Cryptocurrency

Cryptocurrency Beam - available miners, pools, calculators and exchanges

Against the background of universal madness with cryptocurrency GRIN, the recently launched mainnet cryptocurrency Beam remained a bit in the shadow. For mining the Beam uses a modified Equihash algorithm (150_5). Because of the much lesser fame, popular mining calculators have not yet added this currency, so some difficulties may arise in calculating the profitability of mining Beam. Running a little ahead, that now the mining Beam is on income at the level of GRIN or even slightly higher.

The following miners are suitable for mining:

Ann Veil cryptocurrency with a new level of anonymity with POW and POS mining

Immediately after the new year, on January 1, 2019, a new, rather interesting cryptocurrency VEIL was launched. From the introduced innovations, we can distinguish the new mining algorithm X16rt (modified X16r algorithm), which requires new mining software, which we will describe later. In addition to the classic POW mining added POS mining, in the proportion of 50 to 50. The hybrid mining model was established until January 1, 2020, after which only POS will remain. The main feature of the new cryptocurrency Veil is the complete anonymity of all transactions. To implement this feature, the experience of already known and most anonymous cryptocurrencies was adopted. The Zerocoin protocol was borrowed from Zcash, and RingCT ring transactions were borrowed from Monero plus Basecoin anonimyzer , and “open” transactions are completely excluded as implemented in Zcash.

Ann SUQA - cryptocurrency on the new X22i algorithm

After the development of ASICs for the Ethash, Cryptonight and Equihash algorithms, new "asyco-resistant" algorithms began to appear like mushrooms after the rain. One of these newcomers was the SUQA cryptocurrency with the support of the previously unknown X22i algorithm. As usual, the developers assure that this algorithm is well protected for mining on Asic, FPGA and quantum computers due to serious memory requirements, which, as we know, are not enough in such devices. In addition to the new POW mining algorithm, SUQA cryptocurrency can be noted for high transaction processing speed - up to 533 transactions per second. Only two miners are currently available for mining, and both of them only support Nvidia video cards.

BitCash (BITC) - the new interesting crypto-project

BitCash (BITC) - this is a new interesting cryptoproject that combines the power of Blockchain technology with the features of banking in order to create the most suitable for use by ordinary people crypto currency. The BitCash project combines the advantages of crypto currency (speed, confidentiality, decentralization, low commissions) with traditional phyto banking systems (transaction records, account names, electronic reports, integration with accounting software), which makes this project quite interesting for that , to monitor its further development.

Bitcoin Interest (BCI) and new mining algorithm ProgPow

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.

Merit - crypto currency with a new coin distribution algorithm

We recently got acquainted with the new original Merit project, which differs from others with its original idea in the method of mining the Merit coins. As you probably already know, there are two main types of mining: POW (proof of work) - confirmation of work execution or classic mining crypt ocurrency and POS (proof of stake) - acknowledgment for shares or mining due to the accumulation of crypto currency in purses. The Merit development team decided to add a small variety to this list by supplementing the classical method of POW mining by a new method of distributing the crypto currency according to the rating of the participant, which primarily depends on the number of active people he invited in this system. Let's take boldness and name it method Proof of Affiliate (POA).

The launch of Bitcoin Gold mining (BTG) is scheduled for November 12 (19:00 UTC)

The Bitcoin Gold development team (BTG) officially announced the launch time of the main network, (currently BTG is working on the test network). After the launch of the main network, it will be possible to extract coins and integrate it with exchanges.