Topic: [ANN] New Hashing Algorithm Released - NeoScrypt (Read 3986 times)
a good new, new algorithm!
Read the white paper. All will be explained. Thanks ghostlander for posting the links. 
GitHub:
https://github.com/ghostlander/NeoScrypt
Whitepaper
http://phoenixcoin.org/archive/neoscrypt_v1.pdf
https://github.com/ghostlander/NeoScrypt
Whitepaper
http://phoenixcoin.org/archive/neoscrypt_v1.pdf
Looks ok to me. Hard to tell exactly whats changed without a diff.
Oh, 3 million clones in line with 99% scams
I guess it's better to keep the discussion in a single thread.
NeoScrypt: The Future of CPU and GPU Mining
NeoScrypt: The Future of CPU and GPU Mining
good job for the new algo.
Thanks didn't spot that one. Will feed it back.
I stopped reading when the PDF referred to "ASIC" as Application Specific Integrated Chip.
reading further, it sounds like this is a reduced memory version of Scrypt Jane. that is to say, the scratchpad size in bytes is halved. we'll see when it
s all said and done whether this is anything new.
reading further, it sounds like this is a reduced memory version of Scrypt Jane. that is to say, the scratchpad size in bytes is halved. we'll see when it
s all said and done whether this is anything new.
No your right its the press release only. White paper and github repo links still to come. it will be worth the wait!
it will be worth the wait!
AM I missing something or is the press release all that you linked. Is that considered the whitepaper? Idk, I'll be trying this algorithm and hopefully it brings new life to coins, but im skeptical.
No it's not like scrypt-n its an improved version of scrypt that deals with some of the known vulnerabilities. Its what Scrypt should have been. Obviously Scrypt was good for when it was created. But this is a more modern approach that will allow coins to become ASIC resistant again. At least for now.
I've read the white paper its very good. And should be available soon.
I've read the white paper its very good. And should be available soon.
+1 white paper looks good, I suggest to read it when published....
No it's not like scrypt-n its an improved version of scrypt that deals with some of the known vulnerabilities. Its what Scrypt should have been. Obviously Scrypt was good for when it was created. But this is a more modern approach that will allow coins to become ASIC resistant again. At least for now.
I've read the white paper its very good. And should be available soon.
I've read the white paper its very good. And should be available soon.
dump ? i don't think so ....
Looks like nothing new is coming into place except that it is like scrypt-n. Just more memory intensive then regular scrypt. Did I miss something important here? I get that it's faster on GPU / CPUS then current scrypt implementations would be, but honestly all of the coins posted so far are next to worthless in the long run.
cool starry
This is a good new, new algorithm!
NeoScrypt is being adopted by Phoenixcoin on the 10th of August then Feathercoin (Date To Be Determined) followed by UFOCoin and OrbitCoin.
See full press release here.
http://www.feathercoin.com/neo-scrypt-press-release.pdf
See full press release here.
http://www.feathercoin.com/neo-scrypt-press-release.pdf
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