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Equihash

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Equihash is a proof-of-work algorithm designed by Alex Biryukov and Dmitry Khovratovich in 2016. It's based on the generalized birthday problem: to find a solution, the miner has to process a large amount of data in memory, so the algorithm was meant to be memory-hard.

Where it's used

Equihash is best known as the algorithm of Zcash (ZEC). It has several parameter sets; Zcash uses Equihash 200,9.

Hardware

At first Equihash was mined on GPUs. Since 2018, specialized ASICs for it have appeared, for example the Bitmain Antminer Z series, and today Zcash is mined mostly on ASICs.

How to mine Zcash on Kryptex Pool: Zcash (ZEC) mining.

See also