Equihash is a hashing method based on the PoW principle that demands a substantial amount of core memory. Mining Zcash coins on Equihash miners is profitable (goes beyong billions of dollars). Other cryptocurrencies, such as Bicoin Gold, ZenCash, Komodo, and others, are also compatible with Asics. The blockchain is made up of blocks that include information about financial transactions.
Miners are rewarded with cryptocurrency for mining blocks. The system is completely anonymous, and the value of cryptocoins is steadily rising.
This is a long-standing issue in the Bitcoin community. Especially when ASIC is currently completely exploiting the hashrate of that blockchain (which utilizes SHA-256). This condition can result in significant hazards, such as a firm or a group of prominent miners conspiring to disrupt the network’s operation.
And, while they are aware of the risk in Bitcoin, there are incentives to ensure that this does not occur, for the time being, the situation remains unchanged. Bitcoin miners all want the same thing: for Bitcoin to become the most powerful cryptocurrency. Not only in terms of hashrate, but also in terms of pricing, boosting the blockchain’s security against attackers.
While this is possible on huge networks like Bitcoin, the situation is different on smaller networks. This was noticed by Biryukov and Khovratovich, who decided to build Equihash. To accomplish so, they constructed a complicated algorithmic architecture to solve the “Birthday Issue,” a tough mathematical problem. With these parts, they unveiled the Equihash algorithm, a complete and functioning product of their effort and research,
Quick and effective
On a number of algorithms, Bminer is one of the fastest miners.
SSL support that is secure and dependable
To recover from brief network failures, the system automatically reconnects.
If the GPUs become stuck, the system will restart automatically.
Friendly to operations
REST APIs are included to make large-scale production deployments easier.