FAQ?
What is Ethash algorithm?
EtHash Coins Ethash is a hashing algorithm used in Ethereum-based blockchain currencies. It is the successor to Dagger Hashimoto, designed to be ASIC resistant. The algorithm is memory intensive, which deters from specialized ASIC hardware being an effective mining solution.
What is the hash algorithm in Ethereum mining?
The result is an output of fixed length that represents the hash value. Miners end up with several variations of the data input. So in the case of Ethereum, the algorithm used for this process is Ethash. Ethash was developed as an upgrade of its predecessor called Dagger-Hashimoto to remove computational overhead.
What is Ethash mining?
Ethash is a proof-of-work (PoW) mining algorithm that is implemented by the Ethereum network and other Ethereum-based cryptocurrencies. Each Ethash GPU miner requires 1+ GB of RAM. Proof of work mining secures distributed networks and processes blocks of transactions on the blockchain.
Is Ethash proof of work hashing algorithm ASIC resistant?
Yes, Ethash is ASIC resistant and it is memory intensive algorithm which can be mined only using your GPU. You can find more information on Ethash hashing algorithm here. Here comes the list of crypto currencies that are powered by Ethash proof of work hashing algorithm.