Archive for the ‘Crypto Coins’ Category

Bitmain’s Equihash ASIC miners Z9 mini as well as Innosilicon’s A9 ZMaster are apparently being shipped and are getting into the hands of some users already. This essentially makes mining Equihash with GPUs pointless and not very profitable, so ZCash (ZEC) is already in the territory of ASIC miners, but not all of the crypto coins that used Equihash are going to just move from GPU mining to ASIC miners. Bitcoin Gold (BTG) for example is going to switch to a new proof of work algorithm they call Equihash-BTG which is essentially a modified version of the Equihash algorithm that will not be ASIC mineable.

Equihash-BTG is essentially going to fork to a modified version of the Equihash PoW algorithm with parameters that will require significantly more memory thus making ASIC miners harder to be made for it and no so efficient. We have already seen that with ASIC miners having a higher memory requirement makes it not impossible, but more like much less efficient performance wise if we consider as an example the Bitmain Antminer E3 ASIC miner for Ethereum’s Ethash algorithm. So Bitcoin Gold (BTC) will not become ASIC resistant forever with its algorithm change, but it will be safe for quite some time at least as we all know when there is an incentive (a lot of money involved) nothing can stop the ASIC miners.

The change of the PoW algorithm used by Bitcoin Gold will become active with a Hard Fork, though there is still no information or a planned block number or date when the fork will happen. So for the moment BTG is still using Equihash and can be mined using ASIC miners designed for this algorithm, but when it switches to the new algorithm it will be GPU mineable again and hopefully it will be still worth mining it by that time.

For more details about Bitcoin Gold’s new Equihash-BTG PoW algorithm…

It seems that Bitmain is not over with new releases of ASIC miners, this time however the release may be only for the Asian market (now available on the English website as well) in the form of the new Antminer B3 ASIC miner for Bytom (BTM). The new Bitmain Antminer B3 is supposed to offer 780 H/s mining hashrate with 360 Watts of power usage and cost about $2700 USD with shipments starting tomorrow for a limited number of units (2500 only). What is more interesting here is that Bytom (BTM) is just launching their main network later today and mining will be just starting, so having and ASIC miner ready for pretty much the start of a crypto coin is something new. Then again Bytom has listed Bitmain as one of their partners on the website of the project, so that may actually not be of a much surprise.

Update: The Bytom (BTM) main network has launched and the coin can be mined from within the Bytom wallet with CPU only for the moment, or by using any of the Bitmain B3 ASIC miners that are apparently already on the network, no GPU mining is possible for the moment as there are no AMD/Nvidia GPU miners currently available and with ASICs already available CPU mining might not be worth it and the same may go for GPU mining as well (depends on performance).

If you are interested in more information about the Bytom (BTM) project….

Back in September last year we have introduced to you the JSEcoin – Javascript Embeded Cryptocurrency for Webmasters, an interesting new project for web-based crypto currency mining targeted at webmasters for monetizing their traffic. It is a custom crypto currency project and not just another web-based CryptoNight miner like Coin Hive or GridCash. Since then a lot has happened and the project has continued its development and improvement, so if you have missed checking it out the last time, then you might want to give it a go now. Although it is originally intended fro webmasters to monetize their website traffic, the project also offer an option to self mine as well from within the browser, do note that both self mining and publisher mining have completely separate rewards.

While there is still no official exchange where the JSE coins are being traded, probably happening after the ICO, there are now merchant tools available for people to actually use JSEcoins as a means for payment for products or services online. Recently there have been some changes in the number of JSE tokens available and the total number to be issued with an increase of 200x of the number of tokens, the ones already held by users as well as the max cap. Mining rewards are also up of course, so you just get more coins, but the value should remain pretty much the same while JSEcoin is getting ready for an upcoming ICO where a maximum of 50% of the max total cap will be made available for sale. The ICO will be held later this year and we like projects that are running crowdsales of tokens when they already have a working service or product and not before that, so we are definitely going to continue watching this project as it develops.

For more details and to check out the current state of the JSEcoin (JSE) project…


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