If you are working over floating point, you probably with to use Estrin's method (see https://en.wikipedia.org/wiki/Estrin%27s_scheme - also tab 3 on the website.)

It takes advantage of FMA (fused multiply add), has good numeric stability and uses pipelining optimally.

A while ago I suggested using Estrin's method in Boost, for functions like std::exp. There's some interesting discussions here: https://github.com/boostorg/math/issues/924 if you are interested in all the practical details.

However, for finite fields (e.g. used for hashing and cryptography) multiplication is much more expensive than addition, which is the main use of this algorithm.