What is the best algorithm to use for a new Altcoin?

[x86cam]

Hello everyone:

I'm a relatively young (16 year old) programmer, trying to push myself to learn new things (somewhat an inefficient programmer tbh).

For the past week, I've been attempting to create a new Altcoin to learn about cryptocurrency, which I thought it was ready, but turns out after I released it, the coin got mined through easily and people started running into issues. I was using SHA256 (since the only stuff I know how to make so far is Scrypt and SHA256). Also, it was the old Bitcoin release ( 0.8.0 ), so it had issues there.

I'm still learning this whole cryptocurrency deal, trying to figure out how to code more efficiently for these, so please excuse my noobish questions:

What would be the best algorithm to use for a new Altcoin?

The list of algorithms I've heard of so far:

• SHA256
• Scrypt
• X11
• X13
• X15
• Lyra2RE

[tromp]

What would be the best algorithm to use for a new Altcoin?

I think you mean proof-of-work system.

https://en.bitcoin.it/wiki/Proof_of_work
https://en.wikipedia.org/wiki/Proof-of-work_system

The list of algorithms I've heard of so far:

• SHA256
• Scrypt
• X11
• X13
• X15
• Lyra2RE

These are all hash functions that can be used in the Hashcash proof-of-work system.

[Tash]

Hello everyone:

I'm a relatively young (16 year old) programmer, trying to push myself to learn new things (somewhat an inefficient programmer tbh).

For the past week, I've been attempting to create a new Altcoin to learn about cryptocurrency, which I thought it was ready, but turns out after I released it, the coin got mined through easily and people started running into issues. I was using SHA256 (since the only stuff I know how to make so far is Scrypt and SHA256). Also, it was the old Bitcoin release ( 0.8.0 ), so it had issues there.

I'm still learning this whole cryptocurrency deal, trying to figure out how to code more efficiently for these, so please excuse my noobish questions:

What would be the best algorithm to use for a new Altcoin?

The list of algorithms I've heard of so far:

• SHA256
• Scrypt
• X11
• X13
• X15
• Lyra2RE

Any of the "X" coins is just a combination of different hash functions. In case of X11 its Sifcoin and Qubitcoin joined.
Sifcoin 6 hash (Blake, BMW, Groestl, JH, Keccak, Skein) + Qubitcoin 5 hash (Luffa, Cubehash, Shavite, Simd, Echo)
Be creative and make your own combination then you can clam inventor of X2, X6, Xwhatever

or others:
Script-Chacha
Script-N
Scrypt Jane
NeoScript
ZR5
Cryptonight
Blake-256
M7

[bathrobehero]

Personally I think anything GPU-based for fair distribution as not everybody have ASICs or botnets (CPU):

x11, x13, x14, x15, x17, jackpot, qubit, nist5, fresh, groestl, myr-groestl, quark, luffa, m7, blake (any), keccak (sha-3), heavy/hefty1, fugue256, deep, s3, spread, dmd-groestl, lyra2RE, pluck, whirl (any), zr5, skein (any), yescrypt, scrypt-jane, etc...

[YarkoL]

For the past week, I've been attempting to create a new Altcoin to learn about cryptocurrency, which I thought it was ready, but turns out after I released it, the coin got mined through easily and people started running into issues.

SHA256 is tricky in initial stages, since people have these usb miners, so
you need to start with quite heavy difficulty.

In my opinion Scrypt or X11 are fine... the PoW algo is just the engine
that makes the coin move forward in time, but what makes coin unique are
features on the transaction level.

That being said, if you want to explore this aspect, I recommend looking
at Blakecoin or Woodcoin.

[KingJo]

Creva coin, an electronic money developed by teams with experiences in developing bit coins, has an algorithm as bit coins d. 
 so crevacoin have best algorithm to use !!!

[-Lux-]

Creva coin, an electronic money developed by teams with experiences in developing bit coins, has an algorithm as bit coins d. 
 so crevacoin have best algorithm to use !!!

Crave fucking sucks

[StudyEconomics]

I think x11 is good for GPUs

[MaxDZ8]

Probably none of the above.

A friend of mine once suggested me to look into skein, I'd say I'm fairly positive about it by now.

Long hash chains are cryptographically nonsense, X11 or longer are just based on misinformation as far as I am concerned.

I liked qubit (X5, X11 'tail'). Look at JHA/Quark/Ziftr for something more interesting. The latter needs some work to be ported to GPU efficiently but thinking out of the box will reap great benefits for GPU.

I would suggest against Lyra2RE for the time being as the VTC team seems to be planning a fork to new parameters. There's chance a private lyra2RE kernel exists with massively improved performance.

Yescrypt is going to be CPU-optimal for a long time; if CPU mining is your thing that's where you should go.

Wild keccak is also an interesting twist.