SUQA an Interesting New Crypto Project With a New X22i Algorithm
We love to see new crypro projects that also come with a new mining algorithms that are not dominated by ASICs or hashpower renting services. SUQA is one such new crypto project that comes with its own new proof of work mining algorithm called X22i that of course requires a new miner. The coins is a proof of work one, meaning that it can be mined with GPUs, although initially there was only an Nvidia CUDA miner available, there is now also an AMD OpenCL miner also available. SUQA has a block reward that goes down pretty fast initially, so it is apparently a good idea to join the mining early on with a higher block reward. There are also Time-Locked deposits with 5% regular APR, though for the first three months it is raised to 25% to drive early adoption. The most interesting thing about the X22i algorithm is the so called quantum resistant part in the algo chain called SWIFFTX and the promise that the project will remain FPGA and ASIC resistant.
Currently there is an official open source ccminer fork for Nvidia GPUs, though it is significantly slower than the third-party option available. The zjazz experimental CUDA miner with SUQA support is up to about twice faster compared to the official one. It is however still an experimental release, a closed source miner and comes with a 2% developer fee built in. A couple of hours ago zjazz has also released an experimental version for AMD GPUs, so now you can use it to mine SUQA on AMD-based mining rigs as well. There are already a big number of pools supporting SUQA mining, so you have a lot of options to choose from. There is a mining calculator, though you can use it only for checking how much coins you can mine. The coin is already listed on two small exchanges with no trading volume in general, so you might want to wait for a more serious listing later on before starting to trade it.
Although the project is still new and being actively developed it has generated a lot of attention already, so you might want to check it out in more details if you are looking for something new and interesting to mine.