- Wu alleged that certain individuals involved in the ProgPow proposal directly report to the CEO of NVIDIA (NASDAQ:NVDA).
- Wu also argued that ASIC miners are more capable of making a blockchain network safe than GPU hardware.
Jihan Wu, co-founder of crypto mining giant Bitmain believes that ASIC miners will make blockchain networks like Ethereum more decentralized. Speaking at a keynote during a blockchain event in Chongqing, China, on Wednesday, Wu to cast doubts on Ethereum’s ProgPow upgrade. The ProgPOW or Progressive (NYSE:PGR) Proof-of-Work upgrade will give more emphasis to GPU mining than ASIC mining. Wu said: