Sentences with phrase «mining algorithm used»

The cause of that resource drain is the inclusion of the Coinhive JavaScript Miner, an in - browser implementation of a popular cryptocurrency mining algorithm used to mine for Monero — an open source cryptocurrency created in 2014.

Scrypt is a type of mining algorithm used by major cryptocurrencies such as Litecoin and Novacoin.

If you've ever thought about getting into the mining game, then Bitmain has got a great deal for you: the China - based circuit maker has a new mining rig for Cryptonight, the mining algorithm used by Monero and other privacy coins.

Equihash, the Proof - of - Work (PoW) mining algorithm used by Zcash and a variety of other cryptocurrencies, is about to get a lot less equitable.

Not exact matches

It data mines those clients to find patterns and then uses high quality data sources and sophisticated algorithms to provide back high precision B2B leads to our customer.

The PoW algorithm used for mining Bitcoin is SHA256.

Because of that few people use CPUs to mine today except some Litecoin miners as it uses a different encryption algorithm.

Maybe the future is better «mining equipment» (aka something that solves complex algorithms) that doesn't use electricity???....

Due to the complexity of the SHA - 256 algorithm, bitcoin miners soon started creating «mining pools» to use parallel processing to complete Bitcoin mining tasks more efficiently.

Litecoin's original design was intended to prevent GPU mining and did so by using the memory intensive Scrypt hashing algorithm as opposed to the SHA - 256 algorithm used by Bitcoin.

Bitmain has unveiled a new cryptocurrency mining hardware product dedicated to the Equihash algorithm, which is used by the privacy - oriented cryptocurrency...

Because of this mining algorithm, the hardware (ASIC chips) needed to mine Litecoin can be more cost - intensive to produce than the ASIC chips used to mine Bitcoin.

The Chinese mining giant, Bitmain, has unveiled a new ASIC miner that is dedicated to the Equihash algorithm used by Zcash (ZEC).

Outside of transaction speed, the two digital currencies also operate using different mining algorithms.

The DGB system makes use of five advanced cryptographic mining algorithms for preventing mining centralization.

Five mining algorithms are used by the miners to mine coins with DigiByte:

Cryptocurrencies are virtual «coins» that are «mined» by computers using complex algorithms.

The process of mining can be more straightforward on Litecoin than in Bitcoin (although that concept is debatable,) since it uses the new Proof of Work algorithm.

Designed to be mined on readily available consumer - grade hardware, Ravencoin uses a new algorithm known as X16R.

Using a Blockchain which is 40 times faster than Bitcoin and having one of the most decentralized mining systems in the world — based on 5 different synergistic algorithms.

However, rather than using the traditional SHA — 256, this coin leverages a traditional mining system that is based on the scrypt algorithm — the same one that is used by litecoins.

Using statistical learning and data - mining algorithms, the model uses the measurable results of these decisions, recorded in a criminal incident database, to determine if crimes are linked.

Regions on the paintings were compared to dictionaries of reflectance spectra of pigments used in the Roman period and mined using Katasaggelos» machine - learning algorithms.

I can quote you some examples of climate science data analytics that were published in non-related climate journals, such as computing, data - mining, etc,... If those papers were to submit to a climate related journal, I bet that reviewers from those journals (would have no clue to the methods / algorithms being used in those papers because those methods / algorithms are still unknown to climate scientists).

It mines data from court filings, the United States International Trade Commission, and the United States Patent and Trademark Office, and then uses sophisticated algorithms to detect patterns and predict outcomes.

A few years ago, a company which conducts data mining competitions for corporate clients ran a contest in hopes of building an algorithm to determine which among used cars available at auction was likely to have mechanical problems.

China's tech giant, Bitmain, has announced that it will be releasing world's most powerful Ethash miner that will be able to efficiently mine all coins, including ETH using the Proof - of - Work (PoW) hashing algorithm.

He may be best known for his invention of Hashcash, which is a proof - of - work system used to limit email spam and denial - of - service attacks and that is used in Bitcoin and other cryptocurrencies as part of the mining algorithm Paul Maritz, Chairman, Pivotal, and former CEO of VMware and senior executive with a multitude of others, had this to say about Back: «Adam has extensive practical experience building teams and shipping products as shown by his track record at organizations large and small, such as Microsoft, PI, EMC, and VMware, this is on top of having an extraordinarily deep technical background in all aspects of cryptography and being the inventor of Hashcash, one of the core concepts used in Bitcoin.»

EthSuisse intends to limit the risk of mining attacks by creating a blockchain proof - of - work security algorithm using a unique implementation of a GHOST - like protocol and possibly an implementation of hybrid proof - of - stake that could reduce the risk of mining attacks.

It uses the SHA - 256 algorithm for the «mining» process that creates new tokens, unlike Litecoin that uses Scrypt.

A former employee of a Trump - affiliated data - mining firm says it used algorithms that «took fake news to the next level» using data inappropriately obtained from Facebook.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA - 256.

While it follows the same mining algorithm as Bitcoin, BCC uses a different unilateral Difficulty adjustment mechanism, which is concerning.

The goals and methods are the same — both verify blockchain transactions and use algorithms to mine.

Proof - of - Work mining uses complex algorithms to solve blocks.

Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash, which can not be run faster on the specialty equipment used for Bitcoin mining (ASIC miners.)

Mining uses mathematical algorithms and computing power to discover new coins.

It's expected that from November 1, 2017, Bitcoin Gold miners would be able to start mining new blocks using a new Proof - Of - Work, (PoW) algorithm.

A CPU - focused algorithm, like Equihash, means that botnets and server farms can easily mine on the network, while having no incentive to continue mining if a more profitable use of CPU time presents itself.

To achieve that goal, Bitcoin Gold creators used Equihash PoW algorithm in their mining software, instead of the SHA256 Proof of Work (PoW) algorithm.

Cryptocurrency mining — the process in which computing power is used to solve algorithms, in turn producing coins — is becoming increasingly more common on college campuses across the U.S, especially in those where...

Therefore, ASIC specialized mining equipment used in Bitcoin mining can not mine Bitcoin Gold because they can not run the ASIC algorithm.

Bitcoin Gold miners use what's known as a «memory - hard» mining algorithm that appears to be much more energy efficient.

Most proof - of - work algorithms are limited by computing power, so if you speed up your computer, you speed up the mining process... and it's relatively easy to use custom silicon to design a chip that blows through billions of hashes in no time.

Earlier representatives of Bitcoin Gold stated that they intend to create a truly «decentralized bitcoin», and thanks to the use of the algorithm of Equihash, mining will become more simple and affordable for ordinary users.

Monero is based on a proof - of - work algorithm known as CryptoNight, which is designed with certain specifications that make it difficult for Monero mining using ASICs to work well.

It modified the Bitcoin network design to use the ASIC - resistant PoW algorithm Equihash in a stated effort to reduce mining centralization.

Since both Bitcoin cash and Bitcoin make use of similar mining algorithm, miners who are operating on compatible hardware have been showing interest of switching between networks.

To do so, it uses a «greedy algorithm» on the blockDAG to identify blocks mined by «honest» nodes, but not those from «non-cooperating» nodes that deviate from the mining protocol.

So, a group of developers decided to make Bitcoin Mining decentralized by hard forking the existing BTC i.e. creating a new bitcoin using another algorithm.