Execoin (EXE) Scrypt-Progressive-Nfactor cryptocoin

12 Apr
2014

execoin-crypto

Execoin (EXE) is an innovative cryptocurrency featuring strong progressive ASIC and multipool resistance, together with the fastest block confirmation time among N-factor coins. Execoin pioneers the concept of an ‘ASIC-free zone’ – a safe domain for GPU miners and investors ahead of the scrypt ASIC invasion. What does this mean? Currently, almost all GPU-based mining rigs are focused on scrypt coins, since Bitcoin and other SHA-based coins are entirely controlled by ASICs. But the cryptocoin market will undergo a massive change as new ASICs designed for the scrypt algorithm arrive and proliferate. Soon, these dedicated ASICs will make GPU mining any scrypt-based coin absolutely pointless. Execoin is one of the first coins to offer an alternative to ASIC domination.

Execoin represents a new generation of cryptocurrencies that prioritizes independence from ASIC miners. Its progressive-N algorithm progressively and proactively increases memory usage with time, to stay firmly ahead of future ASIC models. Fast block time and progressive ASIC and multipool resistance are key features of Execoin. Thought the coin is said to use Scrypt-Progressive-Nfactor algorithm it is essentially the same algo as other Scrypt-Adaptive-Nfactor crypto coins such as VTC for example.

Website
http://www.execoin.net/

Block Explorer / Crawler
http://explorer.execoin.net/

SPECIFICATIONS

  • Algorithm: Scrypt-Progressive-N
  • Max Coins: 84 million
  • Block time: 45 seconds
  • Subsidy: halves every 840,000 blocks (~437 days)
  • Difficulty Re-Target Time: Every 1920 blocks (~24 hours)
  • Block Rewards: 50 coins per block
  • Premine: Absolutely no premine!

DOWNLOADS
Windows
Mac
Linux

Source Code
at GitHub

POOLS
http://pool.execoin.net/
http://exe.poolz.net/
http://exe.coinpool.cc/
http://exe.hashing.at/
https://exe.ecurie.io/
http://p2poolcoin.com:9173/static/
http://west.exe.p2pools.info:9173/static/
http://exe.poolz.net/

EXCHANGES
Cryptsy
C-cex
PoloniEx
Bittrex



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3 Responses to Execoin (EXE) Scrypt-Progressive-Nfactor cryptocoin

m s

April 12th, 2014 at 19:44

I would think the whole point of “GPU-only” coins is to “make it fair”, so any user can start up mining, and to keep the hashrate distributed. But, with cheap scrypt asics, a user can start mining for ~$200, which is cheaper/similar cost and speed of GPU, plus easier to setup. And ASICS use less power.

Distributed hashrate and fairness is great, but it takes a lot more to maintain a GPU farm, and more power.

What the difference b/w “oh you have a ton of money and can buy high end ASICs, so that’s not fair”, versus, “oh you have a ton of money and can build a huge GPU farm, that’s not fair”?

Can’t wait to see your Gridseed blade overclocking/review. :)

Steven

April 12th, 2014 at 19:50

exactly as m s says… oooh, a coin that increases memory use! yes, that’s going to make people with laptops stuck with 4GB or so happy. Even on desktops, who’s got 16GB on their graphics card? Anybody? Not all at once now. Oh, you, in the back, with the wads of money to burn.. good on ya, mate!

Will it be a less steep curve vs the one seen with ASICs flooding the Bitcoin market? Sure. Does that somehow make it ‘fair’? C’mon now. The unfairness of it all is the only thing that’s driving adoption of coin after the first few weeks to begin with.

Wolf

April 15th, 2014 at 00:52

The reason GPUs are fairer than ASICs, even if little guys can afford them, is because ASICs scale really well. They use less power than GPUs and emit less heat, making it VERY easy to fill a warehouse with them. Doing that with GPUs is a lot harder, although still possible. Also, the average joe is gonna be worried about resale value. An ASIC is worth nothing if coins using the algo die.

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