Solo mining used to be a thing in the dawn of cryptocurrencies. The popular cryptocurrencies that are based on it include Ethereum, Ethereum Classic, and Expanse. But the dagger was susceptible to pressure in shared memory hardware acceleration.ī] Hashimoto algorithm meant to attain ASIC resistance by being IO-bound.ĭagger Hashimoto’s hash rate is measured in Megahashes (MH/s). It is a combination of two currently used works.Ī] Dagger algorithm that comes as an alternative to the memory-intensive algorithms like Scrypt. Popular cryptocurrencies that are based on CryptoNight are Monero, Dashcoin, Bytecoin, FantomCoin, etc.Įthash Algorithm: Dagger Hashimoto is a proposed mining algorithm meant for Ethereum. CryptoNight hashrate is measured in Hashes (H/s). This is the Algo most of the privacy-focused coins use.
Some of the cryptocurrencies that use the X11 algorithm are Dash, StartCoin, CannabisCoin, XCurrency, etc.ĬryptoNight Algorithm: This algo was created with home miners in mind – it is designed to support mining on a personal computer CPU. The hashrate is measured in megahashes (MH/s). The XII algorithm runs a sequence of eleven hashing algorithms for PoW (Proof of Work). X 11 Algorithm: It is highly energy-efficient and the GPUs can run on 30% lesser wattage. Litecoin, Dogecoin, Latium, Bitmark are a few among several more that are based on the Scrypt algorithm. The hash rate is measured in kilohashes (KH/s).
You can mine on CPUs and GPUs using Scrypt. Scrypt Algorithm: This is a much faster Algo than the SHA-256 algorithm. Popular digital currencies that are based on SHA-256 include Bitcoin, Bitcoin Cash, Peercoin, Terracoin, JouleCoin, and several others. The block time in SHA-256 varies between 6 to 10 minutes and the hash rate is measured in Giga hashes (GH/s). SHA-256 Algorithm: Algo generates a unique 32-byte (256-bit) signature for text strings. A hashing algorithm is a cryptographic hash function that maps data of any random size to a hash of a fixed size.
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