X17 is an algorithm which was developed in 2014. It is based on the principles of classic X11 and consists of 17 different hashing functions for increased resistance to coin mining with ASIC-miners. The coins that can be mined on X17 algorithm are Verge, Tcoin, Shield, Volvox and other cryptocurrency.
X17 Algorithm Review
In order to prevent the use of ASIC miners Dash created an algorithm that is much complicated than SHA-256. They chained 11 different hashing algorithm into one and hence the name X11. However unfortunately both ASIC and FPGA cracked X11 and that is what gave rise to X13, X14 and X15. Later on ASIC became available for all these algorithms and the only one that is currently left is X17.
X17 is a combination of 17 different hashing algorithms and the 17 hashes that make up X17 are:
Blake, BMW, Groestl, JH, Keccak, Skein, Luffa, Cubehash, Shavite, Simd, Echo, Hamsi, Fugue, Shabal, Whirlpool, Loselose and Djb2.
X17 is an ASIC resistant mining algorithm. It can be cracked but currently there are no ASIC miners available for X17 yet which makes both CPU and GPU mining possible. Following are the CPU and GPU miners that you can utilize to mine X17 algorithm.
Example of connection to the Stratum mining pool: ccminer -a x17 -o stratum+tcp://str01.mkt-coin.com -u wallet_address -p x
The cryptocurrency which can be mined with the X17 algorithm includes Verge (XVG), MKTCoin (MLM), SHIELD (XSH), Bitmark (BTM), Volvox (VVX) and GlobalToken (GLT).
There is some X17 coins statistics. The data is actual on the 12th of October:
|Name (Ticker)||Difficulty||Network Hashrate||Last Price||Volume 24H BTC||$USD|
|MKTCoin (MLM)||2041.0492||97.4081 Gh/s||0.00000113||2.31951657||$14 384,90|
|Tcoin (TCN)||N/A||0 h/s||0.00004400||7.13960300||$44 277,53|
|VOLVOX-x17 (VVX-X17)||1.9568||207.4181 Mh/s||0.00000000||0.00410507||$25,46|
|Shield-X17 (XSH-X17)||N/A||0 h/s||0.00000092||0.11020187||$683,44|
|Verge-x17 (XVG-x17)||3441.9816||461.5336 Gh/s||0.00000226||390.76635917||$2 423 407,91|
X17 algorithm is supported by some mining pools. There is a list of pools where miners can mine coins and earn money:
X17 is supported by following miners:
In the internet there are many different mining calculators to count the mining profitability.
Mining farms comparison
There is a list of comparison of mining farms which work on X17 algorithm. The data is actual on the 12th of October 2018.
|Device||Mining hardware (Miner)||Hashrate||OC|
|TITAN V||ccminer/2.2.4||22.29 MH||win64|
|MSI GTX 1080Ti Gaming X||ccminer/alexis-1.1_palginmod||19.986 MH||win64|
|Zotac GTX 1080Ti Extreme||ccminer/alexis-1.0||19.891 MH||win64|
|Colorful GTX 1080Ti||ccminer/alexis-1.0||19.678 MH||win64|
|EVGA GTX 1080Ti SC2 Hybrid||ccminer/alexis-1.0||19.376 MH||win64|
|EVGA GTX 1080Ti FTW3||ccminer/alexis-1.0||19.373 MH||win64|
|ASUS GTX 1080Ti||ccminer/alexis-1.1_palginmod||19.351 MH||win64|
|MSI GTX 1080Ti||ccminer/alexis-1.0||19.326 MH||win64|
|MSI GTX 1080Ti Gaming X||ccminer/alexis-1.0||19.03 MH||win64|
|Gigabyte GTX 1080Ti Aorus||ccminer/alexis-1.0||18.67 MH||win64|