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Source: https://bullminers.eu/feed/

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<title>Cryptocurrency 101</title>
<link>https://bullminers.eu/cryptocurrency-101/?utm_source=rss&utm_medium=rss&utm_campaign=cryptocurrency-101</link>
<comments>https://bullminers.eu/cryptocurrency-101/#respond</comments>
<dc:creator><![CDATA[]]></dc:creator>
<pubDate>Fri, 25 Dec 2020 17:49:00 +0000</pubDate>
<category><![CDATA[Bull Miner Guide]]></category>
<guid isPermaLink="false">https://bullminers.eu/?p=7105</guid>
<description><![CDATA[Curious about cryptocurrency? Discover how this revolutionary digital token harnesses the power of cryptography, peer-to-peer networking, and decentralization. Explore the concept of proof-of-work and its impact on the world of finance. Unveil the secrets behind this cutting-edge technology and its potential for transforming the future of transactions. Dive into the world of cryptocurrency and unlock a world of possibilities!
The post <a rel="nofollow" href="https://bullminers.eu/cryptocurrency-101/">Cryptocurrency 101</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
]]></description>
<content:encoded><![CDATA[
What is cryptocurrency?
Cryptocurrency is a digital token that uses cryptography for chaining together digital signatures of token transfers, peer-to-peer networking between users directly and decentralization.  In some cases the proof-of-work scheme is used to create and manage the currency.  These systems work without a central repository or single administrator.
Transactions using cryptocurrencies between users are verified by a network of nodes and recorded in a public distributed ledger called a blockchain by a process known as mining.  Cryptocurrencies are created only as a reward for the payment processing work called mining.
These transactions are only reversible through an additional transaction that is also documented.
*Blockchain is a public anonymous ledger that continuously records every cryptocurrency transaction and is verified through anonymous parties.
*Blockchain for Business is a blockchain built with the ability to allow you to exchange anything of value, whether it be a house or car, documents, videos and photos.  It is also a private interaction between invited members with the correct permissions who may participate in the exchanges that are run on smart contracts, business logic imbedded in the network to reduce disputes and increase trust between parties involved.  Also in blockchain for business you may regulate who verifies the transactions and exchanges.
What is Bitcoin?
Bitcoin is the first open-source decentralized virtual currency. Developed in 2009 with the highest market capital, it uses peer-to-peer technology to operate without a central authority or banking institution. It manages transactions which issue Bitcoin, also known as mining, using the collective network. No one person or organization has total control over the entire network. The price of BTC or Bitcoin is determined by supply and demand. If the demand increases so does the value.
How are transactions processed and verified?
A transaction consists of transferred value between two cryptocurrency wallets through a blockchain.  Each wallet has a private key or seed that is used to sign transactions which provides the mathematical proof that it came from the correct owner of the wallet.
When one user initiates a transaction, the user designates each address and the amount of cryptocurrency being transferred.  Users may transfer amounts to multiple addresses in one transaction.
Once the transaction is initiated, miners process those transactions.  Paying a fee is optional by the user to those miners processing and verifying the transaction, but transactions with a higher fee will be prioritized.
What is mining?
Mining is a service done through the use of computer processing power.  Miners are the record-keepers that maintain the blockchain by consistently verifying and collecting newly broadcasted transactions through different hashing algorithms (depending on which cryptocurrency it is mining) into a group called a block.  Each block created is attached with the previous block by containing the previous block’s cryptographic hash, thus creating a blockchain.
How or where can I purchase a crypto currency?
Bitcoin, Litecoin, Ethereum and any cryptocurrency can be purchased using your credit/debit card, wire transfer or PayPal/Skrill from any exchange available online.  Many exchanges have apps that process those transactions and even downloadable apps that act as your cryptocurrency wallet.  Make sure to purchase through a reputable exchange.
You may also purchase cryptocurrencies from another user through a blockchain.
There are over 700 variations of cryptocurrencies but the top 10 in order of Market Cap are:
<ol class="wp-block-list"><li>Bitcoin</li><li>Ethereum</li><li>Bitcoin Cash</li><li>Ripple</li><li>Dash</li><li>Litecoin</li><li>IOTA</li><li>NEO</li><li>Monero</li><li>NEM</li></ol>
So what can cryptocurrencies do for me?
With cryptocurrencies like Bitcoin you can make transactions of value anonymously (if you choose) without paying a bank transaction or monthly fee essentially lowering that cost for buyers and sellers and without concern for currency conversion.   This makes cryptocurrencies efficient and almost instantaneous where transaction confirmations are received anywhere in the world within 10 minutes typically, and transactions can’t be reversed once made.
There are also platforms that you can use to trade, lend and invest Bitcoin and various cryptocurrencies to create daily percentage profits.
Many companies are now accepting cryptocurrencies for services, goods and almost anything of value.
The post <a rel="nofollow" href="https://bullminers.eu/cryptocurrency-101/">Cryptocurrency 101</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
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<item>
<title>How to setup a controller?</title>
<link>https://bullminers.eu/how-to-setup-a-controller/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-setup-a-controller</link>
<comments>https://bullminers.eu/how-to-setup-a-controller/#respond</comments>
<dc:creator><![CDATA[]]></dc:creator>
<pubDate>Mon, 20 Jul 2020 18:09:00 +0000</pubDate>
<category><![CDATA[Bull Miner Guide]]></category>
<guid isPermaLink="false">https://bullminers.eu/?p=7126</guid>
<description><![CDATA[This guide is designed for users of the AvalonMiner 741, AvalonMiner 721 and AvalonMiner Controller including Raspberry Pi 1, 2, and 3.
The post <a rel="nofollow" href="https://bullminers.eu/how-to-setup-a-controller/">How to setup a controller?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
]]></description>
<content:encoded><![CDATA[
 This guide is designed for users of the AvalonMiner 741, AvalonMiner 721 and <a href="https://bullminers.eu/product/canaan-avalon-a1166pro-miner-81th-42w/">AvalonMiner Controller</a> including Raspberry Pi 1, 2, and 3.
We use the AvalonMiner Controller’s Firmware flashed onto a Raspberry Pi to be used as a controller which allows users to manage through a graphical user interface via the controller, multiple AvalonMiner 741 and 721 devices. One AvalonMiner Controller may manage up to 20 AvalonMiner 721 or 741 devices. The Controller interface makes managing and debugging multiple Avalon units much easier.
This brief tutorial explains how to load the AvalonMiner Controller’s Firemware into the memory card of a Raspberry Pi to complete the initial setup of the controller, and then set the controller configuration to a usable state.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/canaan-a741-808-raw-1080.jpg" alt=""/></figure>
Flash AvalonMiner Controller’s Firmware
Ready to Work
You need the following items to begin.
1. AvalonMiner Controller’s Firmware supports the following types of Raspberry Pi:<a href="https://bullminers.eu/product/canaan-avalon-a1166pro-miner-81th-42w/">AvalonMiner Controller</a>
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/avalonminer.jpg" alt=""/></figure>
Raspberry Pi 1 Model B Raspberry Pi 2 Model B Raspberry Pi 3 Model B
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/rpi.jpg" alt=""/></figure>
Raspberry Pi 1 Model B (2 USB ports)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/rpi-2.jpg" alt=""/></figure>
Raspberry Pi 2 Model B （4 USB ports)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/rpi3.jpg" alt=""/></figure>
Raspberry Pi 3 Model B (4 USB ports)
2. A minimum capacity of 4GB memory card is required. There is no requirement for brands, speed rating is recommended for Class 10. (Please be select type of memory card based upon your selected Raspberry Pi model)
<ul class="wp-block-list">
<li>Raspberry Pi 1 Model B using a SD card</li>
<li>Raspberry Pi 2 Model B using a Micro SD card</li>
<li>Raspberry Pi 3 Model B using a Micro SD card</li>
<li>AvalonMiner Controller using a Micro SD card</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/sd-card.jpg" alt=""/></figure>
SD Card
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/micro-card.jpg" alt=""/></figure>
Micro SD
3. We need an SD card reader. Select the type of reader depending on the type of memory card you choose. If you are using a computer with an SD card or Micro SD card slot, you still might need to prepare an external reader.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/reader.jpg" alt=""/></figure>
The reader supports both SD card and Micro SD card
4. Depending on your Raspberry Pi model, select the firmware version.
<ul class="wp-block-list">
<li>Raspberry Pi 1 Model B Firmware:</li>
<li><a href="https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi1-modelb/openwrt-brcm2708-bcm2708-rpi-ext4-sdcard.img" target="_blank" rel="noopener">https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi1-modelb/openwrt-brcm2708-bcm2708-rpi-ext4-sdcard.img</a></li>
<li>Raspberry Pi 2 Model B Firmware:</li>
<li><a href="https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi2-modelb/openwrt-brcm2708-bcm2709-rpi-2-ext4-sdcard.img" target="_blank" rel="noopener">https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi2-modelb/openwrt-brcm2708-bcm2709-rpi-2-ext4-sdcard.img</a></li>
<li>Raspberry Pi 3 Model B Firmware:</li>
<li><a href="https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi3-modelb/openwrt-brcm2708-bcm2710-rpi-3-ext4-sdcard.img" target="_blank" rel="noopener">https://canaan.io/downloads/software/avalon7/openwrt/latest/rpi3-modelb/openwrt-brcm2708-bcm2710-rpi-3-ext4-sdcard.img</a></li>
</ul>
5. Install the burning software on the computer, for example on Windows: Download link: <a href="https://sourceforge.net/projects/win32diskimager/" target="_blank" rel="noreferrer noopener">https://sourceforge.net/projects/win32diskimager/</a>
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/win32-disk-imager.png" alt=""/></figure>
Win32 disk imager
Began to burn
1.Insert the memory card into the reader, or into your internal computer card reader.
2.The card reader connected to the computer (if you are using a computer that comes with a card reader, please ignore this step)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/reader.jpg" alt=""/></figure>
3.Open Win32 Disk Imager
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/burn-3.png" alt=""/></figure>
4. Select the memory card image that you need to burn.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/burn-4.png" alt=""/></figure>
5. Locate and select your downloaded Raspberry Pi Firmware, and then click Open.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/burn-5.png" alt=""/></figure>
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/b-5.2.png" alt=""/></figure>
6. Click Write, and then click Yes, to start writing your image.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/burn-6.png" alt=""/></figure>
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/burn-6.2.png" alt=""/></figure>
7. Wait for the process to complete.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/b7.png" alt=""/></figure>
8. When the following message is displayed, your program was successfully written.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/b8.png" alt=""/></figure>
Click the Exit.
9. If all is well and you followed the steps, the controller is initially completed.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/avalonminer.jpg" alt=""/></figure>
Configuration Controller
1. In case of Raspberry Pi 3 Model B. Connect the power to the controller, and make sure the controller and computer is configured to be connected to the same network. (Also can use the controller and the computer network cable connected directly)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c1.png" alt=""/></figure>
2. The default IP for the controller is 192.168.0.100. The IP address of the computer needs to be adjusted access to the controller.)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c2.png" alt=""/></figure>
3. Use your browser to access “192.168.0.100”, and you will see the following login screen.
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c3.png" alt=""/></figure>
4. There is initially no password, so you can enter after click Login Overview screen.)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c4.png" alt=""/></figure>
5. You can click Configuration to configure your ore miners and see your pool information. For example, you can set up three pools and corresponding ore miners with the default execution priority pool1> pool2> pool3.)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c5.png" alt=""/></figure>
6. If you need to change the network settings for the controller, click on Network to configure, click Save & Apply, and then power down your unit, and manually restart the controller.)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c6.png" alt=""/></figure>
7. After the configuration, Change your computer back to the automatic acquisition of IP.
8. If the controller is properly connected to the Internet, you will see mining pools and miners setup such as AvalonMiner 741 and 721. As long as they are correctly connected via AvalonMiner USB Converter to this controller, you will see them on the overview page and see relevant information on these devices.)
<figure class="wp-block-image"><img decoding="async" src="https://blokforge.com/wp-content/uploads/2017/11/c8.png" alt=""/></figure>
The post <a rel="nofollow" href="https://bullminers.eu/how-to-setup-a-controller/">How to setup a controller?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
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<title>How to choose best mining rig?</title>
<link>https://bullminers.eu/how-to-choose-best-mining-rig/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-choose-best-mining-rig</link>
<comments>https://bullminers.eu/how-to-choose-best-mining-rig/#respond</comments>
<dc:creator><![CDATA[]]></dc:creator>
<pubDate>Sun, 05 Apr 2020 18:03:00 +0000</pubDate>
<category><![CDATA[Bull Miner Guide]]></category>
<guid isPermaLink="false">https://bullminers.eu/?p=7121</guid>
<description><![CDATA[Introduction If you’re going to be a cryptocurrency miner, the hardware you use is probably the most crucial piece of
The post <a rel="nofollow" href="https://bullminers.eu/how-to-choose-best-mining-rig/">How to choose best mining rig?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
]]></description>
<content:encoded><![CDATA[
Introduction
If you’re going to be a cryptocurrency miner, the hardware you use is probably the most crucial piece of the puzzle. Without the right mining gear, you can end up burning electricity to no effect.
Cryptocurrency mining has come a long way since its flagship implementation in Bitcoin. The practice advanced as GPUs were found to be more efficient than a CPU at the repetitive task of calculating hash values. Similarly, using GPUs to push massive amounts of data through machine learning algorithms led to breakthroughs in ML\AI, and resulted in the technique known as Deep Learning.
Today, the most powerful way to mine cryptocurrency is with an Application-Specific Integrated Circuit(ASIC). The CPU is designed to be useful for a variety of tasks, and not as fast as specific repetitive tasks as the GPU. ASIC takes this specialization even further. These units are made to operate on only one specific function, which allows them to perform incredibly well at that task. The downside is that they are entirely useless for any other purpose. Their efficiency is so great that it becomes nearly impossible to earn anything with a GPU based rig, once an ASIC is released for an algorithm.
The Right Hardware for You
When deciding between the different models of miners, there are two essential qualities that you’ll need to keep in mind. Hash Rate and Energy Consumption. Hash rate is the number of calculations that your chip can perform every second. The higher your hash rate, the better chance you have of solving the cryptographic challenge, and collecting a block reward.
Energy consumption is also essential to consider. To calculate how much a unit will cost you in electricity, multiply the number of watts it uses with the number of hours you plan to use it in a day. Take that number, divide it by 1000, and you’ve got your kilowatt hours for the day. Next, you can pull up your electricity bill and find out how much you are charged per kilowatt hour(kWh). Multiply your electric rate with your kilowatt hours, and you know your energy costs for the day.
Mining Algorithm
Another critical consideration is the algorithm you’ll be working on. As we mentioned before, ASIC miners are made to perform one task, and one task only. More of them are being developed for different algorithms all of the time. Bitmain leads the pack in the number of algorithms they’ve released ASICs for. They have units available for SHA-256, Scrypt, X11, Blake(2b), CryptoNight, Equihash, and one for Ethash is coming soon.
Currently, we carry ASIC units serving five different algorithms: SHA-256, Scrypt, X11, Blake(2b), and Tensority.
SHA-256
The original cryptocurrency hash algorithm is Bitcoin’s SHA-256. The ASICs we carry for mining this algorithm are <a href="https://bullminers.eu/product/canaan-avalon-miner-1246-85th/">Avalon 1246</a>, <a href="https://bullminers.eu/product/antminer-z15/">ANTMINER Z15</a>, and the <a href="https://bullminers.eu/product/bitmain-antminer-b7-96kh-s/">Antminer B7</a> Series. Besides Bitcoin, this algorithm can be used for mining a number of other coins, including:
BitcoinCash (BCH) DigiByte (DGB) Peercoin (PPC) Universal (UNIT) Deutsche eMark(DEM) Bytecoin (BTE)
Scrypt
Litecoin popularized using the Scrypt algorithm for cryptocurrency in 2011, and Dogecoin adopted it in 2013. Currently, we stock the <a href="https://bullminers.eu/product/bitmain-antminer-l3-504mh-s/">Antminer L3+</a> for Scrypt mining. Besides Litecoin and Dogecoin, Scrypt is also in use by the following coins and others:
GameCredits (GAME) DigiByte (DGB) Gulden(NLG) Aricoin (ARI) Linx (LINX) Florin (FLO) Einsteinium (EMC2) Verge (XVG)
X11
The X11 uses 11 different algorithms, hashes incredibly fast, and requires less processing power compared to other popular algorithms. We carry the Antminer D3 for mining X11 cryptocurrencies, including:
Dash (DASH) Cannabiscoin (CANN) Monoeci (XMCC) Paccoin ($PAC) MonetaryUnit (MUE) Prime-XI (PXI)
Blake (2B)
The Antminer A3 performing the Blake (2b) algorithm is currently only useful for mining SiaCoin. Sia produces their own ASIC as well, and when Bitmain released the Antminer A3 there was some talk of a soft fork to invalidate it. That talk has passed, however, and the Sia team decided not to change the algorithm. In part, this choice was to avoid having a monopolistic hold on ASIC production.
Tensority
The Bitmain Antminer B3 is the only miner available for Bytom cryptocurrency. This is the first mining algorithm which was made to be useful for more than just cryptocurrency. The Tensority algorithm it performs can also be used in AI deep learning. The fact that it can be used for something besides cryptocurrency is very exciting and offers additional benefit for the mining hardware. The Bytom team is very active and posts weekly updates on their progress. There are a number of reasons to suspect that this project is vastly undervalued.
Comparing Efficiency Between Different Miners
It’s important to keep in mind that the different algorithms hash at different rates. For example, Litecoin hashing is measured in MH/s where bitcoin hashing is measured in TH/s. So you can only compare rates among units that work on the same algorithm. To do so, you need to compare energy costs with the hash ratio. The simplest way to do that is by using the handy calculator at <a href="https://whattomine.com/asic" target="_blank" rel="noopener">https://whattomine.com/asic</a>.
Lets use the Avalon 841 for our example. We highly recommend this model, as not only does it compete with the Bitmain S9, it also includes a 730 day manufacturer warranty that no other ASIC manufacturer comes close to. It operates at 1290w, and we’ll input 14000.0 GH/s for its hash rate. That, along with $0.10(USD/kWh) as our electric rate, results in $3.09 a day of Bitcoin mining rewards, per unit. Helpfully, whattomine gives you a comparison of potential rewards for mining other SHA-256 coins as well.
These are not the only variables for considering your prospective profits. There are mining pool fees, token growth potential, increases in hash difficulty, and others. This is plenty for comparison shopping between miners, however. The short version is that we’re looking for low power consumption and a high hash rate.
Summary
So you can see, there are a few factors in choosing the best mining rig for you. Which algorithm to work on is your first consideration. There are many other projects using SHA-256, Scrypt, and X11 than are listed on this page. Some of them will grow to become be worth a lot more than they currently are.
You’ll need to weigh the cost of the unit, along with electricity rates, hash rate, and your potential mining rewards. Of course, we hope that the value of our cryptocurrencies will grow as time goes on. That can make choosing which coins to mine an essential part of the process.
The post <a rel="nofollow" href="https://bullminers.eu/how-to-choose-best-mining-rig/">How to choose best mining rig?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
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<item>
<title>What is hashing algorithm?</title>
<link>https://bullminers.eu/what-is-hashing-algorithm/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-hashing-algorithm</link>
<comments>https://bullminers.eu/what-is-hashing-algorithm/#respond</comments>
<dc:creator><![CDATA[]]></dc:creator>
<pubDate>Wed, 12 Feb 2020 17:56:00 +0000</pubDate>
<category><![CDATA[Bull Miner Guide]]></category>
<guid isPermaLink="false">https://bullminers.eu/?p=7118</guid>
<description><![CDATA[Introduction Put simply the hashing algorithm is the cryptographic hash function that maps data of any size, performs a mathematical
The post <a rel="nofollow" href="https://bullminers.eu/what-is-hashing-algorithm/">What is hashing algorithm?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
]]></description>
<content:encoded><![CDATA[
Introduction
Put simply the hashing algorithm is the cryptographic hash function that maps data of any size, performs a mathematical operation on it and returns the output data of a fixed size.  This process is what is used to perform cryptographic transactions while authenticating and documenting the transaction in the blockchain.
Miners are what runs these operations with certain types of hashing algorithms that correspond with a certain coin.
Here are some of the most common hashing algorithms available:
SHA-256 Algorithm (GH/s)
SHA or “Secure Hash Algorithm” is a family of cryptographic hash functions that was published by the National Institute of Standards and Technology as a U.S. Federal Information Processing Standard.
256 refers to the specific family of hash functions that operates while using the block size of 32-bit words at a rate measured in GH/s: Gigahashes per second.  This algorithm mining can be performed on an ASIC hardware (application-specific integrated circuit).
Some current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li><a href="https://www.bitcoincash.org/" target="_blank" rel="noopener">BitcoinCash</a> (BCH)</li><li><a href="https://bitcoin.org/en/" target="_blank" rel="noopener">Bitcoin</a> (BTC)</li><li><a href="https://bitcoinsv.io/" target="_blank" rel="noopener">Bitcoin SV</a> (BSV)</li><li>Universal(UNIT)</li><li>21Coin (21)</li><li>Peercoin (PPC)</li><li>Namecoin (NMC)</li><li>Unobtanium (UNO)</li><li>Betacoin (BET)</li><li>Bytecoin (BTE)</li><li>Joulecoin (XJO)</li><li>Devcoin (DVC)</li><li>Ixcoin (IXC)</li><li>Terracoin (TRC)</li></ul>
Scrypt Algorithm (KH/s)
The Scrypt Algorithm is used as a “proof-of-work” algorithm which typically is performed on GPU: graphics processing units.  Due to it’s focused use of GPU’s, miners running this algorithm will tend to have a faster processing time than CPU’s: central processing units.  Scrypt’s hash rate is measured by KH/s: Kilohashes per second.
Some current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li>Litecoin (LTC)</li><li>Einsteinium(EMC2)</li><li>DGB-Scrypt(DGB)</li><li>Viacoin(VIA)</li><li>Novacoin (NVC)</li><li>Verge-Scrypt(XVG)</li><li>WorldCoin (WDC)</li><li>Latium (LAT)</li><li>FeatherCoin (FRC)</li><li>Bitmark (BTM)</li><li>TagCoin (TAG)</li><li>Ekrona (KRN)</li><li>MidasCoin (MID)</li><li>DigitalCoin (DGC)</li><li>Elacoin (ELC)</li><li>Anoncoin (ANC)</li><li>PandaCoins (PND)</li><li>GoldCoin (GLD)</li></ul>
X11 Algorithm (MH/s)
The X11 hashing algorithm is another proof-of-work algorithm that is measured by MH/s: Megashashes per second.  One of the main benefits of running this algorithm is that it is one of the more energy efficient that run 30-50% cooler and require less wattage.
Some current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li>Dash (DASH)</li><li>CannabisCoin (CANN)</li><li>DigitalpriceClassic(DPC)</li><li>AUR-Scrypt(AUR)</li><li>StartCoin (START)</li><li>MonetaryUnit (MUE)</li><li>Karmacoin (Karma)</li><li>XCurrency (XC)</li></ul>
Cryptonight Algorithm (H/s)
The Cryptonight Algorithm is specifically designed to be suitable for ordinary PC CPU’s and can only be CPU-mined.  Unlike Scrypt, Cryptonight depends on all the previous blocks for each new block.  The hash rate is measured by H/s: Hashes per second.
Some current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li>Bytecoin(BCN)</li><li>Monero (XMR)</li><li>Sumokoin(SUMO)</li><li>Boolberry (BBR)</li><li>Dashcoin (DSH)</li><li>DigitalNote (XDN)</li><li>DarkNetCoin (DNC)</li><li>FantomCoin (FCN)</li><li>Pebblecoin (XPB)</li><li>Quazarcoin (QCN)</li></ul>
Dagger Hasimoto – Ethash Algorithm (MH/s)
Dagger Hashimoto is a combination of two algorithms to mine Ethereum.  Measured in MH/s: Megahashes per second.
Current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li>Ethereum (ETH)</li><li>Ethereum Classic (ETC)</li><li>Ubiq(UBQ)</li><li>Expanse (EXP)</li><li>Musicoin(MUSIC)</li><li>Pirl(PIRL)</li><li>Ellaism(ELLA)</li><li>Nicehash-Ethash</li></ul>
Equihash (H/s)
Another proof-of-work algorithm which is memory orientated and it’s mining capabilities is mostly determined by the amount of RAM you have.  Measured in H/s: Hashes per second.
Current coins mined utilizing this algorithm:
<ul class="wp-block-list"><li>Zhash (SEC)</li><li>Nicehash-Equihash</li><li>Zencash (ZEN)</li><li>Zclassic (ZCL)</li><li>Hush (HUSH)</li><li>BitcoinGold (BTG)</li><li>Komodo (KMD)</li></ul>
Hashing Algorithm Profitability
There are quite a few resources that can be used to determine which hashing algorithm is used and the amount of profit per cryptocurrency that can be expected when mined.   This way you can maximize your profits per miner.
Here are a few that we recommend:
<a href="http://www.whattomine.com/" target="_blank" rel="noopener">www.whattomine.com</a>
<a href="http://www.coinwarz.com/" target="_blank" rel="noopener">www.Coinwarz.com</a>
The post <a rel="nofollow" href="https://bullminers.eu/what-is-hashing-algorithm/">What is hashing algorithm?</a> appeared first on <a rel="nofollow" href="https://bullminers.eu">Bull Miners</a>.
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