RSS

Blog posts tagged with 'cryptonight'

Popular Mining Algorithms

Mining Algorithm

Mining algorithm is refer to the algorithm of blackchain. When you mine a coin, you need to use the right algorithm to mine. There are many many algorithms on the market right now. Some algorithms are only mining with CPU, some are for both CPU and GPU., some are for CPU, GPU and ASIC. However, if there is ASIC exist on that algorithm, CPU and GPU mining is pretty much useless on that algorithm.

I will go over some popular GPU algorithms and ASIC algorithms since those where is the real mining money in.

GPU Algorithm (CPU can mine but not so recommended)

Etash (Dagger)
Popular coin Ethereum ETH is one of big name using this algorithm. DAG epoch file size will increase time by time. If the DAG size is bigger than your GPU memory size. Your GPU will become useless on that coin.

The coin list use Etash
Ethereum (ETH)
Ethereum Classic (ETC)
Expanse (EXP)
Musicoin (MUSIC)
Ubiq (UBQ)
Pirl (PIRL)

Cryptonight
Popular coin Menoro XMR is one of big name using this algorithm. It is also CPU minable alog.

The coin list use Cryptonight
Monero (XMR)
Electroneum (ETN)
Sumokoin (SUMO)
Bytecoin (BCN)
Karbowanec (KRB)
Boolberry (BBR)
Dashcoin (DSH)
DigitalNote (XDN)
DarkNetCoin (DNC)

Equihash
Popular coin Zcash is one of big name using this algorithm. Some Nvidia GPU has better performance on this algorithm.

The coin list use Equihash
Zcash (ZEC)
Zclassic (ZCL)
Zencash (ZEN)
Hush (HUSH)
Komodo (KMD)

ASIC Algorithm (CPU & GPU can also mine but do NOT waste your time)

SHA-256
Popular coin Bitcoin is one them using this algorithm.

The coin list use SHA-256
Bitcoin (BTC)
BitcoinCash (BCH)
Deutsche eMark (DEM)
DGB-SHA (DGB)
Mazacoin (MZC)
Peercoin (PPC)

Scrypt
Popular coin Litecoin is one them using this algorithm.

The coin list use scrypt
Litecoin (LTC)
GameCredits (GAME)
Pinkcoin (PINK)
Linx (LINX)
Einsteinium (EMC2)
Worldcoin (WDC)
Dogecoin (DOGE)

X11
Popular coin Dash is one them using this algorithm.

The coin list use X11
Dash (DASH)
CannabisCoin (CANN)
DigitalpriceClassic (DPC)
Influxcoin (INFX)
StartCoin (START)
MonetaryUnit (MUE)
Karmacoin (Karma)
XCurrency (XC)

PIRL & Electroneum 2 new coins to mine (Great potential)

Bitbitminer is recommending 2 new coins to mine, undervalued as today 11/21/2017.

PIRL (PIRL)

https://pirl.io/

Algorithm: Ethash

Launch Date: 2017/10/01

DAG still low, you will get a lot higher hashrate than ETH with some GPU will only 3GB or 2GB.

For excample, Radeon 7970 mining ETH only 11Mh/s, but mining PIRL has 24Mh/s. Buy GPU here.

According to http://www.whattomine.com, PIRL earn is pretty much the same as ETH, which is so great

Still young coin, great potential to increase value.

ASIC resistant, only GPU and CPU can mine

NO ICO

Pool suggestion, I only suggest this pool for PIRL

http://pirl.minerpool.net/ -- 1% fee

Electroneum (ETN)

https://electroneum.com/

Algorithm: CryptoNight

Launch Date: 2017/11/01

A company from UK, seems reliable company

One of the most successful ICO

Become top 30 of coin in term of market cap at the time of launch

Very impressive idea, mobile mining with profit

Price drop from top of $0.18USD to right now as 2017/11/21 low of $0.029USD

The wallet has been totally shutted down due to hackers attack, but we see great opportunity here

Once the wallet turns on again, I see the coin price will rise again. So, it's time to mine

Pool suggestions, I have 2 pools to suggest

http://us-etn-stats.hashparty.io/ -- 2% fee, reliable, great hash rate conversion, 2% is great worth

http://pool.electroneum.space/ -- 0.5% fee, if you think 2% is too much, this is the second best and this is my backup

 

Happy Mining!