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January 28, 2019, 07:00:31 AM |
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The above poster is correct. The reason why dual mining was possible was because DaggerHashimoto algo which is used by ETH uses actually very little GPU compute power, most of the work is done by the memory, the GPU compute actually sits idle most of the time. Hence the reason why 2 years ago he came out with the bright idea to make it dual-mine.
So people were amazed how with only 30-40 extra watts of power you can mine at the same time an entirely different coin with absolutely no speed loss for ETH.
So algos which don't require any memory for hashing such as SHA256 or Keccak can easily be implemented however the issue is that these algos are very easy to replicate with FGPAs and ASICs. Since the BTC SHA256d was becoming very difficult to make more efficient ASIC manufacteurs moved onto the dual mine algos and basically killed all our profitability.
I remember back in the day you could make like $5/day with ETH plus like an extra $1/day with SIA with an basic RX 470 4GB GPU.
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