Bitcoin Interest (BCI) and new mining algorithm ProgPow
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- Created: Thursday, 20 September 2018 02:27
A few days ago, Bitcoin Interest (BCI) fork successfully switched to the new mining algorithm ProgPow, becoming the first crypto currency on this mining algorithm. ProgPow is a proof-of-work algorithm designed to reduce the gap in mining efficiency with ASIC devices. A new mining algorithm will be advisable to use almost all types of equipment: GPU, CPU and ASIC. The goal of ProgPow is to ensure that the requirements for the algorithm meet the requirements of current GPUs, so if ASIC miners are developed for the new algorithm, their developers will have few opportunities to increase performance in comparison with traditional GPUs. All this means that most likely under ProgPow will not be developed ASIC devices, due to the lack of possibility to get much more performance when using ASIC-chips. This basically means that ProgPow should theoretically be really resistant to ASIC.
For more information, please go to official site Bitcoin Interest (BCI), and the miners may be interested in software supporting the new algorithm, BCI mining pools and calculator of mining profitability of Bitcoin Interest.
In addition, there is Blockchain-explorer for BCI, и repository Bictoin Interest on GitHub, where you can download the official purse. Currently BCI is traded on several crypto-exchange exchanges, includingBitFinex, Stocks.Exchange, HitBTC, Exrates и Trade Satoshi.
Software supporting the ProgPow algorithm for BCI mining:
Mining pools for BCI:
Hardware hashrates:
Algorithm ProgPow was developed for optimal performance when working with modern GPU models and tested on 6 popular video card models. The average performance of video cards on the ProgPow algorithm is shown below. Since this algorithm almost 100% uses the capabilities of modern GPU, the results reflect the relative performance of GPUs, which is similar to other gaming or graphics applications.
- AMD Radeon RX 580 = 9.4 MHS.
- AMD Radeon Vega 56 = 16.6 MHS.
- AMD Radeon Vega 64 = 18.7 MHS.
- NVIDIA Geforce GTX 1070Ti = 13.1 MHS.
- NVIDIA Geforce GTX 1080 = 14.9 MHS.
- NVIDIA Geforce GTX 1080Ti = 21.8 MHS.