Q. What are the Cons of the Ethash Algorithm?
Technical writer
What are the Cons of the Ethash Algorithm?
These are some of the cons of the Ethash Algorithm-
- The ASIC resistance was not a reality when Bitmain introduced their initial Ethash ASIC miner in 2018. There are a number of consensus mechanisms that are being explored to enhance the decentralization in mining for Ethereum. But, the creation of Ethereum 2.0 will see the gradual phase-out out of Proof of Work (PoW) and, in turn, Ethash as a mining algorithm to create an Proof of Participation (PoS).
- The high memory requirements of your DAG makes it very difficult to mine even on less expensive hardware.
- The method by which he increases his algorithm’s difficulty has brought Ethereum to be on the brink of the infamous “Ice Eras.” A level at which Ethash’s system for difficulty could render mining impractical for anyone to try. This poses a major risk in the protection and integrity of Ethash’s Ethereum blockchain.
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