X11

The X11 mining algorithm

The X11 algorithm does not work like conventional algorithms with a single hash function. Here, the data passes through 11 different functions in sequence: Blake, BMW, Groestl, JH, Keccak, and six others. It is extremely difficult to hack such a system; you need to find vulnerabilities in all functions at the same time.
Evan Duffield created X11 in 2014 for his cryptocurrency Dash. The goal was simple: to delay the emergence of ASIC miners and give ordinary people a chance to mine coins. The plan was partially successful. It took manufacturers a couple of years to create the first X11 miner, and during that time, Dash grew stronger as a project.

Why mine on X11?

For example, Antminers on X11 consume a third less electricity than similar equipment for the most popular algorithm. With expensive electricity, this is critical for profitability, and while the algorithm once offered the most promising prospects, it has now become average and does not show high liquidity.
The algorithm includes a coin such as Dash, perhaps the only one in this project in terms of prospects, but besides Dash, there are a dozen smaller projects running on X11. You can switch ASIC X11 between them depending on profitability, accumulating coins and waiting for the market to rise. Note: with this algorithm and this coin, in the event of a bull run, as with other altcoins (altcoin algorithms), the percentage of the market rise will be most noticeable, so accumulation with sale at the best moment remains the number one strategy for the x11 algorithm.

Which Asic X11 miner should you choose for mining?

Perhaps the best is the Antminer D9 — the flagship for the X11 algorithm with a hashrate of 1.77 TH/s and a consumption of 2839 watts, which gives 1.6 joules per gigahash. The next “older” generation is the Antminer D7, which has been on the market for several years. The older model is chosen more often because of its reasonable market price. But the hash rate is not impressive — it outputs 1.286 TH/s with a power consumption of 3.4 kW. For beginners in mining, this is a reasonable start to try out the algorithm and its coins.
Older models like the D3 are no longer viable, are morally obsolete, and we do not recommend using them. Their efficiency does not allow you to make a profit with the current network complexity and electricity prices.
The new generation of water-cooled X11 miners can be installed at home. They are quieter than air-cooled miners and can heat the room. Mining becomes a useful source of heat instead of simply consuming energy.

Algorithm prospects

X11 has proven its stability over 10 years of existence. No one has found any critical vulnerabilities in the algorithm. The variety of coins gives miners a choice, and the energy efficiency of the equipment makes mining profitable even in difficult economic conditions.
The algorithm is suitable for long-term investments in mining equipment. The risks are lower than with experimental algorithms, and the potential for return on investment remains attractive.