Hello NiceHashers!

We have now completed the addition of AUTOLYKOS (ERGO) to all our Hashpower Marketplaces! Ergo coin is mined with Autolykos a Proof-of-Work algorithm, designed to be ASIC and pool resistant, and is very much suited to GPU mining. ERGO is an interesting coin that we see a lot of potential for mining, and are pleased to announce it's arrival to the NiceHash platform. 

The algorithm:

• Autolykos is a Proof of Work algorithm, but has several meaningful differences from Bitcoin's PoW. It is memory-hard reducing the disparity between specialized hardware (ASICs) and commodity GPUs, allowing ordinary people to participate in mining to secure the network and receive a reward.

The coin:

• The Ergo platform aims to provide an efficient, secure, and easy way to implement financial smart contracts that will be useful and survivable in the long term. 
• Ergo has a capped coin supply at under 100 million ERG. Unlike Bitcoin, the block rewards decrease steadily after the first two years, with no long tail of emission.
• Block rewards start at 75 ERG, and over a period of eight years will fall to zero, after which total supply will be fixed.
• By collecting storage fees, miners return lost coins to circulation preventing a steady decrease of circulating supply due to lost keys as is the case with Bitcoin.

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