For a new coin, what is the miners first choice of algo?

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Activity: 336

Merit: 11

Victorieum Digital Wallet Revolution

Quote from: wishingwell on December 09, 2017, 06:38:48 PM

Is there any clear choice or is it something like trying to get consensus on "the best food choice".

Requirements being to avoid centralization, and also to make it as fair as possible to miners to get involved. Some friends and I are talking about releasing a Dash clone for a specific community use case.

Is X11 OK, or should we look at others such as X13, Xevan or Neoscrypt?

Are there any tips that from a miners POV we need to be aware of?

Any opinions please?

Oh, I am forgetting to include PoS, so you would mine by staking which is ultralow consumption.

gregfromo

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use ASIC restistand and performing almost equal on RED/GREEN and using atleast 6gb VRAM
maybe nist5, equi192/7

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member

Activity: 336

Merit: 11

Victorieum Digital Wallet Revolution

Quote from: wishingwell on December 09, 2017, 06:38:48 PM

Is there any clear choice or is it something like trying to get consensus on "the best food choice".

Requirements being to avoid centralization, and also to make it as fair as possible to miners to get involved. Some friends and I are talking about releasing a Dash clone for a specific community use case.

Is X11 OK, or should we look at others such as X13, Xevan or Neoscrypt?

Are there any tips that from a miners POV we need to be aware of?

Any opinions please?

Decide first, ASIC or ASIC resistant. If you choose ASIC resistant I would go for low energy consumption. Cryptonight would be my choice. Just fork Monero.

wishingwell

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Activity: 33

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Is there any clear choice or is it something like trying to get consensus on "the best food choice".

Requirements being to avoid centralization, and also to make it as fair as possible to miners to get involved. Some friends and I are talking about releasing a Dash clone for a specific community use case.

Is X11 OK, or should we look at others such as X13, Xevan or Neoscrypt?

Are there any tips that from a miners POV we need to be aware of?

Any opinions please?

Topic: For a new coin, what is the miners first choice of algo? (Read 286 times)