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Author: Admin | 2025-04-28
Decred is one of the most popular cryptocurrency which ranks @ 250 on CoinMarketCap. It is an autonomous digital currency with hybrid consensus system (PoW/PoS) which is focused on decentralization and open governance.Now Blake 256 algorithm is a unique PoW algorithm meaning Decred coin is the only project using it so far. However do not that this algorithm is not designed to be ASIC resistant. Easy and fast implementation of hardware is the main design goal of Blake 256. This has lead many different ASIC manufacturers to produce chips for Decred’s algorithm.So why Decred has chosen Blake256R14 as its hash function when there are other algorithms that are ASIC resistant?Why Decred chose Blake256? https://www.reddit.com/r/decred/comments/7rp46d/why_blake256/Just like every other mining algorithms Decred’s Blake256R14 was GPU mineable initially. In fact people use to dual mine Ethereum (before PoS) and Decred. But as ASICs entered the market the profitability of GPU miners has been killed off. ASIC’s not only killing GPU mining but it also making other ASIC miners obsolete.Blake (256) R14 ASIC minersIf you are interested in mining Blake 256 algorithm (Decred) and looking to make some profits then you need to look for an ASIC miner. But do note that machines that were considered powerful a few months ago has become useless now. As a result owners of these machines are looking for coins that are based on Blake 256 algorithm. As we said Decred (DCR) is the only coin and if you are currently owning Blake 256 ASIC then you can either mine Decred at loss or just put it aside.There is a website called www.asicminervalue.com. It has a live income estimation of all known ASIC miners. Just type the algorithm in the search tab and it will display all the ASIC miner models along with their hashrate, power consumption and profitability.Update: According to Asic Miner Value there are no machines available for mining this algorithm.Also learn more about Keccak (Sha-3 hash algorithm) which is a much efficient algorithm than Blake256. We are crypto enthusiasts and our main intention with Coin Guides is to educate people about Cryptocurrency and Blockchain technology.
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