Coinomy Cryptocurrency Blog

22 Sep: What is RandomX and how Would it Affect Monero?

TheMerkle Darknet Dream market Monero XMRMining cryptocurrencies can be done through a wide range of hardware. Some coins require ASICs, whereas others are still compatible with CPU and GPU mining. Monero, a privacy coin known for opposing ASICs as long as possible, is looking for new solutions in this regard. The RandomX proof-of-work algorithm was proposed some time ago, but what does it entail exactly?  Exploring RandomX Opposing cryptocurrency mining ASIC equipment is no easy feat. Until a few years ago manufacturers were primarily interested in building units compatible with Bitcoin and Litecoin mining. This forced numerous altcoin developers to come up with new algorithms.

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Coinomy Cryptocurrency Blog

22 Sep: Bitcoin Likely Near Bottom of Range as $10,000 Support Holds

Bitcoin’s bull have been able to hold the cryptocurrency above its key near-term support level of $10,000, and it now appears that BTC is likely consolidating before it reaches the apex of the large descending triangle it is currently within, which will likely spark a big movement in the coming 24-48 hours. Analysts are currently

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