GPU MINING Hashrate Review and Comparison on GTX 1080 Ti | 1080 | 1070 | 1060 | 1050 Ti | 980 Ti | 980 | 970 | 960 | RX 580 | RX570 | RX 480 | RX 470 |RX 460 | R9 390X | R9 380X | R9 290X | R9 280X. Tested : Ethereum ( ETH) using DaggerHashimoto algorithm, Zcash ( ZEC ) using Equihash algorithm, Vertcoin ( VTC ) using Lyra2REV2 algorithm, Decred ( DCR ) using Decred algorithm, Pascal coin ( PASC ) using Pascal algorithm, Lbry coin using Lbry algorithm
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Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale during July–August 2014.The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project. The two chains have different numbers of users, and the minority fork was renamed to Ethereum Classic.The majority fork has retained the name Ethereum (the subject of this article).
Zcash is a cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction may remain private.The Zcash trade symbol, ZEC, is not an official ISO 4217. Like Bitcoin, Zcash has a fixed total supply of 21 million units.
Vertcoin (VTC) is a peer-to-peer cryptocurrency and software project.It is a Bitcoin-like blockchain currency with additional features such as Stealth Address technology and ASIC resistant Proof-of-Work (PoW) function. The main difference between Bitcoin and Vertcoin is the latter's resistance to centralized mining and the long term promise of Vertcoin developers to keep it that way. Vertcoin has already forked two times to a new PoW function because of a veritable threat of centralized mining.The Vertcoin Wallet can be downloaded from Vertcoin's official website.
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. ndividual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus.
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