Myriad, a 5 algorithm POW coin, is inching closer to adding the Equihash algorithm and possibly replacing the Skein algorithm in the process. The move is being made in hopes of pulling power from ASICs back to GPUs. The change would be done by consensus and is being labeled as MIP1 (Myriad Improvement Proposal). Continue reading “Myriad Submits Pull Request To Replace Skein with Equihash”
Update: Please read this thread before considering Bitcoin Gold: Here is why Bitcoingold is shady and a scam you should dump it as soon as you get it, never buy it!
CoinDesk has an article discussing the upcoming Bitcoin Gold, which is expected to take place on October 25th, 2017.
There could be as many as four cryptocurrencies bearing the bitcoin name if a small group of miners and developers carry out a planned fork of the blockchain this month.
Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash – the blockchain that split from bitcoin this summer by way of a “hard fork.” The idea of the project is to release an improved protocol, one that will challenge bitcoin cash in particular, and details are now starting to come come into focus.
Led by Jack Liao, CEO of Hong Kong mining firm LightningASIC, bitcoin gold is slated to launch on October 25, with its cryptocurrency being opened to exchanges on November 1.
Unlike the Bitcoin Cash hard fork which still uses the same SHA-256 algorithm, Bitcoin Gold aims to move to Equihash, an ASIC resistance algorithm highly optimized for GPU mining. Equihash is used by the popular coin Zcash. Continue reading “Bitcoin Gold: The Coin That Extends GPU Mining Life?”