Ehsminer Litecoin Mining Systems to Outrace Chinese Offerings
Ehsminer, a Paris-based company specializing in IT security and worldwide promotion and adoption of cryptocurrencies, is not new to the mining industry. Haikel Ben Hmida, the company CEO, has been into mining since 2011. After ordering Bitcoin miners from Butterfly Labs he decided to launch his own mining product. The choice fell on Litecoin since that area was still uncharted with no competitors present.
Since the launch of Litecoin, mining is still profitable. It is Bitcoin mining which is considered difficult because of the mass of big players being in place. We are thinking to realize other miners specialized in X11 and even in private algorithms. We have gained experience during the last three years of experimentation. Bitcoin uses SHA256 as the only hashing function, and if it is broken, all the network will be compromised. X11 uses a sequence of eleven scientific hashing algorithms for the proof of work, if ten of them are broken, the whole network remains working. Bitcoin cannot monopolize the cryptocurrency space.
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