
"GhostRider" POW Algorithm
It’s a collection of algorithms, the x16r and CryptoNight families, cycled in random and not so random patterns used to gain consensus on the on chain generation and transaction of coins.The x16r family of algorithms are more or less all fairly computationally intensive (core clock for gpu miners) as the math is fairly simple but intense.
What the CryptoNight contributes is memory intensiveness (mem clock for gpu miners or cache for cpu miners) which you can think of as the “in between calculations on the way to a result.Combining memory and core intensive algorithms at this level of scale will clearly favor CPU/GPU miners over FPGAs and ASICS.