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Bitcoin cash mining algorithm
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JOIN BITCOIN MINING POOL
As you may or may not know, Bitcoin uses the SHA algorithm for mining, while Litecoin relies on the scrypt algorithm for proof of work instead. Scrypt is a sequential memory hard function, and it demands greater memory asymptotically than Bitcoin does. As the Litecoin mining algorithm is scrypt rather than the SHA algorithm, those mining devices which comprise ASIC application-specific integrated circuits can be tough to put together.
Sometimes, they may be even more expensive than Bitcoin-centric mining hardware. The scrypt algorithm is a password-based key derivation function, which was originally designed by a man named Colin Percival. You can add or change your payout address in your Payout Settings. Details about our payout method and fees can be found here.
We recommend Cobo Wallet or Bixin Wallet. You can also choose an exchange, such as Binance or OKEx. Note: You should always do your own due diligence when choosing a wallet provider or exchange. Please note: Until the network hashrate stabilizes, we recommend pausing payouts in your Payout Settings.
Since replay attack prevention has not yet been provided by the dev team, there may be issues with transferring tokens. Many exchanges and wallets are likely to pause deposits and withdrawls of BCHN during the hard fork.
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