Japanese internet services giant GMO Internet Inc. has launched a new mining software client designed for mining Zcash (ZEC) on graphic processing units (GPUs). GMO announced the new client, dubbed Cryptknocker, in a news release published September 28.
Cryptknocker has reportedly been designed to enable users to mine cryptocurrencies that are based on the Equihash consensus algorithm using commonly-available GPU chips. Unlike more specialized Application-Specific Integrated Circuits (ASICs), GPUs are widely used in many domestic computers.
As previously reported, when Zcash’s developers unrolled Equihash – the mining algorithm Zcash, as well as a number of other cryptocurrencies run on – they argued the ASIC-resistant algorithm would work to take transaction verifications out of the hands of a concentrated handful of miners.
GMO has today said its new mining software client will be free to download, but that the firm will take a 2 percent cut on any mining profits to offset its development costs. GMO argues that at a “mainstream” individual level, software that enables “efficient calculation processing” is an important factor in successful mining.