How does equihash mining work and what cryptocurrencies can be mined using this algorithm?

3 answers

• Mar 31, 2022 · 3 years ago
  Equihash mining is a memory-oriented proof-of-work algorithm that is designed to be ASIC-resistant, meaning it is difficult to create specialized hardware (ASICs) to mine the algorithm efficiently. It relies on a large amount of memory, which makes it more suitable for GPU mining. Equihash works by solving a computationally intensive mathematical problem, and the solution is used as a proof that the miner has done the work. This algorithm is used by several cryptocurrencies, including Zcash, Bitcoin Gold, Komodo, and Zclassic.
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• Mar 31, 2022 · 3 years ago
  Equihash mining is all about solving complex mathematical problems using your computer's processing power. It's like a puzzle that miners need to solve, and the first one to find the solution gets rewarded with new coins. The Equihash algorithm is designed to be memory-hard, which means it requires a lot of memory to solve the puzzles. This makes it more difficult for ASIC miners to gain an advantage, as they are specialized for high-speed calculations rather than memory-intensive tasks. Some popular cryptocurrencies that can be mined using Equihash include Zcash, Bitcoin Gold, and Komodo.
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• Mar 31, 2022 · 3 years ago
  Equihash mining is a popular algorithm used by several cryptocurrencies. It is designed to be memory-hard, which means it requires a significant amount of memory to solve the mathematical problems. This makes it more resistant to ASIC mining, as specialized hardware would need a large amount of memory to be efficient. Some of the cryptocurrencies that can be mined using the Equihash algorithm include Zcash, Bitcoin Gold, Komodo, and Zclassic. These cryptocurrencies offer different features and use cases, so miners can choose the one that aligns with their preferences and goals.
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