Siacoin (SC) Still Threatened by Hard Fork Favoring Obelisk Miners

Siacoin (SC) is still awaiting a clear decision on a hard fork to disable a large part of the ASIC on the network, to the benefit of owners of Obelisk machines. Obelisk, an alternative to Bitmain, produces ASIC for Decred (DCR) and Siacoin’s network, and is connected to a rather vocal minority within the Siacoin community.

The contentious hard fork has been discussed for months, without a clear decision or a tentative date. But a part of the community fears that favoring Obelisk would destroy the Siacoin project:

“If a fork does happen creating an Obelisk monopoly, Siacoin is doomed and the forks of Sia will surpass it in every metric. You think the bubble pop was a crash? Just wait until you brick all of the current ASICs securing the network,” wrote Redditor MasterD3v.

The Obelisk company was founded by David Vorick, the creator of Siacoin. However, the delivery of rigs was delayed in July, in effect making the idea of a hard fork moot. Siacoin is still mined by a mix of ASICs by other producers. Shipping only began on August 26, which reignited the potential for a fork:

https://twitter.com/ObeliskTechHQ/status/1033751428471435264

The potential reason for the fork is to give a mining advantage to the buyers of the Obelisk rigs, which now have to compete at a higher difficulty. If there is a fork, the Obelisk buyers would get a bonus in mining. However, this would turn Siacoin into a centralized project controlled by one mining producer.

Тhe crypto community still wonders what the fate of Siacoin will be:

https://twitter.com/realAdamR/status/1044017163072417793

In the past day, SC market prices went through a short-term growth phase, rising from $0.005 to the $0.007 level. SC peaked on September 23 at $0.007361, only to slide later toward $0.006.

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