Sinovate Reveals Algorithm That Resists ASIC and FPGA Mining $$$

[Lillyflow]

SINOVATE Reveals X25X Algorithm Which Resists Unfair Commercial Mining Advantages

PRESS RELEASE  UPDATED: JUN 20, 2019 16:07 EDT Written by Lori Brown and syndicated to mainstream media

Sinovate Introduces X25X Algorithm Resistant to Commerical Mining Advantages. Mining rigs of a more modest, more affordable setup, known as GPU miners are given a fair shot at accumulating substantial amounts of SIN Coin.

LAS VEGAS, June 18, 2019 (Newswire.com) - SINOVATE (SIN) revealed X25X, a new algorithm that enables fair mining conditions by resisting the dominance often associated with ASIC and FPGA miners. The X25X Proof-of-Work algorithm theoretically resists even quantum level mining operations.

There are several factors that set the tone of fair play in this new algorithm according to the X25X Whitepaper. Implementing a much longer algorithm chain of 25 creates the need for ample chip space to accommodate the entire chain. This new algorithm chain would be strenuous on FPGA and ASIC mining equipment, beyond a cost-effective measure. The same memory requirements are very easily handled in GPU miners, thanks to their RAM capabilities. As an added benefit, the X25X enhancement offers relatively low power consumption for GPU miners.

Another clever way X25X defeats the powerful, commercial mining rigs is a stage that prevents optimizations that would normally be put in place to circumvent the consensus process. Shortcuts will be improbable and impractical for X25X to be implemented. This promotes the writing of code that is more valuable both in terms of quality and hash-rate.

“X25X is the natural evolution of X22i, the previous algorithm used for SUQA with further improvements on ASIC and FPGA resistance. It aims to help rejuvenate and sustain the GPU mining community and provides decentralization of the network.”  Tamer Dagli, SINOVATE CEO

 

 

The original written by Lori Brown aka Lillyflow can be seen at sinovate.newswire.com 

[Hoffguy]

wow nice press release lillyflow! Interesting I see pros and cons to this approach. Pros is that by creating a level playing field for 'community' miners, vs 'commercial' miners, the coin will gain more publicity as more people mining it, and those miners will likely expose the coin to their network of friends / colleagues etc! cons are that the coins will not be mined as fast maybe? I guess it depends on if the community of miners that adopt the mining has a stronger collective GPU power, than the 'commercial miners' who have had their advantage taken away. 

what do you think is the reason for this? i find it interesting that a company would want to take advantage away from commercial miners, what do they gain from it? is it good or bad for the coin? or for the crypto ecosystem as a whole?!

[Lillyflow]

5 minutes ago, Hoffguy said:

wow nice press release lillyflow! Interesting I see pros and cons to this approach. Pros is that by creating a level playing field for 'community' miners, vs 'commercial' miners, the coin will gain more publicity as more people mining it, and those miners will likely expose the coin to their network of friends / colleagues etc! cons are that the coins will not be mined as fast maybe? I guess it depends on if the community of miners that adopt the mining has a stronger collective GPU power, than the 'commercial miners' who have had their advantage taken away. 

what do you think is the reason for this? i find it interesting that a company would want to take advantage away from commercial miners, what do they gain from it? is it good or bad for the coin? or for the crypto ecosystem as a whole?!

Totally great questions Hoffguy. 

I know the reason is to increase the perceived fairness for the mining community of the more modest setups. ASIC and FPGA miners tend to swoop in on all projects and dominate to a point that shoves the "mom and pops shops" down to the bottom and eventually they cannot mine against the commercial gigs at all- so they get shut out completely and have difficulty in finding a profitable option. 

The Sin team is made up of old school miners and crypto vets and they want to keep the playground a fair place. lol 

To answer your other question - I do not necessarily think this will make the coin the most popular amongst the whales BUT the community far outnumbers them so oh well.  This coin will be a rare circumstance. We shall see. Binance tweeted about them - and that is a huge nod in our direction. 

I see only good things for Sin coin in the future. I have no crystal ball to tell the future with though. 

[viktorbitoin]

15 minutes ago, Lillyflow said:

decentralization of the network.”  Tamer Dagli, SINOVATE CEO

 

 

The original written by Lori Brown aka Lillyflow can be seen at

Thanks for the information, I'll go to the site and read everything in detail!

[Lillyflow]

7 minutes ago, viktorbitoin said:

Thanks for the information, I'll go to the site and read everything in detail!

Awesome. You will find my photo on the team page there. 😃

You should check out the Infinity Nodes press release - I will share it shortly here. 

[Kate]

Oh so you write it on the page there and then paste it here ? I dont think that still is good but thanks for the info. I always liked ASIC mining than all the rest of them 

[Etude]

Nice to know about this Lori, I have learn something new today.   You are a great write Lori keep it up! 

[DreamStage]

Hum very interesting topic.

I am also happy to see one more algorithm for mining and from its specifications i do believe it will be a top one

[wry]

On 6/22/2019 at 7:53 AM, Lillyflow said:

The same memory requirements are very easily handled in GPU miners, thanks to their RAM capabilities.

The idea of how to level the playing field between miners is always interesting and I always figured impossible, after all the AS in ASIC stands for Application Specific.  So if the chip itself is designed to do something well it's hard to beat that.  I'm sorry I have not read the white paper and probably wont, but it seems like an easy fix for someone to simply marry some RAM which is quite inexpensive to their ASIC or eventually Quantum in their miner and once again trounce all the lowbies.

Noble goal and I hope you make a fortune from it Lori!

[Enzo]

This is quite interesting to see I've been waiting for something like this to happen for a long time now and I'm glad it finally did happen. We've needed the algorithm in order to create ASIC resistant coins.

[nikowin88]

Really interedting to see finally a future crypto that bring something really new and basic user friendly. I mean from what I understand it doesn't seem to have been developed just to get hand on a part of the juicy cake of crypto money. 

Will be looking forward to see how it goes

Thanks for the heads up