Archive for the ‘Crypto Coins’ Category

New Renesis (RESS) Altcoin With New Mining Algorithm

1, Aug 2018

There is a new altcoin called Renesis (RESS) out there that comes with a new Renesis hash that mixes 8 already familiar different hashing algorithms in a more complex and secure mining algorithm. If you are looking for something new and different to mine, especially if you have Nvidia GPUs, that uses a new algorithm and miners respectively, then you might want to check out RESS. There is already a ccminer fork with Renesis support, only official Windows binary release for now (source). Experimental sgminer for AMD is also available, but not very good performance wise for the moment compared to Nvidia GPUs (source). You should be aware that the coin has a significant premine and it is really important how will that be used for the future development of the project…

– For more details about the Renesis (RESS) altcoin project check the announcement on Bitcointalk…

Bitcoin Gold’s New Equihash-BTG PoW Algorithm

13, Jun 2018

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…

Bitmain With New Antminer B3 Bytom (BTM) ASIC Miners

24, Apr 2018

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….


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