Posts Tagged ‘CPU mining’

Protoshares (PTS) Alternative Cryptocurrency

25, Jan 2014

protoshares-pts-alternative-crypto

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.

Protoshares (PTS) mining pools:
http://ypool.net
http://pts.1gh.com/
http://ptsweb.beeeeer.org/
http://pts.rpool.net/
http://ptspool.com/

Protoshares (PTS) exchanges:
– Binance
– CoinEgg
– Gateio
– Crex

Primecoin (XPM) Alternative Cryptocurrency

10, Jan 2014

primecoin-logo

Primecoin (XPM) is a fairly new alternative cryptocurrency that introduces a new type of proof-of-work in peer-to-peer cryptocurrency designs based on searching for prime numbers. Up until now most alternative crypto currencies rely either on SHA-256 like Bitcoin or Scrypt like Litecon for their proof-of-work design and Primecoin brings something new and interesting on the table making it a potential contended for the third place in popularity among coins, though it is currently more like the last one in the top 10. Primecoin’s Prime Number Proof-of-Work has been designed less than a year ago by Sunny King who tried to make a new and interesting alternative crypto coin and he did very well. Primecoin is the first cryptocurrency on the market with non-hashcash proof-of-work, generating additional potential scientific value from the mining work. This research is meant to pave the way for other proof-of-work types with diverse scientific computing values to emerge.

What is interesting about Primecoin is that the currently available miners are only CPU-based, so there is room for improvement going to GPU and then to specialized hardware mining hardware. That is if Primecoin is to follow the path that Bitcoin has already paved and that Litecoin is already following. The fact that Primecoin (XPM) uses different proof-of-work method means that you are not able to mine it the same way as Bitcoin or Litecoin and if there are going to be ASIC miners made for Primecoin they are going to take some time. Not to mention the fact that at the moment you can combine Litecoin and Primecoin mining on a single system – the CPU will mine XPM and the GPU will mine LTC, good combination for some extra profit and full utilization of the hardware you might already have.

Primecoin (XPM) mining pools:
http://ypool.net
http://www.beeeeer.org/
http://candypool.net/
http://xpool.xram.co/

Primecoin (XPM) exchanges:
– CoinEgg
– Atomic Trade


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