Scrypt based cryptocurrencies

What can be done, however, is to try to decrease the advantage that GPUs, FPGAs, and ASICs get when mining compared to CPUs.ASICs designed specifically for scrypt based currencies are starting to hit the market and many fear.

Philscurrency is a Scrypt based crypto-currency, inspired from Litecoin altered for faster and secure transactions.The prime type of attack that scrypt is designed to defeat is ASIC based attackers.It was the first successful cryptocurrency to use scrypt as.It would also cause ASICs and FPGAs to be very difficult to develop to be faster than CPUs, and expensive.It has a difficulty adjustment of 60 blocks, a block reward of 42 BQC, and.Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin.Yep there are three good options for CPU mining that I know of.

This would produce a very insecure crypto-currency because anyone who wanted to attack it could rent or steal general purpose computers, which are widely available.

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Try Burstcoin.Can be mined by simply using your extra space in your HDD.If you want to gain more then buy TB HDDs to plot and surely you will earn much.It is not designed to try to favor CPU over GPU (and thereby defeat GPU based attacks).

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The above loop traded off the entire large array for re-computation.

Used GAW GAWMiner Black Widow 13MH/s Scrypt ASIC

One of the prime advantages of scrypt is that it is memory-hard.

The demand for GPUs for scrypt mining is growing stronger,. which is what the majority of altcoins are based on today.We can actually take it a step futher tune the above attack to use the exact amount of memory we want.The crypto currency mining ASIC maker Bitmain is getting ready to launch a new Scrypt ASIC miner with shipping expected to start a bit later this month.The GAW Miners Falcon is a new asic miner designed to mine scrypt based crypto-currencies.We are delighted to announce the promotion of our product which dedicated to all the crypto currencies based on the Scrypt and Scrypt-N.

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Bitcoin Insider - SCRYPT ASIC

FriendshipCoin2 is a free open source project derived from Bitcoin, with the goal of providing a long-term energy-efficient scrypt-based crypto-currency.

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Well, we are better off as we can now attack on both memory constrained and memory unconstrained systems.

Algorithm: Scrypt based crypto-currency mining such as Litecoin (LTC), Dogecoin (DOGE), DigiByte (DGB), Namecoin (NMC), Viacoin (VIA).This Saturday, a group of cryptocurrency advocates will unveil a new system that they hope will rewrite the rules of cryptocurrency.This means that, when used with appropriate settings, it should be extremely hard to parallelize scrypt.

The more low level ways to decrease the gaps between those include.Gridseed has released a unit with 5 chips able to mine both Litecoin (or other scrypt-based crypto-currency) and Bitcoin. Lateral factory team.

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Understanding how Bitcoin and other crypto-currencies

The CPU Coin List is a sortable page of alternate cryptocurrencies (AltCoins) that are still worth mining on your CPU.

It is based on the. the website provides a real time view of the latest crypto-currency.One thing that really interests me is if an altcoin has been designed to only be mineable by traditional CPUs.It was the first successful cryptocurrency to use scrypt as its hash.PTS: Protoshare - very very new and exactly what you described.This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies and crypto. digital currency based on Scrypt.

CPU Coin List | Cryptocurrencies for Your Processor

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This proves that scrypt is demonstrably weaker than bcrypt for password storage when using memory settings under 4mb.

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The Scrypt algorithm enables almost instant and free transactions however it takes a little time for confirming the transactions.

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