While AMD graphic cards are good at mining Ethash coins, NVIDIA cards are good at mining Equihash and NeoScrypt coins. They are simply better at mining algorithm’s such as Equihash, NeoScrypt, Xevan, lyra2v2 and Tribus. Its proven that NVIDIA cards run solid and provides stable return in these algo’s. If you own a decent NVIDIA graphic card (7, 9 or 10 series) then look for coins that uses these algorithm’s. So far we’ve listed NeoScrypt coins and Xevan Coins. Here in this post we’re going to list all coins that are powered by Equihash mining algorithm. Using this list and with the help of mining calculator you can pick the most profitable Equihash coin to mine. Before listing all Equihash coins we’ll see what is Equihash and the benefits of Equihash algorithm.
What is Equihash?
Equihash is a Proof-of-Work mining algorithm designed by Alex Biryukov and Dmitry Khovratovich. Equihash is based on the generalized birthday problem (A computer science and cryptography concept) and enhanced Wagner’s algorithm. From former ZCash to recent Bitcoin Private most of the popular crypto currencies are seem to be using Equihash mining algorithm, why is that?
Benefits of Equihash Algorithm: Equihash is ASIC resistant and this proof of work algorithm is purely memory oriented. It means the amount of mining relies on how much memory your hardware have. Due to its memory intensive nature it’s really hard to build a cost effective specialized hardware chips. This algorithm is optimized and its more efficient; which can be mined using standard PCs that has more RAM power. Following are the list of coins on Equihash.
Equihash Coins list
- Bitcoin Gold (BTG)
- ZCash (ZEC)
- Bitcoin Private (BTCP)
- Komodo (KMD)
- ZenCash (ZEN)
- ZClassic (ZCL)
- BitcoinZ (BTCZ)
- Hush (HUSH)
- Zero (ZER)
- Bitgem (BTG)
- Zelcash (ZEL)
1. Bitcoin Gold – BTG
Bitcoin Gold is a fork of Bitcoin and except its PoW all of its specs are similar to Bitcoin. The main purpose of Bitcoin Gold is to bring decentralized mining again since in Bitcoin the mining is almost dominated by a very small number of entities. Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts.
Announcement: Bitcoin Gold Bitcointalk
Website: https://bitcoingold.org/
Max Supply: 21 Million
Block Time: 10 Minutes
Coin Type: PoW
Algorithm: Equihash
Difficulty Adjustment: Every Block
Segwit: Yes
2. ZCash – ZEC
ZCash is a decentralized open source crypto currency that offers privacy and selective transparency of transactions. In ZCash while the payment details are published on public blockchain, the sender, recipient and the amount info remains private. ZCash is a peer to peer crypto currency based on Bitcoin Core. It uses zero-knowledge proofs for privacy and Equihash for mining.
Announcement: ZCash Bitcointalk
Website: https://z.cash/
Max Supply: 21 Million
Block Time: 2.5 Minutes
Coin Type: PoW
Algorithm: Equihash
Block Reward: 12.5 ZEC
3. Bitcoin Private – BTCP
Bitcoin Private is a new peer to peer and decentralized crypto currency similar to Bitcoin. Its forked and it uses the same privacy technology as ZClassic (zk-snarks). Bitcoin Private is a fast, open source, privacy and community-driven coin which is a co-fork of Bitcoin and ZClassic.
Announcement: Bitcoin Private Bitcointalk
Website: https://btcprivate.org/
Max Supply: 21 Million
Block Time: 2.5 Minutes
Coin Type: PoW
Privacy Protocol: zk-SNARKs
Algorithm: Equihash
Block Reward: 1.5625 BTCP
Block Halving: 210,000 blocks
4. Komodo – KMD
Komodo is more than just a coin. It is Money, It is Fuel and it is Gateway. It’s a platform that offers tokenization mechanism, and zero knowledge proofs. Komodo is a end-to-end blockchain solutionsprovider empowering developers to build freely and participate in creating the largest open blockchain network.
Announcement: Komodo Bitcointalk
Website: https://komodoplatform.com/
Max Supply: 200 Million
Block Time: 30 Seconds
Coin Type: PoW / PoS
Algorithm: Equihash
Block Reward: 3 KMD
Classification: Platform
5. ZenCash – ZEN
ZenCash is a platform designed for private communications and private economic activity. Cutting-edge cryptography and zero knowledge proofs enable fully anonymous peer to peer communications with ZenCash. ZenCash’s distributed and encrypted networking design is resistant to traffic correlation and metadata analysis.
Announcement: ZenCash Bitcointalk
Website: https://zencash.com
Max Supply: 21 Million
Block Time: 2.5 Minutes
Coin Type: PoW
Algorithm: Equihash
Block Reward: 12.5 ZEN
Reward Halving: Every ~4 years, as per Bitcoin
6. ZClassic – ZCL
ZClassic is a fork of Zcash with minimal changes except for 2 major things. 20% Founders Reward and slow start by ZCash is removed. ZClassic is an open source decentralized cryptocurrency that is completely focused on privacy. Now it looks like this project has been dropped since the developers of ZClassic are focusing on developing Bitcoin Private.
Announcement: ZClassic Bitcointalk
Website: https://zclassic.org/
Max Supply: 21 Million ZCL
Block Time: 2.5 Minutes
Coin Type: PoW
Difficulty adjustment algorithm: Digishield V3
Algorithm: Equihash
Block Reward: 12.5 ZCL
Reward Halving: Every 4 years (same as Bitcoin and ZCash).
7. BitcoinZ – BTCZ
BitcoinZ is a fully decentralized network that offers decentralized mining and anonymous transactions. It’s a proof-of-work only mineable coin that is totally community driven with no pre-mine or ICO.
Announcement: BitcoinZ Bitcointalk
Website: https://btcz.rocks/
Max Supply: 21 Billion
Block Time: 2.5 Minutes
Coin Type: PoW
Algorithm: Equihash
Block Reward:12,500 BTCZ
8. Hush – HUSH
Hush is a private crypto currency and messenger on zero knowledge proof encryption. It offers high standard of privacy preserving confidentiality of transaction metadata. Hush also has private messaging feature for pseudonymous and anonymous communications
Announcement: Hush Bitcointalk
Website: https://myhush.org/
Max Supply: 21,000,000 HUSH
Block Time: 2.5 Minutes
Coin Type: PoW
Algorithm: Equihash
Block Reward:12.5 HUSH
Difficulty Adjustment: Every block, Digishield V3
9. Zero – ZER
ZERO is fork of Zcash. It has security of Bitcoin, privacy of Zcash and few other improvements. Zero was created by zero currency as a means to improve Zcash features. ZERO includes the best privacy and anonymity technology available today.
Announcement: Zero Bitcointalk
Website: https://zero-currency.com/
Inflation: There is a stable supply of 7200 zero per day.
Coin Type: PoW
Algorithm: Equihash
Block Size: 4 MB
10. Bitgem – BTG
The BTG wallet allows you to create colored gems with various characteristics and qualities. These new gems can easily be created in the wallet and the new gems can be sent to other BTG users. There are four broad types of gems you can create, Diamonds, Rubies, Saphires and Emeralds.
Note: Looks like this project is dead so before mining DYOR.
Announcement: Bitgem Bitcointalk
Total Supply: 21000000
Coin Type: PoW
Algorithm: Equihash
11. Zelcash – ZEL
Zelcash is a complete privacy and anonymous crypto currency that uses zkSNARKs technology. It is a cross-chain decentralized development platform that uses Equihash and Ethash blockchains.
Announcement: Zelcash Bitcointalk
Total Supply: 210,000,000 ZEL
Block Time: 2 Minutes
Coin Type: PoW / PoS
Algorithm: Cross-chain, Equihash (POW-mineable) and Ethash (POS for DAPPS)
Block Reward: 150 ZEL (halving every two years)
As usual we’ll update this listing when we find a coin that is based on Equihash. If know any new coins then please do mention it in comments section.
Keep up the good work educating people on Blockchain, Cryptocurrencies & Decentralized Mining! Things move fast in the crypto space, so after reading just had to let your audience know of the latest update on Equihash POW. Just in the last few weeks we’ve seen a lot happen in GPU mining, ASIC-product-launches & ASIC-resistance. Bitmain unveiled their Equihash ASIC to the public, validating rumours and thus indicating that Equihash-ASICs have been mining various blockchains for quite some time now. USD$1999 (ship 20-30 june) and it does 10,000 Sol (10ks/s), that’s the equivalent of 15 x 1080tis using less than a tenth of the power. Bitmain has been known to secretly mine with secret unpublicized ASICs before announcing their existence, presale price and long before shipping. GPUs are far less risky and help keep things decentralized. The general public still wont have their hands on them til June 20-30, which makes them a potentially risky investment.
When it happened to the ‘proper’ privacy coins, the leaders showed their ‘no compromise’ status, many Cryptonight POW coins hardforked last month to render those ASICS unusable. This separated the classes into lame and “game on”, with Sumokoin and Monero earning their stripes, showcasing the utmost competency in blockchain/mining tech, holding strong in the fight against centralized ASIC POW advantages that lead to power and wealth centralization. Based on network hashrates it’s estimated Bitmain’s secret Cryptonight ASICs were mining 50% of Monero’s hashrate before the hard fork.
Anyone interested in more on the subject should have a read of this exceptional piece on GPU v ASIC cyrptocurrency mining from the Sia Dev Team https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b
Good info thanks for sharing!
BCRM (Bitcoin RM) is also Equihash PoW
Please consider adding PirateChain (ARRR) which is the most secure and anonymous coin around, all based on Equihash algo.
Pirate.black
Piratechain (arrr) also uses this