Mining on algorithm x11
The most efficient cryptocurrency mining is based on x11 algorithm. If you got to this website page you are probably interested in mining. And if you take interest in earning on digital coins, then you’ll have to study features, like algorithm settings, pool choice. But why should you pay attention to this algorithm? Why is it so popular and widely applied? It’s all about its advantages. We’ll mention the key benefits…
What is x11 algorithm for mining?
X11 is a special hashing method. For the first time it was applied for generation of Darkcoin fork (today it’s Dash). This mining way is one of the most effective ones.
Story in brief
As it was mentioned above, for the first time it was applied for mining of Dash. Work was started in 2014. Mining of coins with x11 algorithm grew, so the users have noticed it at once. Every member of the market grasped the good prospects of work with x11. Capitalization of Dash has sharply increased within several months (thanks to application of the above-mentioned algorithm).
Advantages of x11 algorithm
- Ultimate security. Experts working in the field of cryptocurrencies share unanimous opinion that SHA256 algorithm does not ensure 100% reliability. The “hacking” threat is always there. Therefore, Bitcoin network is endangered.Over and over again, authors of x1 project stress that Litecoin and Bitcoin are leaders of the market. Investors prefer them. They made us believe they have the ultimate security. But it’s not so. If hackers manage to crack the system, the digital coins can completely depreciate (though it’ll hardly be the case of the nearest future).
- Protection against ASIC. First of all, it should be specified that Asic is a special device featuring enhanced capacity developed for increased mining. It can provide more efficiency than the most powerful PC or cutting-edge video card. What’s the result of it? The key feature of any cryptocurrency – decentralization – is destroyed. x11 algorithm copes with ASIC devices.
- Full range of CPU and GPU mining. At first x11 it was mined with the help of CPU. But then the developers worked hard to release the new software in the winter of 2014. Focus: production of coins by means of video memory or graphic processor. In fact, many kinds of cryptocurrencies, such as Dash, Urocoin, Startcoin, Hirocoin, can be mined at PC.
- Low power consumption. All users of GPU-mining noticed fewer heating of video adapter and much more silent operation of cooler during the mining process. AMD-video cards began to consume 40 – 50% less power.
IMPORTANT NOTE: many users face troubles with arrangement of video cards (it’s hard to install several video cards on the same PC). Video card overheat causes stop of the farm, so this problem is critical.
Summary x11 algorithm
The use of x11 algorithm for mining became very wide spread. First of all, this is caused by superior comfort of the mining process – absence of essential video card overheats, fewer noises from the cooler (both of these factors are very important). Saving of electric power is surely another one key problem which has been solved by x11 algorithm.
If you decided to mine Dash cryptocurrency you should pay your attention to x11 algorithm. There is the highest demand for this cryptocurrency mining way today. It is worth your attention for sure.