Re: These new EFFICIENT x11 algos everyone is talking about ?? BULLSHIT or real?

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.

Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Replied from Darkcoin dev.

Somehow this seems to have been missed by all the ASIC haters^^^^^

This statement from the DRK dev will make me reconsider investing in DRK, which up to this point I have not done. At least he understands what it will take to make DRK a real and usable currency.

X11 algo has a planned transition to ASIC miners.