The Polaro project was established in 2010 and initially
operated under the name of North Kala Goods, which was changed to Polaro due to a change in services and strategy.
Before the changes, it was used to create links to sell physical products, digital products such
as books and education, as well as to sell services, and links created by individuals or
businesses would be made available to their customers if the customers successfully placed an
order.
then, a percentage of it was given as a deduction service and the rest of the amount was given
to the goods seller.
At that time, this system and structure became very popular and many people and businesses from
different countries started using this system to sell products and services, because in those
years a very large percentage of businesses did not have a website.
It was the middle of 2010 when we decided to add the digital currency mining part to this system and after a year in April 2011 we unveiled this system.
The interesting thing here was that although mining was very easy in the beginning and mining
could easily be done with the CPU of any computer or laptop, very few people showed
interest.
After some time, we found out that the first mining machine called GPU was made that
people who have this mining machine can mine more bitcoins in a certain time than people who use
CPU.
This case was very interesting for us and we tried more and started researching and studying
about Bitcoin and Blockchain.
Then we were doing research and trial and error until 2014, during this time FPGA and ASIC
devices were built, which was one of the big and positive events for Bitcoin mining.
ASIC used to mine Bitcoin using the SHA256 pattern, over time other
cryptocurrencies such as BCH and other cryptocurrencies have based their patterns on this (SHA256).
It was at the end of 2014 that we were able to reduce energy consumption by 5% and we made a product for mining in Polaro so that other people can use this product for mining.
It was in 2016 that we were able to reduce energy consumption by 16% and this was a great
achievement for us.
You can see the things we used to reduce energy consumption below:
SP
The SP algorithm is used before SP5.Features that make SP special:
SP5
The SP5 algorithm has 5 functions and is used before SHA256.Part of this algorithm is simulated from X11, but SP5 has some very special differences that you can see below.
The X11 algorithm was created in 2014, and due to its lack of compatibility with ASIC, it was used less after a while and became unusable over time.
SP5 differences compared to X11:
Features that make SP5 special:
Finally, the SP and SP5 algorithms together reduce the energy consumption by 21%.
After unveiling and starting to inform about this product and system, we received the attention of many people, most of the old users as well as new users of Polaro went to the mining system, so we decided to focus more on the Polaro mining system.