Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
NiceHash has recently announced that they have implemented the X16R Algorithm to their hashrate marketplace. NiceHash is a Slovenian cryptocurrency cloud mining marketplace. Unlike a mining company like Genesis Mining that owns a mining farm, NiceHash connects buyers with small miners (like you and me).
The X16R algorithm is an innovation that is resistant to ASICs. It is comprised of sixteen hashing algorithms on a randomized chain – the algorithm that comes next is randomized, making it impossible to create an ASIC for mining it. Or that’s in theory, at least. The coins that are based on X16R are Ravencoin (RVN) and Motion (XMN).
To receive the latest updates follow me on social media! 
facebook
twitter
Follow
google
youtube
New release features and bug fixes
- Updated excavator to v1.5.6a
- Added algorithm X16R for NVIDIA cards
- Optimized Lyra2Z algorithm for NVIDIA cards
- Added button to enable excavator logging
- Updated xmr-stak to 2.4.5
- Various bug fixes and improvements
Ravencoin is an open source project that enables instant payments to anyone around the globe. It’s optimized to transfer assets from one holder to another. One of the selling points is that the project is developed by the community. There has been no pre-mine or ICO. An active community and a fair start makes the coin quite popular.
Motion is a coin with smart contracts and a masternode system that protects it against sybil attacks. With a market cap on one billion USD, it is getting more attention lately.
MSI GTX 1080 Ti 3x GPU Mining Rig
NiceHash 2.0.2.5 x16r Update
NiceHash X16r Algorithm GTX 1080 Ti Mining Hashrate Benchmark
NiceHash X16r Algorithm GTX 1080 Ti Mining Profitability
NiceHash X16r Algorithm GTX 1080 Ti Mining Hashrate Terminal
About NiceHash
Based in Slovenia, NiceHash started as a community-founded project. Thanks to the innovative idea and decent execution, NiceHash has soon become a leader in their niche.
In December 2017, a team of hackers has breached the defenses of NiceHash and stole a sum of Bitcoins worth $ 63 M USD from the company’s customers. Since then, NiceHash has increased the security levels and is reimbursing their customers.
Sell computing power with NiceHashTrusted service, Regular income, Your own paceBefore to continue further, please share this thanks!
In Conclusion
X16R might be an interesting algorithm to buy hashrate for. The absence of ASICs, makes the network hashrate quite stable for this algo, making it slightly easier to predict your earnings in the long run. In theory, there should not be any difficulty bombs for the X16R anytime soon, which is why your returns on investment mostly depend on the market price of the mined coins.
Thank you for reading. As always, your comments, suggestions and questions are welcome.
Subscribe and stay tuned for further updates!
Found this useful? Buy me a beer
PayPal: https://www.paypal.me/1stMiningRig
CoinPayments: $1stMiningRig
ETH: 0x8a159cc27454130ee4880504f4d2afe2ebb22d15
BTC: 183BNU2y8Zr1z6ER1L9WjFa9XRKEKCqBjp
Ravencoin: RUYB64UXeyeWvDd4o9dBc3uvT57QjAZKz1
Luxcoin: LX5G6ZbQivZJL7srmFKxWYgBWjmFBZAvEu
ZEC: t1T9dLLM14Jh6NNuCPfNsRgGnj58LkT3yYX
NEED HELP WITH YOUR RIG? CLICK HERE!Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.