7950 184MH/s Skeincoin
7950 2.04GH/s Blakecoin
power inefficient compared with Blake-256!
SHA-256 is faster and more power efficient than Skein
you are most welcome to ask BigVern how a coin gets on cryptsy
"Do more advertise"
if I get the time I always try but not easy
I think energy efficiency argument is bullshit. It doesnt matter if the whole network is hashing with 1KH/s or 100TH/s. Changing difficulty will ensure that blocks are found at the same rate in both cases.
it does matter but it does not effect block time which is the limiter on coins produced per day/hour etc.
if Blake-256 gets as popular as Scrypt then it will make a huge difference to cost and power usage
From my own tests on Blake with my GPU rigs show they draw less power from the wall than either scrypt or sha-256 for the same mining process, this also effects fan noise and heat output!
here in the UK electric is expensive ~15 pence per kWh, so energy efficiency of the algorithm is a very important factor and so is cycles per byte as efficiency of the hashing algorithm directly relates to operations per second, silicon space and power usage *This is a Fact! and a fundamental principle!, this is not the case with resistance or memory hard algorithm's which claim a lot but often fail to deliver e.g Litecoin/Scrypt *Which started the GPU/FPGA/ASIC resistant, slow algo myth
GPU Only Rig3+Rig4 Results(shared power meter at wall):
- Blakecoin = 1876W avg
- Bitcoin = 1932w avg
- Litecoin = 2139W avg
so if we ignore difficulty and reward, Blakecoin is ~14% more power efficient than Litecoin for the same rigs! and if we factor in that Blakecoin is merge mine capable then it would be orders of magnitude more power efficient each coin we could merge mine!
so my rough calculations for power usage over a year on these GPU rigs looks something like this:
Litecoin ~ £2802.95
Blakecoin ~ £2458.31
now multiply that by all the rigs using GPU and Mining Scrypt based coins you are talking a LOT of power/money wasted!
energy efficiency on the FPGA with Blake-256 is awesome, doing about 2x the hashing compared with SHA-256 for the same power usage, same would be true if Blake had an Asic (faster, cheaper, more power efficient to run)
higher hash rate means that a bruteforce guess has more chances of finding that needle in a hay stack if the diff goes high due to a pump/spike.
the larger the set (hashrate) the greater the probability of finding a random guess for any difficulty hence why Scrypt based coins get stuck so much in pumps as you still need to get to the retarget
Quote from wikipedia:
"In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. The LLN is important because it "guarantees" stable long-term results for the averages of random events."
en.wikipedia.org/wiki/Law_of_large_numbers- block find is the random event in mining
this is the type of search mining is doing if you wanted to do the maths for exact numbers:
en.wikipedia.org/wiki/Stochastic_processen.wikipedia.org/wiki/Convergence_of_random_variablesthis is also useful:
en.wikipedia.org/wiki/Probability_distributionthe only reason a miner joins a pool is for better average payouts due to higher hash rate and better block find average's