Each cryptocurrency works by its own specific encryption algorithm. Mining equipment directly decrypts a particular algorithm, which generates transaction processing and blocking. Thus, as a result, we get coins of some kind of crypto currency as a reward.

There are such popular algorithms among others so they are used for several blockers at once.

As you can see, there are a lot of common algorithms, but we can distinguish the most reliable and popular ones among them:

– X11 – used when calculating to receive Dash coins. It worked mainly only with video cards, but recently ASIC-miners for Dash began to produce this algorithm;

– X11Gost – algorithm providing the work of the crypto-socket Sibcoin, also known as “Siberian Chervonets”. This cryptocurrency is a branch from the Dash currency – its domestic counterpart. The algorithm is based on a hash function that meets the requirements of GOST R 34.11-2012;

– SHA256 – algorithm, which operates the most common at the moment, Bitcoin cryptocurrency. In connection with the prevalence of the algorithm, the video cards no longer provide enough power for at least some normal earnings, as they were promptly pushed out by the Chinese ASIC-miners. The algorithm of SHA256 is based on most other algorithms, to some extent copying Bitcoin. Among them, and a fresh Bitcoin Cash;

– Decred – used in the same crypto currency. It is a modification of Blake256. Normally, it is on video cards. Often Mining Decred is carried out in parallel with the mining of DaggerHashimoto with the help of special programs;

– Ethash (DaggerHashimoto), which produces the well-known Ethereum. For Ethereum mining it is recommended to use video cards with a high memory capacity. AMD cards are better adapted to the algorithm, but also video cards from Nvidia 10 series cope quite well;

– Scrypt provides the work of “digital silver” – Litecoin. The algorithm became very popular when ASIC-miners began to appear for Bitcoin mining. Now, ASIC-miners have appeared for the Scrypt algorithm, and the corresponding script is also unavailable for most of the miners;

– Equihash gives life to the currency of Zcash. This crypto currency is now very common among the miners on graphics cards like in Ethereum, the network complexity has greatly increased;

– CryptoNight provides Monero work. It differs from most other popular algorithms in that it is well computed on processors. Of course, on some processors the farm can not be built, but they are quite capable of bringing a pleasant bonus to earnings.

Extended table of encryption algorithms crypto currency