Archive for the ‘Crypto Coins’ Category

There is a relatively new ambitious project called Placeholders (PHL) that is aiming to create a Decentralized Marketplace for Distributed Computing Resources to serve as an alternative to Google Cloud and Amazon Web Services. Placeholders’ blockchain utilizes the so called “artifacts” as placeholders, which is custom data stored in the blockchain to enable complex computing operations. These complex computing operations will be provided by Placeholders wallet users who rent their local computing resources (CPU/Hard-drive/RAM) to buyers who are willing to pay in PHL for the resources to be utilized as a virtual private server (VPS) in the cloud. Do note that as usual with new projects that do not yet have a full working platform for what they are promising t be delivered there is a risk involved!

Placeholders is a work in progress that seems to be forked from Ravencoin (RVN) using the same algorithm for mining the PHL coins that will be used by the project’s decentralized marketplace for payment for the distributed computing resources, though it seems that a different algorithm was used for a while before forking to X16R. The project has just recently been started, so the full functionality for the platform is far from ready, though it does seem promising if the team manages to implement their plans in reality. The block reward for mining is 5 PHL, decreasing emission over time to limit inflation, halving after first 90 days and then the emissions will be reduced every 90 days at decreasing rate throughout the future of the blockchain. The maximum supply for the Placeholders is 10,500,000 PHL with no pre-mine, dev-fee or something like that and the coin is already listed on an exchange for people not interested in following the project development over time, but just want to be mining and selling the coins.

For more information about the Placeholders (PHL) project check the Bitcoitalk announcement…

We love to see new crypro projects that also come with a new mining algorithms that are not dominated by ASICs or hashpower renting services. SUQA is one such new crypto project that comes with its own new proof of work mining algorithm called X22i that of course requires a new miner. The coins is a proof of work one, meaning that it can be mined with GPUs, although initially there was only an Nvidia CUDA miner available, there is now also an AMD OpenCL miner also available. SUQA has a block reward that goes down pretty fast initially, so it is apparently a good idea to join the mining early on with a higher block reward. There are also Time-Locked deposits with 5% regular APR, though for the first three months it is raised to 25% to drive early adoption. The most interesting thing about the X22i algorithm is the so called quantum resistant part in the algo chain called SWIFFTX and the promise that the project will remain FPGA and ASIC resistant.

Currently there is an official open source ccminer fork for Nvidia GPUs, though it is significantly slower than the third-party option available. The zjazz experimental CUDA miner with SUQA support is up to about twice faster compared to the official one. It is however still an experimental release, a closed source miner and comes with a 2% developer fee built in. A couple of hours ago zjazz has also released an experimental version for AMD GPUs, so now you can use it to mine SUQA on AMD-based mining rigs as well. There are already a big number of pools supporting SUQA mining, so you have a lot of options to choose from. There is a mining calculator, though you can use it only for checking how much coins you can mine. The coin is already listed on two small exchanges with no trading volume in general, so you might want to wait for a more serious listing later on before starting to trade it.

Although the project is still new and being actively developed it has generated a lot of attention already, so you might want to check it out in more details if you are looking for something new and interesting to mine.

For more details about the SUQA crypto project and its further development…

Some more invites are available for the invite-only Merit project that we have introduced a while ago, so if you are interested in it and want to give it a try mining or using, then feel free to apply using the link below. Merit (MRT) coins can still only be mined with Nvidia GPUs, though AMD miner is in the works for a while now, there is already a third-parity Merit CUDA miner available with more options that you can try as well. Merit has its own trading market (MRT-BTC) with escrow that works fast and is really reliable, so you can buy and sell coins on the market. Since it is invite only and invites need to be mined and it is not yet listed on any major exchange, Merit is still kind of under the radar, but the last few weeks there has been a significant growth with increased interest and more people joining the project. We have a limited number of invites available to give away, so please do not waste them, we are going to send invites as soon as possible on a first-come, first-served basis. Sending multiple invite requests will not get you accepted faster, in fact will have the opposite effect of not getting you invited at all!

Click here to get your invite and register a wallet at Merit in order to be able to try it out…


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