( 02nd Aug 2019 )
There are many different cryptocurrency in the global market. Some of them are supported multiple algorithms for mining. So mining people should consider which mining algorithms they are participating for mining. Here is example in the case of VERGE coin in today.
In this case of VERGE coin, there are five different algorithms. You may select one of them or mining multiply.
The main reason for multiple algorithms support is highest security mine. VERGE coin is one of a few cryptocurrency which have a multi-algorithm support. It implements 5 hashing functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. Depending on which algorithm you choose, you’ll need either an ASIC or GPUs to mine it profitably.
1. Algorithm:* Blake (2s)*
Current Network Hashrates: *3.161** Ph/s*
URL: https://www.coincalculators.io/coin/verge-blake2s
2. Algorithm: *X17*
Current Network Hashrates:* 208**.864 Gh/s*
URL: https://www.coincalculators.io/coin/verge-x17
<https://www.coincalculators.io/coin/verge-blake2s>
3. Algorithm:* Myr-Groestl*
Current Network Hashrates: *79.727** Th/s*
URL: https://www.coincalculators.io/coin/verge_groestl
<https://www.coincalculators.io/coin/verge-blake2s>
4. Algorithm:* Lyra2REv2*
Current Network Hashrates: *1.66 Th/s*
URL: https://www.coincalculators.io/coin/verge_lyra2rev2
<https://www.coincalculators.io/coin/verge-blake2s>
5. Algorithm: *Scrypt*
Current Network Hashrates:* 987**.073 Th/s*
URL: https://www.coincalculators.io/coin/verge_scrypt
<https://www.coincalculators.io/coin/verge-blake2s>
About VERGE coin mission. It is to empower people to use blockchain transactions daily. It’s perfectly possible to engage in direct transactions quickly, efficiently and privately. Using Verge, you will have flexible options for sending and receiving payments. The official wallet app offers helpful integrations and tools which enable users to handle large and small-scalepayments.
When we speak of XVG, we are talking about a coin associated with low fees, quick transactions, high volume circulation, multiplatform support and the Wraith protocol. All these factors make it perfectly positioned for mass adoption.
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