X11, a hashing algorithm created by Dash core developer Evan Duffield in 2014, was well received by the mining community due to its energy-efficiency when mining with a home rig. It is more complicated than a SHA-256 algorithm, which prevented the use of ASIC miners for a time. The algorithm uses 11 different hashes, hence the name, making it one safest and most advanced hashes in use by cryptocurrencies today. X11’s chained hashing algorithm utilizes a sequence of eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoin’s were originally. X11 was intended to make ASICs much more difficult to create, thus giving the currency plenty of time to develop before mining centralization became a threat.
- Get access to minerstat’s comprehensive suite of features and tools.
- Immediately after the launch of X11, work began on creating new versions of this algorithm.
- Not only Dash, but they are capable of mining any Proof of Work cryptocurrencies that are based on X11 hashing algorithm.
- After the implementation of SHA-256 (Bitcoin) ASIC and Scrypt ASICs (Litecoin); X11 was introduced in early 2014 to provide a more sustainable mining ecosystem for CPU & GPU miners.
- Since they are faster; regular users with GPUs and CPUs are put at competitive disadvantage with regards to receiving block rewards.
Video cards of other models show approximately such ratio of change of power. Visit our coin listing page to find out more algorithms. We highly recommend to not mine any of the coins listed here. All these coins have no volume, no dev or no community involvement. To check the mining profitability of these coins we suggest you to use WhatToMine and other mining calculators.
With ASIC Hub, you can monitor and manage your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands with ease. Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines. This page lists the most valuable X11 algorithm cryptocurrencies. They are listed by market capitalization with the largest first and then descending in order. For example, AMD Radeon 6930 graphics card produces 1800 Kh/s, if you use the same module for cryptocurrency mining on the Scrypt algorithm, the indicator will decrease almost three times.
X16S PoW Algorithm – List of all X16S coins and miners (NVIDIA / AMD)
To sum up, the involvement of these functions in what was a 5-year long competition, speaks to their security and credibility. The repeating of process continues till the last function. Immediately after the launch of X11, work began on creating new versions of this algorithm. Updates have no fundamental differences, except that the number of rounds changes. The emergence of the algorithm is directly intertwined with the development of the Dash cryptocurrency. Evan Duffield questioned the reliability of the SHA-256, so he began to search for an alternative.
X11 Coins – List of Cryptocurrencies based on X 11 hashing algorithm
Here are few other popular algorithms that you may like. However most of them are inactive and many on the other hand have very less trading volume or has no real value. Now let’s take a look at all those coins that are powered by X11 PoW algorithm. After the implementation of SHA-256 (Bitcoin) ASIC and Scrypt ASICs (Litecoin); X11 was introduced in early 2014 to provide a more sustainable mining ecosystem for CPU & GPU miners. As for CPU-mining, AMD processors with 6-8 cores or Intel i5/i7 demonstrate not the highest level of performance, but also consume much less electricity.
Now currently there are many ASICs capable for mining this algorithm more efficiently. They comprise a major portion of the network hashrate. So this algo is no longer possible to mine using general purpose hardware like CPU or GPU.
Our Linux-based mining OS is packed with advanced features and tools to help you optimize your mining performance. Since X11 uses multiple rounds of 11 different hash functions; it is considered to be one of the safest and the most advanced hashing algorithm in the cryptocurrency space. X11 is an algorithm for mining cryptocurrency which uses 11 different hash functions. X11 was well received by the mining community due to its energy-efficiency when mining with a home rig.
It isn’t a secret that X11 is more complicated than a SHA-256 algorithm, which prevented the use of ASIC miners for a time. X11 algorithm is a Proof of Work hash function designed by Evan Duffield. He is the core developer of Dash (previously Darkcoin) and is the first cryptocurrency to implement the X11 hashing algorithm. The main purpose for the creation of this algorithm is prevention of ASIC miners.
We’ll keep updating this post whenever we find a new coin on X11. Also if you come across one then don’t forget to mention it in the comments below. While it is still more secure and complicated than Bitcoin’s SHA-256; it failed its original purpose of being ASIC-resistant. The following ASIC miners are either no longer easily available or obsolete due to the increase in difficulty on the network.
X11 mining hardware profitability
Compare the profitability, network hashrate, and difficulty of X11 coins. ASICs (Application Specific Integrated Circuit) are powerful, resource intensive, and their only purpose is to mine a specific algorithm efficiently. Since they are faster; regular users with GPUs and CPUs x11 algorithm coins are put at competitive disadvantage with regards to receiving block rewards. Thus limiting mass participation from mining the cryptocurrency. ASIC miners are always considered as a threat to the crypto mining ecosystem. They are the main cause of centralization of hashing power.
Dash (DASH) – X11 coin
Here we are only going to list the top X11 coins by market cap. Kindly do your own research to before you start mining any X11 coin. Even though X11 is no longer providing ASIC resistance a lots of coins are still based on this algorithm. Majority of them https://cryptolisting.org/ were from that initially days of X11 when the algorithm actually provided ASIC resistance. The original goal of X11 was to prevent problems with the centralization of the Dash blockchain. Currently, we list 280 cryptocurrencies for the X11 algorithm.
When choosing mining equipment, you should prefer a model with an impressive number of Shader processes and a high frequency of the graphics core. If we talk about Radeon graphics cards, pay attention to 7950 and 7970.
X11 – ASIC Miners
Evan Duffield also worked on increasing the level of mining security. Sequential hashing, consisting of several rounds, significantly increased the protection against hacking. Get access to minerstat’s comprehensive suite of features and tools. Discover a new way to optimize your mining setup and boost your earnings. Discover the best GPUs for mining based on profitability and hashrates.
The X11 algorithm uses multiple rounds of 11 different hashes, thus making it one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies. The name X11 is not related to the open source X11 windowing system common on UNIX-like operating systems. X11 is the name of the chained Proof-of-work (PoW) algorithm that was introduced in Dash (launched January 2014 as “Xcoin”).