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Asic Resistant Cryptocurrency List

List Of Cryptocurrencies

List Of Cryptocurrencies

This is a list of cryptocurrencies . The number of cryptocurrencies available over the internet as of 27 November 2017 [update] is over 1324 and growing. [1] A new cryptocurrency can be created at any time. By market capitalization, Bitcoin is currently (2017-08-19) the largest blockchain network, followed by Ethereum , Bitcoin Cash , Ripple and Litecoin . [2] This list is incomplete ; you can help by expanding it . The first decentralized ledger currency. Cryptocurrency with the most famous, popular, notable and highest market capitalization. The first cryptocurrency to use Scrypt as a hashing algorithm. Also acts as an alternative, decentralized DNS . First digital coin with theoretical value based on the work required to produce electricity. First block chain to support currency creation by interest paid on debt. Solidus Bond proto smart-contract. One of the first digital coins patented in the US. First block chain to support encrypted mail with attachments. The first cryptocurrency to use POW and POS functions. Omni is both digital currency and communications protocol built on top of the existing bitcoin block chain . Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts. Designed for peer to peer debt transfer. Not based on bitcoin. Created as an alternative to fiat currency in Iceland. Secures its network through a process called minting. First Proof of Capacity coin, First Smart Contract, First Atomic Cross Chain Transfer. Used American hip hop artist Kanye West as its mascot, abandoned after trademark lawsuit. A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. A private cryptocurrency with an instant untrace Continue reading >>

Monero Devs Follow Through On Threats To Upgrade Algorithm To Maintain Asic Resistance

Monero Devs Follow Through On Threats To Upgrade Algorithm To Maintain Asic Resistance

Monero Devs Follow Through On Threats To Upgrade Algorithm To Maintain ASIC Resistance Privacy-centric and ASIC-resistant Monero has released a PoW update scheduled for April to counter the new Bitmain Antminer. After Bitmains announcement earlier this month of their new ASIC -powered Antminer X3 designed to mine Monero , as well as other cryptocurrencies based on the CryptoNight algorithm, the altcoins developers have released an update that will prevent the new device from being effective, according to Monero core developer Riccardo Spagnis Github post from March 24. The new Monero update, called Lithium Luna, is scheduled for April and states that it slightly changes the proof-of-work algorithm to prevent DoS attacks by ASICs. When the Antminer X3 was added to Bitmains website on March 15, Spagni (@fluffypony) posted on Twitter that the device would NOT work on Monero. The privacy-centered, ASIC-resistant cryptocurrency had posted on their blog back in February that they would counter any crypto miner that threatened their ASIC-resistance by changing their Proof of Work (PoW). Spagnis original March 15 Twitter post has updated comments by the developer, who wrote on March 18 that any of the updates flaws are made up by preventing the effectiveness of the Antminer X3: It might entirely be less secure, but the community has made the hard call, and all we can do is see what happens. Its the same as Moneros tail emission - maybe that turns out to be unnecessary, or even net negative, but in the absence of strong evidence we must try our best. Continue reading >>

True Asic-proof Attack-resistant Cryptocurrency Design

True Asic-proof Attack-resistant Cryptocurrency Design

True ASIC-proof Attack-Resistant CryptoCurrency Design Some people in another thread thought this was an interesting idea, so I'm gonna expand on it a bit. Before I lose you when you see the wall of text, the basic idea is that the algorithm(s) hard-coded into cryptocurrences are hard-coded into the ASIC chips. If this algorithm dynamically changed in a non-predictable fashion, ASICs would be MUCH harder if not impossible to design, and would certainly, if designed, be orders of magnitude less efficient than their static counterparts. CryptoCurrency mining is essential. It's how the network continues. It creates blocks, which, to simplify, hold chunks of transactions, inputs and outputs that move money around. A currency is useless if you can't spend it. You can't spend current cryptos without putting the transaction into a block. You can't put the transaction inside a block if no one is making blocks. The trouble comes when people's ability to create blocks is abused. This can be done by a multitude of people in a variety of ways for many different reasons. Someone doesn't like a competing currency? A business that deals with monetary transactions doesn't like the system as they can't control it? A corrupt government wants to destroy free currency? They could execute a 51% attack, and rewrite the attacked parts of the chain. It's important to note that, given enough computational power, a knowledgeable person could rewrite the blockchain back to the latest client-hard-coded and network-accepted block. They would release new blocks at a higher difficulty than the original chain, and would 'fork' or replace blocks on the chain. 51% attacks involve a ton of computational power, and a ridiculous amount of electricity. However, for a large vested interest, they're certainl Continue reading >>

New Asic Miner | Beats The Asic Proof Design Of Cryptonight

New Asic Miner | Beats The Asic Proof Design Of Cryptonight

Mar 12, 2018 7712 Views Jose Antonio Lanz New ASIC miner announced for sale beats the Asic Proof design of many CryptoNight-based altcoins The world of technology never ceases to be astounding, and those who keep up with its innovations must always be on as there are often changes that leave us speechless. In fact, the world moves so fast that it would be strange not to encounter at least onerevolutionary announcement per week. The philosophy behind the development of cryptocurrencies is one of the reasons why several people decided to support and adopt their use (have you ever seen anyone criticize Ripple, Monero, Bitcoin Cash or Venezuelan Petro, just because?, or why ETC rivals so much with ETH?). In the case of consensus algorithms, developers visions of what their crypto-currency should be, often influence their decisions, beyond just saying screw it Ill just go with profitability!. The CryptoNight consensus algorithm was created to solve the rich get richer problem involving the use of traditional PoW algorithms (how many could afford a decent bitcoin mining rig four years ago, and how many can afford it now?). And it looks like they had it all figured out, creating a code that used a level of operations in memory far superior to that supported by traditional ASICS (if you are one of those tech geeks, an in-depth explanation can be found here ). However, in the early morning of March 11, 2018, the twitter of a small (and little-known) ASIC manufacturing company, announced something that could represent a landmark in the world of mining (let alone another new victory in hardware) the first ASIC miner designed explicitly for cryptos using the CryptoNight/CryptoNight-Light algorithm. While a few days ago there was a rumor that mining giant Bitmain would be developin Continue reading >>

Cryptocurrencies You Can Still Mine With Your Cpu/gpu In 2018

Cryptocurrencies You Can Still Mine With Your Cpu/gpu In 2018

> Cryptocurrencies you can still mine with your CPU/GPU in 2018 Cryptocurrencies you can still mine with your CPU/GPU in 2018 In 2018, there still exists some cryptocurrencies that you can mine with your CPU, or with a simple graphic card (GPU). The list includes coins that belong to the CryptoNote family and some other newer altcoins. Less than six years ago, most cryptocurrencies, including bitcoin, were mineable via PCs and inexpensive graphic processing units (GPUs). Interestingly enough, a Pentium4 PC was capable of mining more than 100 BTC back in 2010. Nevertheless, this has totally changed due to multiple factors, including the rise in network difficulty of most cryptocurrencies and the advent of complex ASIC miners. This rendered the vast majority of cryptocurrencies impossible to mine using a PC, a single graphics card, or GPU. However, as of today, there exists a number of altcoins that one can mine with a PC or with a single graphics card (GPU). Throughout this article, well review some of the most valuable coins that are still PC mineable, including some older coins that mostly belong to the CryptoNote family, and newer coins that have been launched during the past couple of years. (Note: Dont expect to make a fortune mining any altcoin with your PC or GPU, as you will mostly not be able to make more than a few cents per day. You can just test the waters by mining crypto this way, to just get acquainted with the overall process of mining. If you dont want to get involved in any technical jargon, you can use Minergates mining software. It is very simple just download the miner, install it, and run it to start mining instantly). Use our ICO list & rating system to discover the best ICOs to get involved with Bytecoin has never been hotter, as its price record Continue reading >>

Cryptocurrency Projects Aiming To Be Asic Resistant Have Little Success

Cryptocurrency Projects Aiming To Be Asic Resistant Have Little Success

Cryptocurrency Projects Aiming to be ASIC Resistant Have Little Success Just recently the Bitcoin Gold (BTG) developers announced the projects consensus algorithm Equihash was threatened in a blog post called A Response to the ASIC Threat. In the post, the BTG projects team members explain that they might change the cryptocurrencys current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. The firm Bitmain Technologies has once again produced a device that breaks the mold of digital currency networks that claim to be ASIC resistant. Also read: Researchers Find Bitcoin Network 3X More Evil Than the Public Internet The Bitcoin Gold Project Aimed to be a Better Bitcoin by Trying to Remain ASIC Resistant, but the Idea Failed Miserably With the Launch of the Z9 Mini Last year a project called Bitcoin Gold (BTG) forked the Bitcoin Core (BTC) protocol in hopes of creating a more fair and decentralized mining environment that would remain ASIC resistant. The BTG project basically cloned the BTC codebase (Segwit included), and changed the consensus algorithm from SHA-256 to the Equihash algorithm, a popular mechanism used by the digital asset zcash and others. This week the Bitcoin Gold development team wrote a blog post that detailed a new Equihash mining rig thats been released to the public threatens their dream of a one CPU one vote network. The mining rig manufacturer Bitmain has caused a stir throughout multiple cryptocurrency communities, by launching various miners this year that process algorithms most thought were ASIC resistant. The latest Antminer Z9 mini was announced on May 3 and costs $1,999 USD per unit and the machine processes an Equihash hashrate of about 10k Sol/s 5%. We are pleased to announce the Antminer Z9 mini, an ASIC miner to m Continue reading >>

Monero (xmr) Militantly Maintains Asic Resistance

Monero (xmr) Militantly Maintains Asic Resistance

Monero (XMR) Militantly Maintains ASIC Resistance March 28, 2018 By Adam Stone 1661Views 1Comment It may seem counter-intuitive to create an ASIC mining-rig specifically for a blockchain designed to resist such a device. Yet, that is exactly what Bitmain has done with their most recent Antminer hardware. They have alternately touted an ability to defeat Moneros ASIC resistance and the complete opposite. The confusing public relations campaign spurred Moneros development team to step in and make a few very clear statements. First and foremost, they reiterated that they will alter their blockchain software as necessary to maintain ASIC resistance. This is not the first controversy for Bitmains mining hardware business. The Beijing, China-based Bitcoin behemoth found itself embroiled in a scandal when the Antbleed protocol was found within their mining chips. Antbleed is a simple process that reports into Bitmain regularly and allows the central company to kill the associated mining hardware if they so desire. This is particularly nefarious given Bitmains status as one of the largest mining concerns in the world. Moneros vision is clear and consistent. They saw increasing centralization and failing privacy in the Bitcoin blockchain. As a result, they created a privacy coin that would obscure user transaction data, and resist large-scale mining. The stereotypical mining rig is a string of Graphics Processing Units or GPUs, but ASIC units have almost entirely replaced the traditional rigs. Application-specific integrated circuit units are hardware systems created for one purpose only. In mining rigs, their hardware is specifically for mining cryptocurrency. This creates an incredibly powerful miner when compared with previous generations. Banks of these ASIC mining rigs all Continue reading >>

Asic, Gpu, And Cpu Mining

Asic, Gpu, And Cpu Mining

Rather than a rehash (pun intended) of the advantages and disadvantages of Proof of Work versus Proof of stake , were here to break down how CPUs, GPUs, and ASICs all play a key role in the mining process. Understanding the hardware behind Proof of Work is essential for analyzing the sustainability and level of decentralization of different coins. Well go over the advantages and disadvantages of each hardware and how theyre relevant to the most popular cryptocurrencies and hard forks. An ASIC is an application specific integrated circuit. In the context of cryptocurrency, its a microchip specifically designed to execute a hashing algorithm as quickly as possible. Lets give you some perspective on how powerful these ASICS can be. A Bitcoin ASIC can calculate hashes 100,000 times faster than even the best CPU. ASICs are custom built for a single hash algorithm. Therefore, you would need to buy different ASICs for each coin that you wanted to mine. Currently, there are several companies, such as Bitmain and Canaan, that design ASICs. Due to their custom nature and niche application, a powerful ASIC isnt cheap. For high-end hash power, a single ASIC could run you $3000 . That ASIC might earn you 10 dollars profit in the first month. Though due to the constant arms race of acquiring hashing power, your profits would decrease each subsequent month. Heres a look at the increasing Bitcoin hash rate over the last year. Performing trillions of hashes per second come with some downsides. Due to the intensehashing, these ASICs give off some serious heat and require proper cooling. In order to cool the chips effectively, thats going to require fans and a lot of noise. Just take a listen. And with great power comes great electricity. These ASICs will cost you a significant amount of Continue reading >>

Are Asic-resistant Coins Booming? What To Mine In 2018

Are Asic-resistant Coins Booming? What To Mine In 2018

Download Wallet! Get the latest version of Ethereum Mist Wallet Here! Are ASIC-Resistant Coins Booming? What to Mine in 2018 Since the release of ASICs for Ethereum , most of us are looking for other coins to mine with our GPUs. Vitaliks reaction to the introduction of ETH ASICs didnt help either, which makes me believe that now its more important than ever to find a decent alternative to mine with our rigs. Bitmain and its competency are challenging everything and releasing ASICs for the most ASIC-hostile coins out there. First we had Dash the coin is based on the X11 algo that was intended to be quite resistant to ASICs (the X11 stands for 11 different algos chained together). It didnt last long though and now Dash GPU mining is long gone. After that, Bitmain has released an ASIC for Ethereum that has been advertised as ASIC-resistant too the memory-intensive algorithm should in theory make it hard for anyone to mine it with anything other than a GPU. Apparently, this didnt stop Bitmain either. While consumer level Ethereum ASICs dont hash 100 times more than a GPU, they cost way less and are way easier to set up and use. Does that mean that GPU mining is coming to an end? All of the above means that there is probably no static algorithm that could prove to be 100% ASIC-proof. Developers of coins such as Monero have come to the conclusion that the only way of dealing with ASICs is by regularly changing the hashing algorithm to render existing ASICs obsolete. Do that twice a year and your coin will remain pretty much ASIC-proof. Monero has forked recently and the results were amazing about 30% of the network hashrate is missing now after the fork. People attribute this to two main possibilities: broken botnets and Bitmain CryptoNight ASICs rendered obsolete for Monero Continue reading >>

What Makes A Cryptocurrency Coin/token Asic-resistant For Mining

What Makes A Cryptocurrency Coin/token Asic-resistant For Mining

Cryptocurrency What Makes A Cryptocurrency Coin/Token ASIC-Resistant For Mining What Makes A Cryptocurrency Coin/Token ASIC-Resistant For Mining An Application-Specific Integrated Circuit (ASIC) is an integrated circuit customized for a particular use, rather than intended for general purpose. Application-specific standard products (ASSPs) are intermediate between ASICs and industry standard integrated circuits. Most ASIC miners fall under the category of ASSPs. The advantages that ASICs give is that they are faster and more energy efficient in doing a particular task. Additionally, in the case of ASIC miners, they clear the marketplace for GPUs to be utilized in the task they were meant for, Gaming. However, the crypto community is divided on the consensus of this being a good thing or not. Skeptics say that ASIC miners lead to centralization of mining activities, which defeats the purpose of decentralized currencies. To encounter this problem many developers of coins are making their cryptocurrencies ASIC resistant. So, what does it mean for a coin or token to be ASIC-resistant? It means that there will be no significant speedup by implementing the algorithm in an ASIC, as compared to a CPU based implementation. The implementation of this usually requires a lot of memory which when converted on an ASIC, requires lots of physical area on the chip. These implementations derive their power from having many physically parallel and pipelined threads on a chip, each requiring a certain piece of chip real estate. Now, if an algorithm requires lots of real estate even for one step of the pipeline, there will not be any room left to actually parallelize or pipeline the algorithm. There are varying degrees of ASIC resistance. Some of the popular ASIC resistant coins are VTC, E Continue reading >>

10 Best Bitcoin Alternatives Profitable Cryptocurrencies Mining With Home Computers

10 Best Bitcoin Alternatives Profitable Cryptocurrencies Mining With Home Computers

Updated: December 9, 2017 / Home Bitcoin [ Buy Sell, Mine & Invest ] How to get BitCoin? Youll have to either invest in it by buying or build a rig to mine it. BitCoin may be the most popular digital currency but it is getting harder and harder to mine. Today, there are so called Professional Miners with dedicated hardware mining BitCoins, our average household computer doesnt have the computing power to compete, not even those with 3 SLi NVidia Graphic Cards. Because the entry barrier gets higher and higher as the pool of BitCoin available for mining shrinks. Dont Click 7 Bitcoin Exchange To Buy, Sell, Invest And Make Money With Bitcoin And Etherum For those still interested in Digital Currency, also known as Cryptocurrency [ Wikipedia ] , here are 10 alternative digital coins. They are easier to mine, however, the down side is these companies might cease to exist if their popularity wanes. Which is the biggest alternative digital currency? Here are the Top 100 Crypto-Currency Market Capitalizations . Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions. It allows you to keep your finances private as you make transactions without waits, similar to cash. PRIVATE Keep your payments private so nobody can track you thanks to Darksend. LOW FEES Much lower than banks or credit cards, often even free. INSTANT Payments are received instantly by the other party thanks to InstantX. PEER TO PEER Uses a decentralized network, so no centralized third party to trust. SECURE Advanced encryption and a 2-tier network for complete security. GLOBAL You can send money anywhere in the world. Safecoin is a digital token. It can be thought of as the oil in the engine of the SAFE Network, a built in way of ensuring that all users of the network are compe Continue reading >>

Asic Resistant Cryptocurrency 2018 Crypto Coins Atm List Widely Used In Japan

Asic Resistant Cryptocurrency 2018 Crypto Coins Atm List Widely Used In Japan

Asic Resistant Cryptocurrency 2018 Crypto Coins Atm List Widely Used In Japan It is also a lot more stable than Bitcoin, which enables users to use it to buy goods and services. If youre confused about crypto, then youre not. Learn more about Proof of work vs Proof of stake. Petar [ Reply ]. Despite it being more and more popular, for most of the population, it remains somewhat confusing and something that they dont engage. Leave a Reply Cancel reply Your email address will not be published. Sebastian [ Reply ]. Safecoins will be recycled when users exchange them for network services, ensuring there is always a supply for users to earn. Other exchanges include Upbit, Bittrex, and Livecoin also traded for Bitcoin. Brett [ Reply ]. An overview of the latest cryptocurrency news from the Cardano Vs Bitcoin Litecoin P2p Port crypto news sites. JD [ Reply ]. Adam James Bitcoin Boom: It has its own wallets for Linux, Supply Bitcoin Service How To Mine For Ethereum On Windows, Windows, and Android, all of which can be downloaded from the platform's main website. At the event, countries in the European Union came together to discuss how to join forces to do more on techno Lubomir Tassev Latvia Recognizes Cryptocurrencies in Order to Tax Them Trying to take its share of the profits, the government of Latvia may accept cryptocurrencies as a Asic Resistant Cryptocurrency 2018 Crypto Coins Atm List Widely Used In Japan means of exchange. The best altcoin is usually the one that has a low transaction time. Thinking about Monacoin, but want to look at other more dynamic options? The time that is taken to validate a transaction on the blockchain is yet another factor that differentiates a top altcoin from a mediocre one. The patent involves an invention that prov Most of these Hashfla Continue reading >>

Asic Resistance Explained What Does It Mean For A Coin To Be Asic Resistant?

Asic Resistance Explained What Does It Mean For A Coin To Be Asic Resistant?

Facebook Twitter Google+ LinkedIn Pinterest Reddit The key mechanism that lies behind Bitcoin , Ethereum , Litecoin or basically any Cryptocurrency is Blockchain. The whole idea of Blockchain is that it is completely decentralized, meaning there is no centralized power to control anything. All transactions are recorded in a public ledger known as Blockchain and all transactions are verified by so called miners who solve the blocks using their computational power. For such technology the danger of hacking the network and rewriting the values only emerges when a hostile force takes over more than 50% of the hashing power. Until unless the system is completely decentralized there wont be a single point of vulnerability. ASIC Machine Centralization of crypto mining? You may now ask how ASIC machine is linked to this subject? The history of crypto currency mining began with Bitcoin SHA256 algorithm. Followed by Litecoin Scrypt algorithm, then came X11 algo for Dash and Ethash for Ethereum. The main reason for change in different algorithm is to resist purpose build hardwares like ASICs (Application Specific Integrated Circuits) and FPGAs (Field Programmable Gate Arrays). The original vision of Satoshi is that everyone should fairly contribute to the Bitcoin network so it remains distributed and decentralized. During the early stages there were only CPU and GPU miners mining and supporting Bitcoin. As the value of Bitcoin raised ASICs entered dominating the entire network making normal miners impossible to mine Bitcoin using their consumer grade hardware. These ASIC machines are developed by a few top Chinese companies which not only dominating the network but also taking all the power from small miners. This seriously lead to a threat of centralized mining hence the result Continue reading >>

An Introduction To Vertcoin: An Asic Resistant Cryptocurrency

An Introduction To Vertcoin: An Asic Resistant Cryptocurrency

An Introduction to Vertcoin: an ASIC resistant cryptocurrency Vertcoin is a Proof-of-Work (PoW) cryptocurrency originally created on January 2014, as a masters project by a group of students. Just like Bitcoin and Litecoin, it is a peer to peer cryptocurrency of which many of the features are the same. The main difference between Vertcoin and the other coins is that it is heavily focused towards being resistant to ASICs (powerful computers that can mine cryptocurrency rapidly), and decentralization. It is also designed to be easy to use and get into. Bitcoin uses the SHA-256 hashing algorithm, which has now been around for many years and the algorithm hasnt been changed since its genesis. This means that large hardware companies have created ASICs in order to mine at a very high rate compared to those who mine with their GPUs (graphics cards) and CPUs (processors) at home. As a result of this, the cryptocurrencys difficulty increases and means that GPU mining isnt profitable for many people. Therefore, people stop mining and the large companies control a lot of the hash power. A large amount of hashing power in the control of one entity can mean the network isnt decentralized and therefore create 51% attacks. Learn more about 51% attacks here . If a cryptocurrency is ASIC resistant, the hashing power is more even between its users as they can mine for themselves and this in turn creates a decentralised network. How does Vertcoin achieve ASIC resistance? A question you may be asking at this point is How does Vertcoin achieve ASIC resistance? or Surely an ASIC wouldve been created for it by now?. The truth is that no hashing algorithm can be truly ASIC resistant, and an ASIC was created for VTC at one point. In the past, Vertcoin used the Scrypt-Adaptive-N algorithm for Continue reading >>

Asic Resistant Coin List. : Cryptocurrency

Asic Resistant Coin List. : Cryptocurrency

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