All About BTC, LTC, ETH mining as well as other alternative crypto currencies
ProtoShares (PTS) now called Bitshares-PTS is an alternative cryptocoin that uses a new Momentum Proof of Work (POW) algorithm that is designed to be GPU and ASIC resistant, so you can only mine them for now by using the processor (CPU). There was even a $5000 USD bounty set by the developers of PTS for anyone who can prove it is vulnerable to GPUs or ASICs, so it is only CPU mining for quite a while for these. However there are already a few implementations taking advantage of Nvidia’s CUDA architecture as well as for OpenCL for AMD GPUs, though we have not yet tested these.
THe idea to use CPUs for mining is a good one if you are already mining with GPUs for scrypt-based coins and want to be able to fully utilize your mining hardware since the load on the CPU is minimal when mining LTC or other scrypt altcoins. When talking about CPU mining the first alternative crypto that comes to mind is the Primecoin and then the Protoshares, we’ve already tested what you can expect from a day of mining XPM and we are soon going to report on our 24 hour PTS mining results. Just don’t expect to have too high profit from PTS mining at the moment, it is just some extra that you can get out of the hardware you probably already own.