ASIC Coming For X-Algorithms: Darkcoin Watch Out
First they came for SHA256, and before you knew it, you couldn't mine any amount of Bitcoin with your PC anymore. Soon, you couldn't even make money with a GPU rig. Then they came for SCRYPT, changing the game for Litecoin, Dogecoin, and similar currencies. In response, in hopes of keeping the network truly decentralized and opportunistic for all, other algorithms were put together. X11, X13, X15, all of these are composed of a number of algorithms, the purpose being to outsmart application-specific integrated circuits (ASICs). The first successful X11 coin was Darkcoin last year, which....
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With the release of wallet version 11.1.25, Darkcoin again delivers on its promises. Instant transactions suitable for day-to-day living; the ability to hardfork without permanently breaking the blockchain (if something goes wrong); and being able to make money by supporting the blockchain (without mining). All these add up to an explanation of why Darkcoin is taken as a serious contender for Bitcoin's de facto supremacy. Also read: ASIC Coming For X-Algorithms: Darkcoin Watch Out. When asked on a recent episode of Beyond Bitcoin how he framed the problem that Darkcoin was designed to....
In a bid to gain wider acceptance, the Darkcoin development team, headed by creator Evan Duffield, is presently considering a complete re-branding effort. Also read: ASIC Coming For X-Algorithms: Darkcoin Watch Out. The current leading idea per the forums is "Dash," with no "coin" in the name. The new name is supposed to be short for "digital cash," while at the same time the name is meant to play on the instant transaction feature implemented in the most recent stable version of Darkcoin. Duffield posted to the Darkcoin community forums yesterday afternoon: I am very happy with the way....
Baikal miner has recently updated their X11 miners to support multiple algorithms. The new algorithms, along with X11, are X13, X14, X15, Quark and Qubit. The additional algorithms are an interesting update to their miners. We were able to speak with Baikal about the upgraded miners and more. Baikal on Updated X11 Miners. Could you tell me a bit about Baikal, not much is known? Thanks in advance for giving a great chance to introduce Baikal reputably through your interview. We have been developing the total solution of the miner from 2013 and also have several success stories about Scrypt....
Darkcoin came about after many months of thinking about how to create anonymous money. One of the necessary features of a monetary system like Darkcoin is a brand new proof-of-work system. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem. X11 is simply all of the SHA3 candidates algorithms chained together. One of the side effects of having so many algorithms chained together is it makes it incredibly hard to run efficiently.....
In September, the Darkcoin price broke out of a slump and surged at an impressive rate. However, Darkcoin could not sustain that massive amount of investment capital, because the Darkcoin price climb turned into a price bubble that popped during the latter half of September. But it appears the decline may be over and that Darkcoin is returning to its mean price level. Also Read: Darkcoin 2.0 Open Source - Can Darkcoin get it's mojo back? Darkcoin Price Returns to Mean After September Price Bubble. During the early portion of September, the Darkcoin price hovered around 590,000 satoshis. On....