There are number of X16R miners available for NVIDIA and AMD cards. Anyways Ravencoin developers committed to change the algorithms used in x16r if they ever find an ASIC being developed. As the economic value of mining increases and as more coins adopt to a single algorithm the development of ASICs will get accelerated. However the fact is no PoW algorithms (even X16R) can block ASICs permanently. Due to the dynamic change of the algorithm order building an ASIC for X16R is difficult. The order of the 16 different hashing algorithms will dynamically change based on the hash value of the previous block. This algorithm works in such a way that it constantly disrupts the algorithms chaining order. The 16 algorithms that make up X16R are as follows:īlake, BMW, Groestl, JH, Keccak, Skein, Luffa, Cubehash, Shavite, Simd, Echo, Hamsi, Fugue, Shabal, Whirlpool and SHA512 Except x16r rotates through 16 different algorithms in random hence the name R which stands for Random or Rotating or Ravencoin. The hashing algorithm used in X16R is the same 15 algorithms used in X15 model + SHA512. X16R is a Proof of Work hashing algorithm designed by and for Ravencoin. While currently there are no ASICs for these algorithms building one doesn’t take much time as they all use same sequence of hashing algorithm as X11 with only few additional algorithms chained together.Ĭonsidering all this and to create a more viable solution to block ASICs Ravencoin introduced X16R. Followed by X11, algorithms such as X13, X15, X16 and X17 emerged which are all extensions of X11. However this too has been cracked and currently there are many ASIC miners available for X11. They chained 11 different hashing algorithms and called it X11. To further solidify ASIC resistance Dash came up with a different approach. However all these algorithms have been cracked by ASIC manufacturers. Ethereum developed Ethash, Litecoin used Scrypt and Zcash created Equihash. Considering the fact that high memory requirements makes ASIC development expensive. To minimize the impact of ASICs cryptocurrencies developed memory intensive hashing algorithms. ![]() Due to this and due to the availability of cheap electricity in some areas a vast amount of network hashpower gets controlled by a very few entities. How? Compared to GPUs and CPUs ASICs are bit expensive and are quite harder to acquire as they are only manufactured by few not so reliable Chinese firms. So what’s the problem? The main issue is that ASIC creates centralization of mining. They are not only faster but more energy efficient as well. In the cryptocurrency mining ecosystem these hardware’s are specifically build to mine an algorithm much better than GPUs. Why resist ASICs? ASIC – Application Specific Integrated Circuit is a specialized hardware that is designed to do one thing. Many PoW algorithms have emerged in the past and are currently being designed specifically to make mining more ASIC resistant. Also we’ll share the best miners that you can use to mine x16r coins. Here in this article we’ll cover what is X16R and the list of crypto coins based on this hashing algorithm. Previously we’ve explained what is Ravencoin and we even have a guide on how to mine Ravencoin. ![]() What makes Ravencoin different and what makes it truly decentralized is the unique PoW hashing algorithm which it created. A truly open source platform that is completely decentralized. ![]() There are no masternodes, no founders rewards, no ICO nor a premine. It is a fork of Bitcoin whose blockchain is specifically designed for the creation and transfer of assets. Ravencoin is one of the few projects that have gained a lots of attention and has witnessed significant success. But only few turns out to be successful and only few projects tend to build something innovative. In the cryptocurrency space every year many new projects appear.
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