Another Anti-ASIC Cryptocurrency Launched

Vertcoin developers recently released a whitepaper that describes a roadmap to their new POW algorithm - Lyra2RE. As mentioned in the paper, Lyra2RE is a NIST5 based chain algorithm whose sole aim is to reduce miners' dependency on ASIC machines. The proposed algorithm somewhat adds up to the "anti-ASIC" campaign Vertcoin launched alongside its release in January 2014. The coin's development team therefore has a strong emphasis on implementing Lyra2E over their previous POW algorithm Scrypt-N. The latter's ASICs are already available in the market. Lyra2RE takes inspiration from the....

If you have heard of the ominous Titan from KNC capable of hashing at 300 mh/s on scrypt, or perhaps the gridseeds or any other scrypt asics, a algorithm that was designed to be anti-asic and you’re a miner, you are most likely searching for the next coin to mine. Take Vertcoin into consideration as that coin. Here are some Vertcoin coin specifications. Vetcoins has a 84 million Vertcoin max coin supply with block times of 2 and a half minutes, 50 coin block rewards, KGW difficulty adjustment to discourage multipools, and block halving every 4 years or so. But where it really shines is its....

Vertcoin recently announced the hardfork to implement Lyra2RE - a NIST5 based chain algorithm designed to resist ASIC mining. As per the available reports, the new POW algorithm will be executed approximately on December 16th at block 208301. The Vertcoin users are already provided with all the necessary download links of Linux binaries, source core, Python module, etc. on the coin's website to ensure a smooth execution of Lyra2RE. Users will also be required to upgrade their current wallets, which will be launched alongside the new algorithm. Why Lyra2RE? The reason behind the Vertcoin....

Data shows the price of the Bitcoin ASIC miners has plunged down to the lowest value since January of last year as mining profitability drops off. Prices Of Bitcoin ASIC Miners Have Observed A Decline In Recent Months According to the latest weekly report from Arcane Research, the current downtrend in the prices of ASIC […]

As we are all aware of, if you want to keep on mining in the Bitcoin universe, you'll need an ASIC miner sooner or later, if you want to be profitable that is. We've been through a passage of USB ASIC miners (the Block Erupters) which are now rapidly declining in price. It has recently come to my attention that there are 2 new ASIC's announced, which are supposedly in stock. That is something you don't see too often (but it has happened before). So let's take a look at these two new Bitcoin ASIC's, shall we? First up, we have the Red Fury USB miner. Yes, that's right, a new USB miner.....