What is
The property of an algorithm that makes it difficult for ASIC devices to mine efficiently (important for Ergo).
The property of an algorithm that makes it difficult for ASIC devices to mine efficiently (important for Ergo).
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
Ergo mining profitability depends on your electricity cost, GPU efficiency, and ERG price. Use mining calculators with your specific hardware and power costs. Ergo is one of the most profitable GPU-mineable coins due to Autolykos being ASIC-resistant. Profitability improves significantly with cheap electricity.
Ergo supports a full ecosystem: trade on Spectrum DEX, use SigmaUSD stablecoin, mix transactions with ErgoMixer, collect NFTs on SkyHarbor, mine with GPUs, lend/borrow on DuckPools, bridge to other chains via Rosen, and build dApps with ErgoScript. It's a complete platform for decentralized finance and applications.
Ergo is not private by default like Monero, but offers powerful optional privacy tools. ErgoMixer provides non-interactive, non-custodial mixing. Sigma Protocols enable zero-knowledge proofs in smart contracts. Stealth addresses hide recipients. The key difference: Ergo's privacy is programmable - you choose when and how much to reveal.