network is currently using to resist the mining on ASICs produced by Bitmain and Innosilicon. The activation of version 1.3.6 of the Siacoin protocol is scheduled for October, 31.

 

The Chinese mining equipment manufacturer Bitmain launched sales of ASICs designed for mining Siacoin in early 2018. But the Siacoin community with the help of hashrate statistics suggested that Bitmain had allegedly mined Sia in secret before it released AntMiners on the market.

Obelisk instead of Bitmain: centralization is inevitable

It is curious that the investigation into the dishonest actions of Bitmain, which mined Siacoin on ASICs before the official release of these miners, was made by David Vorick, one of the developers of Siacoin and the owner of a small Chinese manufacturer of mining equipment Obelisk.

The equipment manufactured by Obelisk will apparently remain valid in the Siacoin network after it splits. Some users suspect that the main goal of the hardfork Vorick voted so hard is to make mining possible on only one type of ASICs, which is CS1 from Vorick's Obelisk. Siacoin community members even are suspecting the creator of the platform in an attempt to monopolize the mining equipment market.