“We don't have any formal relation with the Zcash project,” he said.
#Zcash miner pc portable
Speaking to Bitcoin Magazine, Equihash inventor Biryukov also emphasized that Equihash is a portable algorithm, not limited to specific digital currencies. “Equihash is so far unique among all the mining algorithms: it is memory-hard on the one hand and very easy to verify on the other.” “Since Equihash is based on a fundamental computer science problem, advances in Equihash mining algorithms will benefit computer science in general,” added Biryukov. Our Equihash algorithm reverses the situation back to this more ideal world.”Īccording to the CryptoLUX scientists, the algorithm permits avoiding centralization of the mining process in the hands of a few first-class miners with specialized mining hardware, thus contributing to the “democratization” of digital currencies based on Equihash. “The strength of a cryptocurrency comes from the fact that the ledger is globally distributed. “If 10,000 miners with a single PC were active, in Zcash the investment to compete with them would be 10,000 times the price of a PC, while with Bitcoin, the investment would be significantly smaller,” said Khovratovich. “We think it is unlikely that anyone will be able to build cost-effective custom hardware (ASICs) for mining in the foreseeable future.” Wilcox and Grigg added that it is unlikely that major optimizations of Equihash could give the miners who know the optimization an advantage.Įquihash is a memory-hard problem, more suited to general-purpose computers with lots of memory than to special hardware chips.
“Equihash is a memory-oriented Proof-of-Work, which means how much mining you can do is mostly determined by how much RAM you have,” said Wilcox and Grigg. But the main reason for the enthusiasm of the Zcash tech is, indeed, Equihash’s resistance to ASIC mining.
#Zcash miner pc verification
In a post titled “ Why Equihash?,” Zcash founder Zooko Wilcox and engineer Jack Grigg noted that Equihash has very efficient verification which could enable light clients on constrained devices and Zcash clients inside Ethereum. Probably its most significant success to date, Zcash, the new decentralized and open-source digital currency that aims to set a new standard for privacy and anonymity through the use of groundbreaking cryptography, announced the integration of Equihash in April 2016.
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