Asicboost Mining Technology is a carefully ‘worked-out hoax or trick’. The expertise of Bitmain attracted a big storm in 2017. Most people, including Gregory Maxwell, Chief Technology Officer of Bitcoin, believe that Asicboost mining has a non-competitive feature; it took advantage of an error or weakness that had occurred within the Bitcoin’s mining system giving the company a huge upper hand against its competitors. Thus, this notes an important factor; Asicboost mining is just an upgraded version of an existing technology. This technology appeared in March 2016. Dr Timo Hanke was involved in its white paper as well as in its official patent together with Sergio Lerner.
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