The default XenServer 7.1.2 encrypt method is SHA512.
We can check the hashing algorithm via /etc/shadow root:$6$aOGJ2EZn$5uSzO4gR2eaQWNPdS456cYx7D2QPjJ/.dovKIy
The above $6 is SHA-512 hashing algorithm, more parameters explanation see the following:
$1 = MD5 hashing algorithm.
$2 =Blowfish Algorithm is in use.
$2a=eksblowfish Algorithm
$5 =SHA-256 Algorithm
$6 =SHA-512 Algorithm