Ehsminer, a Paris-based company specializing in IT security and worldwide promotion and adoption of cryptocurrencies, is not new to the mining industry.Haikel Ben Hmida, the company CEO, has been into mining since 2011.After ordering Bitcoin miners from Butterfly Labs he decided to launch his own mining product.The choice fell on Litecoin since that area was still uncharted with no competitors present.A company spokesperson told Cointelegraph: “Since the launch of Litecoin, mining is still profitable.It is Bitcoin mining which is considered difficult because of the mass of big players being in place.We are thinking to realize other miners specialized in X11 and even in private algorithms.We have gained experience during the last three years of experimentation.Bitcoin uses SHA256 as the only hashing function, and if it is broken, all the network will be compromised.X11 uses a sequence of eleven scientific hashing algorithms for the proof of work, if ten of them are broken, the whole network remains working.

Bitcoin cannot monopolize the cryptocurrency space.” Competing with China The company has grown and is now set to shake off Chinese manufacturers of mining equipment from the podium.It is already a great challenge to produce high-quality equipment and ensure profitability over a long period.Competition with China is quite fierce since everyone has to be aligned to market price and keep in parallel scalable and energy-friendly products.Besides, the memory cost and its power consumption is another pressing challenge for the industry.A Ehsminer spokesperson said: “Litecoin, Dashcoin, Zcash and others cryptocurrencies are ASIC-resistant.It means that there will be no significant speedup by implementing the algorithm in an ASIC, as compared to a CPU/GPU-based implementation.This is usually achieved by requiring a lot of memory, which when implementing this on an ASIC, translates to needing lots of physical area on the chip.Also, this means that the ASIC will be so expensive that mining cannot be profitable.” Ehsminer develops its own mining architecture Ehsminer is taking the lead to resolve this problem by developing a low-cost, optimized and dedicated memory IP for the cryptocurrency industry.

It has developed ACSMA, a Litecoin mining architecture, where every single asset is in continuous operation, and every step of the scrypt algorithm is mapped to an optimized unit.Looking at the architectural side of the multiple mining cores solutions, the Ehsminer team found that in all cores and at a particular time, only a small fraction of the electronics is used.Therefore, the company has come up with a new approach to connect unit cores and optimize the operation of transistors.According to the Ehsminer team: “The great barrier to carrying crypto algorithms to ASICS is memory and power consumption.For example, Zcash uses Equihash as a memory-oriented proof-of-work.This algorithm needs memory to function making the use of ASIC unprofitable given the cost of developing and producing the ASIC.Our approach is to develop our own memory dedicated to these algorithms which will enable us to produce ASICS at low cost.This IP memory is under development in collaboration with one of our partners.” ACSMA has been designed to increase the hash rate by using an architecture organization.

A company spokesperson told Cointelegraph: “We believe that at this point in time, this memory, which is considered as the denser part of a Litecoin miner, will be optimized in ways never seen before.We hope this will be enough to catch up with the current offerings.In our view, a 2Gh miner with new components will be possible at prices equivalent to those of the current Chinese offerings.” Another product currently being developed and tested by Ehsminer is a more classical Litecoin architecture similar to those already present on the market.litecoin donationThe company is planning to produce this solution in 14nm following the demand.litecoin mining for macUsername * First Name Last Name Email * Password * Repeat Password * You registration completed successfully.litecoin return on investment

Confirmation email sent to email address provided.Email * Password *Litecoin Miners To Account For $195 Million in AMD GPU Sales?- CoinAxis Friday, 13 December 2013 News Litecoin miners to account for $195 million in AMD GPU sales?With the recent run up in prices in litecoin, the second most popular crypto-currency reached a market cap of $1 billion dollars in November.ethereum libraryLitecoin had traditionally hovered around $3.00 for several months, then rose to an all time high of $48.focus bitcoin banque de franceLitecoin's meteoric rise has recently outpaced bitcoin, which topped the $1200 mark around the same time.bitcoin verkaufen berlinLed by promising news of broader adoption by some of the larger currency exchanges, such as Mt.

Which says it will fully support litecoin when they've completed the implementation of their new trading engine, code named "Midas".This news has led Coinbase, the largest US based crypto-currency payment processor, to state that they will adopt litecoin after the Mt.Gox, and Bitstamp implementations.Where does AMD (Advanced Micro Devices, NYSE: AMD) come into play?Litecoin utilizes AMD GPU's to mine, and secure the network.These GPU's are perfect for litecoin mining, as it uses a different proof of work algorithm called Scrypt.This algorithm requires a larger memory (RAM) footprint than bitcoin's SHA256.With the recent flood of ASIC hardware in the bitcoin network, there are fears that large mining operations can procure significant portions of network power, further consolidating the creation of bitcoins.While there is more evidence of this happening, it is difficult to quantify the outcome, but it is still a growing concern among some long-time bitcoiner's.When the bitcoin FPGA & ASIC mining hardware hit the scene, it was not profitable for the vast amount of GPU's.

These GPU mining operations either turned off their equipment, but most likely switched to litecoin as a profitable alternative, as evidence, the litecoin network has steadily grown.The current network hashrate is around 90,000 MH/s for the litecoin network.By comparison this would equal 90,000 GH/s in the bitcoin world, as the Scrypt algorithm reduces the speed at which a GPU can perform the complex proof of work calculations.For many months the ratio of the litecoin network hashrate/price was 30,000MH at $3.00 USD.This would have placed the total value of AMD graphics cards at nearly $17 million, using the equivalent of the AMD 7970 GPU at $400 each.Typically the price scales to the network hashrate (speed), this means with the current litecoin price of $30.00, the network hashrate should scale to 300,000 MH/s.This is the equivalent of 390,000 AMD R9 290 GPUs.This places the AMD GPU sales at $195 million, that accounts for roughly 10% of AMDs yearly GPU revenue, solely with the litecoin network.

With the rapid increase of adoption in litecoin, AMD stands to benefit greatly from this growing market segment.The question is, how is AMD going to respond to the growing demand for its GPU products.The larger question is if NVIDIA will finally roll out compatible GPU cards for the litecoin network.AMD has monopolized the market when it comes to mining scrypt-based crypto-currencies.With the explosive growth and future potential, both AMD and NVIDIA would be wise to further their position in this market, and possibly create products to cater specifically to the mining of crypto-currencies.At the Inside Bitcoins conference, there was plenty of buzz about litecoin and its success.Charles Lee, the creator of litecoin was in attendance, along with his brother Bobby Lee, the CEO of BTC China, the largest bitcoin exchange in the world.Bobby explained in his presentation how popular litecoin is becoming in China, and elluded to the possibility that BTC China would start trading litecoin soon.