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.bitcoin how to split walletWe hope this will be enough to catch up with the current offerings.mercado bitcoin chartIn 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.bitcoin aziendaThe company is planning to produce this solution in 14nm following the demand.bitcoin forum ro

Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully.Confirmation email sent to email address provided.i5 bitcoin miningEmail * Password *bitcoin rhode islandThere we go then.Another week complete in our bitcoin price trading efforts, and one that – as we noted this morning – has been a pretty rough ride.We were hoping for a it of a win on the outside lane today, something that we could go into the weekend on a high with.As it turns out, we got exactly that.We entered long on a break of resistance to the upside at 1051 earlier today, and set a take profit up at 1061.Price ran up pretty quickly towards our target, and we managed to get a take profit hit just recently.It’s a quick $10 profit on the position – nothing spectacular, but nothing to scoff at, and as we always say, a profit is a profit.

This brings us to our final analysis for the week, and as far as restating some of the levels go, it’s a relatively simple outline.Basically, we’re going to take this morning’s range, and shift it up in line with the trade from which we managed to draw a profit today.So, to see what this means for our key levels, take a look at the chart below.It’s a five-minute candlestick chart and it’s got our range overlaid in green.As the chart shows, the range we’re going for this evening is defined by support to the downside at 1051, and resistance to the upside at 1063.We’re not going to try and be too fancy here, so just breakout entries to close out the period.Specifically, if we see price break through resistance to the upside, we’ll be in long towards 1075.A stop on the trade at 1060 will take us out if price reverses.If we see a close below support, we’ll be in short towards 1040.Litecoin (LTC) Hashrate Analysis Post Halving 19, Sep 2015 Charlie Lee, the creator of of the popular alternative crypto currency Litecoin, has posted on Reddit a short and interesting analysis on why a few weeks after the first block reward halving the difficulty and price of LTC has returned to the level it was prior to the event.

Below you can find his post quoted: After the halving one would expect that either the price will go up or the hashrate must drop.This is because mining is designed with a Nash equilibrium of miner profit reaching 0 over time.So if miners are running at near 0 profit, and suddenly their revenue gets cut in half, miners would need to turn off their machines unless they are willing to mine at a loss.The halving happened, and the price stayed the same.The hashrate dropped a little but then climbed back up pretty quickly to the previous level.That’s really unexpected, but I think I have an explanation.I talked to some Chineses miners at Scaling Bitcoin and learned something interesting.Most miners have found electricity for free or close to 0 cost.Chinese hydro power plants are sometimes generating too much electricity.That electricity goes to waste if it’s unused.So these plants have either sold the electricity for near 0-cost or they have partnered with miners to give them free electricity for a revenue share.

So this makes total sense now.If the electricity is free or close to 0 cost, then there’s no reason for miners to shut down their machines.They make half as much, but still profitable.These miners have also been asking around at the conference to try to buy old outdated Bitcoin/Litecoin ASICs.With 0-cost electricity, they can keep those machines running and still make money.We considered the possibility that the reason behind was the introduction of newer generation of Scrypt ASIC miners from SFARDS and Innosilicon and the companies making them stacking up on hardware in their own mining data centers.But the possibility of a lot of Asian miners with zero cost to very very very cheap electricity mining with whatever hardware they can get and still profiting also sounds like a good enough reason.If that ends up being the actual reason it presents a bit of a problem for the normal home miners and small mining operations based outside of Asia that still need to pay for electricity and thus have higher cost for mining and smaller to no profit at all… In: General Info Tags: Charlie Lee, Litecoin (LTC), Litecoin block reward halving, Litecoin Difficulty, Litecoin price, Litecoin profitability, LTC, LTC block reward halving, LTC Difficulty, LTC price, LTC profitability Read More (3) Comments Litecoin (LTC) Difficulty Back to Where it Was 11, Sep 2015 After the recent Litecoin (LTC) block reward halving we’ve seen some drop in the total network hashrate and thus difficulty as well as a direct result from the new lower rewards as a result of mining.

The exchange rate of Litecoin did not change much, but with the lower difficulty things were looking like they would balance – smaller reward, but easier to mine.Interestingly enough a few days after the block reward halving the difficulty of LTC has started rising again and has already reached back the level where it was before the halving and it seems that it will continue to rise.This development rises some questions as to what is happening, so that the difficulty is rising and the exchange rate remains the same while the block reward is half of what it was previously.The only reasonable answer would be that somebody is bringing online new generation of more efficient Scrypt ASIC miners, otherwise with old generation hardware a lot of people would be mining LTC at a loss.There are not that many options available, probably SFARDS is stacking up their new SF100 miners for own use in a data center or maybe Innosilicon is ready with their next generation of Scrypt ASIC chips and are doing the same… In: General Info Tags: Litecoin (LTC), Litecoin block reward halving, Litecoin Difficulty, Litecoin price, Litecoin profitability, LTC, LTC block reward halving, LTC Difficulty, LTC price, LTC profitability Read More No Comments New Higher Litecoin Difficulty For the Next 3 Days 7, Feb 2014 The Litecoin Difficulty has increased after dropping significantly down to 2820 the previous time.

The new Litecoin difficulty is 3508 and that is an increase with a bit over 24% than the previous one.The result is that LTC mining profitability got lower and at the moment alternative crypto mining such as DOGE coins for example is even more attractive than directly mining for LTC than before.Another interesting crypto coin that recently has generated a lot of attention is VertCoin (VTC) as it is an alternative crypto that does not use the typical Scrypt method, but a modified one and is claimed to be Scrypt ASIC resistant.Protoshares are also another interesting option for GPU mining as they are also gaining more user interest since the recent adoption of GPU mining as they were previously mined only with CPU.And for CPU only mining Primecoin (XPM) is still a good choice, though the profitability is not that attractive as the one of coins that can be mined with GPUs.In: Crypto News Tags: alternative cryptos, Litecoin (LTC), Litecoin Difficulty, Litecoin profitability, LTC, LTC Difficulty, LTC mining profitability, LTC profitability, mining profitability Read More No Comments