GameFlip

gridcoin-scrypt-coin

GridCoin is a new peer-to-peer internet based cryptocurrency that aims to provide real benefits to humanity by compensating the coin miners for participating in BOINC projects that may lead to advances in medicine, biology, mathematics, science, climatology, and astrophysics by concentrating a large percentage of the computational power towards BOINC research – instead of generating unnecessary heat and wasted power for the proof of work algorithms required to keep the coin network running.

It is estimated that bitcoin is using approximately 23,312 megawatt hours per day of electric for block solving algorithms. The aim of the gridcoin project is to shift the computational power primarily to Boinc projects while the mining operations become a second priority – so as the network is scaled up, Boinc utilization is scaled up in tandem.

The coin miners will be rewarded with a small token subsidy if they fail to mine Boinc shares, but a much larger subsidy when mining with Boinc. This digital cryptocurrency allows instant peer to peer transactions, worldwide payments and very low processing fees. The source code is open source and allows everyone to take part in the success of the currency.

Gridcoin is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware, therefore is not as likely to be replaced by specialized ASIC mining chips in the future. Gridcoin provides faster transaction confirmations (2.5 minutes on average) and uses memory intensive scrypt-based proof-of-work algorithms to verify transactions.

Website
http://www.gridcoin.us/

Block Explorer / Crawler
Not Available.

SPECIFICATIONS

  • Scrypt Algo
  • Re-target difficulty: 30 minutes
  • 2.5 min block targets, for quick confirmations for merchants.
  • Block reward: VARIABLE:    5 to 150 subsidy.    5 is rewarded if you mine with a miner like cgminer without Boinc running on the machine, 6-150 if you mine with boinc running, you will receive a calculated subsidy based on boinc utilization.
  • Total coins: ~168 million (est.)

DOWNLOADS
Online Staking Wallet
Windows

Source Code
at GitHub

PORTS

  • RPC Port: 9778

POOLS
Not Available.

EXCHANGES
C-cex

doge-coin-price-chart

After a momentary drop in price the DOGE price is on the rise again kicking the profitability back to double that of the LTC, even though the Litecoin difficulty has been recently adjusted from 3,998 down to 3,130 (-21.71%) thanks to the rise of the DOGE. We may see yet another drop in LTC difficulty in another 3 days if the profitability of the DOGE continues to be good and thus the profitability of the LTC mining could get better as well. The big question mark at the moment is how things will go in the next few weeks due to the Chinese New Year holidays that are just about to start and the concerns are not only about LTC prices (it has dropped a bit already), but also for the BTC and other cryptos as well.

Meanwhile the DOGE could secure even better position becoming closer to securing a good market position after the LTC. With the current price 5 DOGE coins trade for about $0.01 and a lot of people that mined DOGE coins at lower difficulty and haven’t sold them yet are hoping for further increase in the price to about 1 DOGE per 1 US cent to realize good profit with the hundreds and even millions of coins they have already mined. However it is up to you if you mine now and sell now, or mine and wait for even higher price as the interest in DOGE remains high. But the answer to the question if you should mine DOGE now instead of LTC directly at the moment is HELL YES due to the much higher profitability!

grandcoin-scrypt-coin

GRANDCOIN is a descendant of Litecoin, so it uses scrypt to mine. Grand Coin [GDC] is the coin that pays 1 grand per block.

Website
http://grandcoin.org/

Block Explorer / Crawler
http://grandcoin.org/blocks/

SPECIFICATIONS

  • Scrypt Algo
  • 45 second block time
  • 6 blocks transaction confirmation
  • 50 minted block maturity
  • 30 block difficulty retarget
  • accelerated diff re-targeting
  • Supports transaction messages
  • coins per block halves every year, or 700800 blocks
  • 0 premine
  • tx fee 0.1%
  • 45 sec block
  • 80 blocks per hour
  • 1920 blocks per day
  • 57600 blocks per month
  • 700800 blocks per year (365 days)
  • expect total 1,420,609,614 coins
  • Normal Payout per block: 1000 coins per block

DOWNLOADS
Windows

Source Code
at GitHub

PORTS

  • RPC Port: 12378
  • P2P Port: 12377

POOLS
https://gdcpool.us/
http://gdc.dedicatedpool.com/
http://gdc.nordicminers.eu/
http://gdc.coinpool.de/

EXCHANGES
Cryptsy

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