The article discusses the changing profitability rankings of proof-of-work (PoW) algorithms in the cryptocurrency mining industry. At the beginning of the year, the Kheavyhash algorithm was the most profitable, but now Scrypt has taken the lead, particularly for mining dogecoin (DOGE) and litecoin (LTC). The article also mentions other algorithms such as SHA256, Blake2S, and Eaglesong, which have shifted in profitability rankings throughout the year. The hardware used for mining comes from industry leaders like Bitmain and Microbt. The article also highlights the record-breaking hashrates of cryptocurrencies like Litecoin, Dogecoin, Alephium, and Bitcoin, indicating the growing power of these networks. The changing profitability rankings and advancements in mining equipment and networks demonstrate the ongoing innovation and competition within the PoW ecosystem as 2025 approaches.
- Content Editor ( news.bitcoin.com )
- 2024-12-30
Today’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm