Examples of using Scrypt in English and their translations into Indonesian
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These algorithms are Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.
Cloud mining Ethereum based on Ethash algorithm with HashCoins SCRYPT.
Litecoin is merely a Bitcoin clone with a scrypt algorithm instead of SHA256.
Scrypt is the second most popular mining algorithm in the cryptocurrency world.
Bitcoin uses SHA256 for the proof-of-work algorithm, whereas Litecoin uses scrypt.
People also translate
While Litecoin has always been mined with Scrypt, Litecoin Cash is a proof of work cryptocurrency securing the network using the SHA256 hashing algorithm.
Bitcoin uses the longstanding SHA-256 algorithm,while Litecoin uses a relatively new algorithm called Scrypt.
Support for the simultaneous use of several algorithms like SHA-256 used by Bitcoin and Scrypt used by Litecoin, on CPU, OpenCL, and Proxy drivers.
While Bitcoin uses the longstanding SHA-256 consensus algorithm,Litecoin uses a relatively new algorithm called Scrypt.
The use of scrypt means that miners can not use SHA-256 in bitcoin mining equipment, and that dedicated FPGA and ASIC devices are used for complex mining.
In October 2011,Litecoin was released and became the first successful cryptocurrency to use scrypt as its hash function rather than SHA-256.
Litecoin can create a new block every two and a half minutes, instead of Bitcoin's ten, because among the innovations Mr. Lee brought toLitecoin was to substitute the SHA-256 hash for scrypt.
For example, as of May 30, 2018, HashFlare Scrypt and SHA-256 currently take 3,828 and 3,983 days(or a little over 10 years) to reach ROI on BTC respectively according to this calculator from Coinstaker.
It was a fork of the Bitcoin-Qt client, differing primarily by having a decreased block generation time, increased maximum number of coins,different hashing algorithm(scrypt, instead of SHA-256), and a slightly modified GUI.
For example, as of May 30, 2018, HashFlare Scrypt and SHA-256 currently take 3,828 and 3,983 days(or a little over 10 years) to reach ROI on BTC respectively according to this calculator from Coinstaker.
It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time(2.5 minutes), increased maximum number of coins,the different hashing algorithm(scrypt, instead of SHA-256), and a slightly modified GUI.
The consequences of using scrypt mean that there has not been as much of an‘arms race' in litecoin(and other scrypt currencies), because there is(so far) no ASIC technology available for this algorithm.
Although Verge employs a mining tactic involving five different algorithms, which should stop attackers in their tracks,the villains successfully took advantage of the Scrypt and Lyra2Re mining algorithms to orchestrate a viable 51% attack.
Scrypt tends to be the more memory intensive of the two- however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with- yet.
In recent years, however,companies such as Zeus and Flower Technology have brought Scrypt AISCs to the market, suggesting that Litecoin's vision of easily accessible mining may become a thing of the past.
In addition, it uses scrypt as its proof-of-work algorithm, which was aimed to make it impervious to ASIC mining, although several companies say they are planning to launch scrypt ASIC miners in the near future.
Based on our experience with crypto world, mining, exchanging and working with different projects on blockchain,we start developing the idea of a new coin based on scrypt algorithm, witch aims at supporting a platform for child's development stages.
However, because Litecoin uses scrypt(as opposed to Bitcoin's SHA-2) as a proof-of-work algorithm, the use of mining hardware such as ASIC miners or a GPU mining rig requires significantly more processing power.
A peer-to-peer network similar to bitcoin's handles Litecoin's transactions,balances and issuance through scrypt, the proof-of-work scheme(Litecoins are issued when a small enough hash value is found, at which point a block is created, the process of finding these hashes and creating blocks is called mining).
The consequences of using scrypt mean that there has not been as much of an‘arms race' in litecoin(and other scrypt currencies), because there is(so far) no ASIC technology available for this algorithm.
A peer-to-peer network similar to bitcoin's handles Litecoin's transactions,balances and issuance through scrypt, the proof-of-work scheme(Litecoins are issued when a small enough hash value is found, at which point a block is created, the process of finding these hashes and creating blocks is called mining).
Compared to SHA-256, Scrypt hash rates for successful coin mining generally range in the kilohashes per second(KH/s) or megahashes per second(MH/s) areas of difficulty, which can be achieved with regular computers without the need of ASICs or other hardware.
Litecoin was also the first cryptocurrency to implement the Scrypt algorithm in an attempt to end the prevalence of GPU-based mining, and although that didn't quite happen, Scrypt-based currencies like Litecoin and Dogecoin still offer the advantage of possibly increasing the dividends and computational efficiency of mining them.