Ethash Algorithm Coins - Mining Calculator and Hashrate Distribution for Ethash (2024)

FAQs

What coins are on the Ethash algorithm? ›

Ethash is a consensus algorithm for cryptocurrency on Ethereum, using proof of work. Ethash also uses Keccak, a hash function that has been standardized as SHA-3. But Ethash and SHA-3 are not the same, and the two should not be confused.

Ethash is a heavyweight PoW algorithm used by the most popular cryptocurrencies, including Ethereum, as well as MOAC, Expanse, Pirl, etc. The algorithm is different, because it uses the DAG file that is loaded into GPU memory at the moment of miner launch.

Etchash has become one of the most popular mining algorithms after it was transitioned from Ethash with a few upgrades and modifications. Because Ethereum Classic is the most valuable cryptocurrency that uses the ETChash algorithm, many miners have been interested in fighting for the available mining incentives.

NVIDIA RTX 3080Ti

It's particularly effective for mining various cryptocurrencies, including Ethereum (ETH), Conflux (CFX), and Zano (ZANO). With 12 GB of GDDR6X VRAM and an impressive 10,240 CUDA cores, the RTX 3080 Ti not only excels in crypto mining but also provides an exceptional gaming experience.

Choosing the right mining hardware is crucial for successful Ethereum mining. Several factors need to be considered before making a decision, including equipment costs, the type of mining (GPU vs. CPU), cooling systems, electricity supply and costs, internet speed, and the legality of mining in your region.

What is the most profitable way to mine Ethereum? ›

The most straightforward way to mine ETH is by joining one of many Ethereum mining pools like SparkPool, Nanopool, F2Pool and many others. These allow miners to have a constant stream of income instead of a random chance of finding a whole block once in a while.

Ravencoin (RVN)

Forked from Bitcoin, Ravencoin offers faster transactions and is ASIC-resistant, making it suitable for GPU mining. The network employs the KawPow algorithm, specifically designed to prevent mining centralization and promote fair distribution.

Which Bitcoin mining hardware has the highest hash rate? The Antminer S19 XP Hyd, a cutting-edge Bitcoin mining device developed by Bitmain, boasts a remarkable hash rate of 255 terahashes per second (TH/s) using the SHA-256 algorithm. This high hash rate positions it as a leader in mining performance.

The hash rate is an important metric for assessing the strength of a blockchain network – more specifically, its security. The more machines dedicated by honest miners to discovering the next block, the higher the hash rate rises and the harder it becomes for malicious agents to disrupt the network.

The more computers that join a blockchain network and process hashes (guesses) on the network, the higher its hash rate is. A high hash rate represents more security and health on a PoW blockchain network, as there is less of a chance of an attack on the network.

Ethash was Ethereum's proof-of-work mining algorithm. Proof-of-work has now been **switched off entirely** and Ethereum is now secured using proof-of-stake instead. Read more on The Merge, proof-of-stake and staking.

An algorithmic stablecoin is a cryptocurrency governed by algorithms (i.e., smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U.S. dollar. Cosmos-based protocol called Terra powers a set of algorithmic stablecoins that use the coin LUNA to keep their pegs.

The most well-known coin to implement Ethash is Ethereum (ETH), for which this algorithm was initially created. Its most prominent design goal is to be ASIC resistant, preferring to accommodate GPU-based mining. The algorithm uses a large dataset that is periodically regenerated, and slowly grows over time.