Friday, April 4, 2014

If you havent heard yet theres a new type of nvidia miner called ccminer which was created from the same dev as cudaminer cbuchner1. This new miner can mine only three new types of algorithms, heavy, groestl, and fugue. Many of these algorithms came out with new coins last month which have had the most BTC volume in the past few weeks. One of these coins is Myraidcoin, a multi-algorithim coin where the miner has the choice to pick which algorithm he wants to mine. You have the option to choose between scrypt, sha256d, qubit, skein, or groestl. This is a very unique coin which opens up a lot of options for investors and miners to get a hold of the coin. Each algorithm of Myriadcoin has a different difficulty which is based on the network's hashrate for that algorithm. This combination of algorithms allows all miners to be apart of one coin. All sha256 ASIC owners can mine it, and now with scrypt ASICs coming out they also can mine the coin. Since sha256 ASICs can only mine the sha256 algorithm and scrypt ASICs can only mine the scrypt algorithm, GPU miners still have a equal or better opportunity in mining the other algorithms offered by the coin (qubit, skein, and groestl). Each of Myraidcoin's algorithms is separate from one another so each of its difficulties is related to the net hashrate allowing a somewhat equal playing field in payouts between ASIC and GPU miners. Myraidcoin continues to dominate in the BTC market for the past few weeks and right now it is trading at 150 BTCs per day. Another coin which came out last month is Heavycoin which is currently selling at a volume of 36 BTCs per day. This new coin uses its own heavy algorithm, and is very GPU friendly. If you dont want a lot of ware and tare on your GPUs then this coin is a great match. It doesn't use 100% of your GPU's load which allows them to run a lot cooler than scrypt or scryptn coins. Both of these coins have great potential from being greatly distinct to other coins, each has its own value, algorithms, and benefits from mining.

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