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 | Greetings. 🤗 Today we will tell you about the PYRK project and about its features. submitted by VS_community to pyrk [link] [comments] 💡 PYRK is a privacy centric cryptographic currency based on the work of Bitcoin, Dash, and Digibyte. 📌 Built for the community, we've taken some of the best features of the top utility coins to create a new coin which launched on May 12th, 2020. ⚙️ PYRK’s improvements include triple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, Community Fund Governance, and Simple Tokens based loosely on the Color Coins protocol. 🔹 PYRK has borrowed from DASH all the best features. Fast work speed. The ability to deploy masternodes and the ease of mining, and all this at very low fees. 🔹 Multishield is a "difficulty retargeting" method to maintain the "average" block timing, by automatically changing the complexity of mining on the network. 🔹 Thanks to the PYRK’s Triple Proof-of-Work algorithm, it is possible to mine on different algorithms, including SHA256, Scrypt, and X11. Thus, it is very unlikely for a single miner to attain 100% of the hash rate of a single algorithm. 🔹 In PYRK, anonymity is the cornerstone, so we use a technology called PrivateSend, originally developed by DASH. PrivateSend decentrally mixes all your coins with strangers, giving newly generated addresses, allowing you to maximize transaction privacy. 🔹 You can run a masternode. In PYRK Masternodes are all paid from generated block rewards. The Masternode rewards start at block 10,000 and the master node network receives 20% of the block reward. 📢 Read more about the PYRK project and why it is worth investing in on our website: https://pyrk.org/ https://preview.redd.it/vwty1esxlej51.png?width=1200&format=png&auto=webp&s=c168950275250eeb05eb65adafa6dced51bded5b |
 | Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms. submitted by VS_community to pyrk [link] [comments] 📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business. 📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks. 📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11. 🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts. 🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency. 🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function. Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining. Read more about PYRK mining solutions here: https://www.pyrk.org Read our Whitepaper to know more about the project: https://www.pyrk.org/Pyrk-Whitepaper.pdf https://preview.redd.it/rxmlr7wt1k251.png?width=1200&format=png&auto=webp&s=162f9ddaacb3cf3e137638464a208bdf25e50a21 |
 | Hello! 👋🏻 In this post, we will tell you about the place of cryptocurrencies in the portfolio of a modern investor. submitted by VS_community to pyrk [link] [comments] 📌 Previously, cryptocurrencies were perceived by many as just a toy for enthusiasts who, for some reason, do not like modern money. 💰 Now, cryptocurrencies have become full-fledged money for many, with excellent potential for investing not only in coins but also in the projects themselves, which offer their revolutionary solutions. 🔹 The principle of digital money boils down to the fact that only occasionally some cryptocurrencies can have an additional emission. Most of the coins are only produced in limited quantities. 🔹 Here you can draw an analogy with gold. In the world, its quantity is limited, but it is a valuable asset that will always have a high value and will inevitably grow in value over time. 💎 This is how Bitcoin is perceived by many. And if you look at the chart of Bitcoin and gold, you can find many similarities. 📈 In addition to Bitcoin, there are many other altcoins that tend to grow in value. This was the case, for example, with ETH, which has grown by over 1000% over several years. 💰 Thus, in the long term, the cryptocurrency levels out in price and has the potential for growth and contributes to the diversification of the investor's portfolio. Therefore, cryptocurrency has great investment potential and should be in the portfolio of every investor. 🔹 PYRK is a crypto coin based on such projects as Dash and Digibyte and has a high degree of anonymity (Privatesend). 🔹 PYRK is a highly technological coin with a number of unique solutions, including a triple mining algorithm (SHA256, Scrypt, and X11), instant transaction via InstantSend, etc. 🔹 In addition, PYRK is attractive by the possibility of generating passive income through the deployment of masternodes. Purchase PYRK here: http://pyrk.org/ https://preview.redd.it/bapt7gw83tf51.png?width=1200&format=png&auto=webp&s=a87ea34023d403dca84e272011686f00d9ba1463 |
 | Hi, everyone! 👋🏻 Today we will tell you a little bit about the PYRK ecosystem. submitted by VS_community to pyrk [link] [comments] As many of you might know, blockchain ecosystems are the groups of actors who interact with one another within the world of blockchain and with the surrounding off-chain world. You can ask why do we need that? This is why. First of all, it helps to build many technical and technological solutions. It provides an ability to build partnerships. Joining the network you’ll be able to enter the international market. And, of course, environmental development helps you to improve your business reputation and your status. 📌 PYRK is a privacy-centric cryptographic currency based on the work of Bitcoin, Dash, and Digibyte. 📌 Many modern cryptocurrencies use a single algorithm Proof-of-Work mechanism, which can lead to 51% attack avenues on currencies. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: SHA256, Scrypt, and X11. Thus, there is a far less chance of any single person gaining a majority hash rate share. 📌 Moreover, PYRK uses the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining. MultiShield is designed to let the difficulty "fall" very fast, in order that the chain doesn't freeze. 💡 A future improvement planned for Pyrk is Simple Tokens. This is similar to the SLP (Simple Ledger Protocol) used by Bitcoin Cash. 💪🏻 As you can see, the system is growing and developing very fast. Become a part of our community! Take advantage of our inventive and growing ecosystem! Check out PYRK website to know more about the project: https://www.pyrk.org Read the Whitepaper to learn more about PYRK ecosystem: https://www.pyrk.org/Pyrk-Whitepaper.pdf https://preview.redd.it/zdxbw99zpk051.png?width=1200&format=png&auto=webp&s=6f759439a58bcf5aaaad074dc20f870ce204dd05 |
Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market. Mine bitcoin through the cloud, get started today! Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin $10,713.83 $55.29 $353.78 $93.34 $4.96 $68.89 $46.09 Follow @WhatToMine dark mode What To Mine Currency Stratum Port Round Shares Last Block Profitability ( /GH/sec/day) Pool Speed Merged Mining; CannabisCoin (CANN) 3375: 1032314880: 8237.22h: 0.0000: 0.00 H/s: Enabled X11 is an algorithm for mining cryptocurrency which uses 11 different hash functions. X11 algorithm is more complicated than a SHA -256 in Bitcoin, which prevented the use of ASIC miners for a time. Review of X11, ASIC Miners, Mining Pools list and etc. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining?
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