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  • FOR IMMEDIATE RELEASE: 14th Nov 2018

    Asynx Launches New Bitcoin Cash Mining Pool.

    London, UK

    Today, the Research & Development consortium, Asynx, launched its first public Bitcoin Cash mining pool to the world. This comes just 5 weeks after releasing a new Bitcoin Cash full-node implementation, the mining software and blockchain ledger that helps power the Bitcoin Cash network. The research group, consisting of more than 60 academics from all over the world, is headed by Dr. Roy Murphy, who operates from his offices in both the UK and Cyprus.

    When interviewed about the new releases, Dr. Murphy stated, "To enable and grow the Bitcoin Cash network, the foundation for others to innovate upon must be set in stone. To achieve this we need to build the protocols, schemas, rulesets, libraries, APIs and services that will aid people from anywhere around the world to be able to develop any application they can dream of. As a computer scientist and enterprise architect, I understand that you have to get the fundamentals right before loading up the other layers. The base layer is the Bitcoin layer, the immutable economic system that drives the peer-to-peer electronic cash ledger, small world network and unbounded, predicate scripting language. Locking down the base protocol and ensuring the software can scale to being used by everyone on the planet, is our primary objective."

    "Locking down the base protocol and ensuring the software can scale to being used by everyone on the planet, is our primary objective."

    At the press release, held at London's Canary Wharf, Dr. Murphy was asked why releasing a public mining pool would help secure the protocol, to which he replied, "Many people, including many so-called 'Bitcoin experts' fail to understand the holistic nature Bitcoin; what it is, what it solves and what it can do. We have been repeatedly told that Bitcoin can't scale on-chain, with developers funded by outside organisations and miners, usurping hard facts with ulterior motives. This has to stop, and it has to stop now. It's isn't a developer sandbox for people to experiment with. Money needs stability and innovation should occur safely and lawfully by utilising the powerful predicate gifted to us by its creator, Satoshi Nakamoto."

    "Innovation occurs on-script, ensuring that the money layer, Bitcoin's killer app, can be here for future generations. If it keeps changing and forever being optimised and played around with, corporate investment will shy away as we introduce unnecessary risk; a risk only paid for by its investors. We need to enable utility for the internet of things, tokenisation that is standardised, safe, trusted and compliant. The first step was to test and build the node software that enables this, and a means for miners to secure the system, hence the mining pool."

    "Innovation occurs on-script, ensuring that the money layer, Bitcoin's killer app, can be here for future generations."

    Dr. Murphy was quizzed about the rift between warring developer groups, the possibility of a coin split and his stance on what is currently going on in the space, to which he replied, "There is no split. There is Bitcoin as defined in the whitepaper and there is everything else. Nakamoto consensus dictates that the longest chain is Bitcoin, the peer-to-peer electronic cash that defines the protocol. Over the years, developers have optimised to the annihilation of everything that made Bitcoin viable, where every other attempt before it had failed. Asynx has re-enabled all of Satoshi's opcodes, the scripts which create a total Turing machine that can do any computation you can imagine. Its a low level script that can be unwieldy to most people who don't understand. Unlike myself, most programmers can't read assembly code, the low level machine language computed by most of today's computers. Some developers write in higher level languages like .Net, Java, PhP and Ruby."

    "Many of the developers I've worked with over the last 25 years see in tunnel vision. What I mean by that is they are often blinded by their own blinkered thought processes and methodologies. My job as an enterprise architect is to understand the abstact and implement the best solutions to very strict standards, knowing intimate details of every single process. The groups we see today all mean well, but I see one trick ponies, jostling for the recognition of their peers. This isn't a social experiment and although open-source development is great for pooling minds and getting brain dumps of group thought processes, there isn't really any of these older teams focused on the big picture; the end goal."

    "There is no split. There is Bitcoin as defined in the whitepaper and there is everything else."

    When asked about who would be his biggest competition in the development space, he replied, "This isn't the space in which we wish to compete. Client nodes are plumbing, nothing more. Nothing is contentious about what we are doing. Some groups are trying to force contentious changes. I say there should be little change. When you reinstate all of the Satoshi scripting codes back, which were slowly depricated years ago because people didn't understand their use cases and game theoretic importance. When you remove all of the hard coded software limitations that we have now removed, very little else is needed. Our sofware base is a fork from the Bitcoin SV repository and they were mocked for raising the limits, even when they wanted to remove them completely. Others said they couldn't scale. Guess what, that implementation, the one we have chosen to fork as it was the best candidate by a country mile, just broke all previous records just two days ago. Both the most transactions ever in a block and the biggest public block ever created. We created 380GB blocks with a small variation of this software. We've tested to destruction all of the opposition and know exactly where their limitations are, mostly self imposed; the remainder, a poor architecture."

    "Asynx nodes are a means to an end. No more warring is required and reckless code changes will no longer be tolerated. Some people throw in the permissionless card. Sorry, I don't give you permission to mess about with my money. You have as much permission to change the internet protocol as you do Bitcoin. Code optimisations will be thoroughly tested prior to anyone giving the go ahead to do anything. If anyone doesn't like it, tough...go and make your own coin and enjoy your lack of required permission, bathe in your own greatness, make your own rules. Good luck to you."

    "What I am looking forward to however, is parallel development. Each independent team who work to very simple rules to make the best progress, that can be implemented and chosen on merit after significant testing. We don't need to come up with all of the answers, just keep up and outpace the other teams who are racing us to the finish line. Either way, Bitcoin wins. No more wars."

    "I just want to add, we believe in the Satoshi Vision rule set and we will vigorously defend this to be the original version of Bitcoin. I should know, I've been in this space longer than most. I first started mining Bitcoin on May 11th 2009. I have seen everything, nothing shocks me anymore. Asynx deliberately didn't put the word Bitcoin in its name as we represent what comes next, the world that will be built upon Bitcoin Cash. There is no money in node development, unless you are being paid like most to inject change for outside interests. We find this abhorrent, yet understand this will likely go on occurring as miners want to gain every cent from their mining investment. That's not our business model, we invest in the infrastructure now and help build new additional protocols later for other layers. Here, everything is up for grabs. May the best ideas and innovations win."

    "We are all more vigilant now, it is important that we give miners the power back to vote with their hashpower. There is almost no money in running a pool as it costs more money to operate than you get from fees. Again, this is another loss-leader for us but it is necessary to have support for the Satosh Vision protocol in order to move forward with the amazing projects we have coming up next year."

    "Client nodes are plumbing, nothing more. Nothing is contentious about what we are doing. Some groups are trying to force contentious changes."

    Dr. Murphy seemed to relish in answering all questions over the course of nearly two hours, managing to captivate his audience with a rhetoric that could only be described as one of pure technical competence and unwavering, professional candour. This is remarkably refreshing in this small and incestuous industry, yet, even as a self-professed geek, a twinkle of the eye, a wry smile and his razor sharp, quick witted humour shows that he knows how to have fun. It's obvious he's no stranger to public speaking either, as he fills the stage with vocabulary that leaves you feeling that you're two steps behind, only to step back and reiterate in terms that the non-technical can understand. Whether techno babble for nerds or plain english for the masses, his erudite stage presence bereft of any discernible dulcet tones is wonderfully captivating.

    The new pool has gone through many weeks of testing and is now live for anyone with a SHA256d ASIC miner (I was paying attention) to begin mining Bitcoin BCH which conforms with an uncapped and unlimited implementation of the SV protocol.

    Dr. Murphy states, "Miners will choose Asynx because its a stable, professional architecture with no upper limits. Non SV clients are stuck with limitations that in a few days time will create many orphaned blocks, whereby the miners won't be paid for their efforts and significnt investment. I guarantee you that over the coming weeks, blocks much larger than 32MB are coming and you want to get paid more for mining them, Asynx allows you the edge in competing with everyone else. Actually, it's a bit of an unfair advantage but Bitcoin was designed to be a capitalist economic system, so either keep up or get left behind. If you've been mining on pools running contentious software, the next few weeks could be either boom or bust for many people. Just make sure you have your Asynx account set up and ready to go, as you may decide to flip your hashpower to our pool when you realise what is happening elsewhere. The good thing is, now I'm happy. Miners have a choice. What they do from now doesn't impact us. We know a winning formula when we see one."

    "Miners will choose Asynx because its a stable, professional architecture with no upper limits."

    The new Asynx pool implements the favoured PPLNS method. PPLNS means that when a block is found, the block reward is shared among the last n shares that miners sent to the pool, up to when the block was found. When your miner sends shares to the pool, the shares are not stored individually, but rather summarised into 50 minute shifts. More information about the payout structure can be found here.

    In his final conclusion, when asked about the future of Asynx, came an insighful response. "Asynx embodies the disintermediation of data and tokenizes information in a tapestry of emergent consensus. Our future ledger solutions will radically simplify data protocols that allow legacy systems to migrate to the blockchain. This will empower all of humanity offering the very first global digital construct to safely and lawfully transact anything of value to anyone around the world, with no intermediary or third party."

    "Asynx embodies the disintermediation of data and tokenizes information in a tapestry of emergent consensus."

    It's clear that Asynx has the hallmark of great promise, especially if this presentation is anything to go by. Much of the rhetoric is pretty compelling to say the least. What is impressive is that Asynx, a newcomer to the arena has already processed public blocks up to 32MG in size without breaking a sweat, where others have already shown signs of difficulty keeping up, with over 460 Bitcoin Unlimited nodes breaking and falling off the network, just a few days ago, due to a planned stress test. The cause being attributed to poor memory management, bolstering Dr. Murphy's call to arms, with a rebel yell.

    The key to their continued success in the ongoing battle for supremacy, will lie in the miners who have free choice to use whatever service they prefer. With the hashpower now clearly on the side of Asynx and their SV compatible software, the future looks bright for this fledgling new startup that demonstrates attention to detail, nouse, market awareness and impeccable timing. The next few weeks will be very interesting to observe as the hash war battles on.