MinerGate team is glad to inform you that we intend to support the upcoming hard fork of the Monero (XMR) network. Scheduled on the block height of 1685555, the approximate date of the network update is October 18, 2018.
There are three major changes in the Monero protocol:
- A new form of range proofs, called Bulletproof, replacing old Borromean range proofs and significantly reducing both transactions size and fees (by approximately 80%);
- A PoW tweak to be implemented to curb any potential threat of ASICs and further preserve ASIC resistance;
- The minimum ring size of the ring signature is increased to 11 and will be static/fixed from now on.
The MinerGate team is ready to support these changes, like it was with the previous Monero (XMR) hard fork in April 2018. To continue mining XMR with MinerGate Monero mining pool on the newly updated blockchain, you will need to update your stable version of the mining software (not xFast Beta yet). The goal of our team is to provide users with a solid working solution to continue mining Monero after the fork, and the new XMR mining will be supported on the xFast versions soon.