Nicehash CryptoNightV7 algorithm implementation
The team behind Monero has announced a Proof-Of-Work change for its XMR coin. The main reason for the change is to improve ASIC resistance and you can read more about the PoW change in their official blog post. The fork is coming and you can monitor the countdown here.
This will also bring some changes regarding the CryptoNight algorithm on NiceHash. The support for the new algorithm CryptoNightV7 will be listed on the algorithms page by the end of March 2018. The current CryptoNight algorithm will stay active.
You can expect a new release of the NiceHash Miner that will bring support for CryptoNightV7 algorithm soon. One should be cautious when buying ASIC miners and thoroughly check which algorithm they are supporting because CryptoNightV7 will not be supported by ASIC’s!
It is believed that this will bring better profits following the dark days on the market.