Archive for the ‘Crypto Coins’ Category

Syscoin (SYS) Scrypt-based alternative cryptocoin

28, Aug 2014

syscoin-logo

Syscoin (SYS) is a revolutionary cryptocurrency that not only allows low-cost financial transactions like Bitcoin, but provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract all business types thanks to its native set of features geared towards the financial sector. Syscoin offers benefits to everyone from eBay traders, to High Street shops and many more. Unlike other cryptocurrencies, Syscoin’s intrinsic value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Syscoin trades under the symbol SYS in virtual currency exchanges.

Website:
– http://syscoin.org/

Block Explorer:
– https://chainz.cryptoid.info/sys/

Coin Specifications

  • Scrypt Algorithm
  • Total Coins: 2,000,000,000 (2.0 billion) SYS
  • Block reward: 128 SysCoin and regenerated network services fees (block reward decays on fixed schedule until rewards fixate at 32 Syscoin until 2bil coin, after which rewards are purely network and service fees)
  • Multipool protection: SysCoin uses KGW to retarget difficulty every block
  • Merge mineable with any Scrypt coin
  • Premine: 18% [up to 15% Based on Presale (SOLD OUT), 2% Devs (wallets will be publicized for transparency), 1% Bounties and Rewards]

Wallet:
– Online Wallet
– Windows
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 8368
– P2P Port: 8369

Mining Pools:
– http://www.syscoin.me/
– http://sys.coin-miners.info/
– http://syscoin.cryptopools.com/

Coin Exchanges:
– Binance
– Bittrex
– Livecoin
– Yobit

Burst Crypto Currency with New Proof Of Capacity HDD Mining

26, Aug 2014

burst-crypto-web-wallet

Mining with your CPU or GPU is so old-school now that you can use your hard drive to mine with, or so it may seem with the new Burst crypto currency that uses a new algorithm for proof of HDD capacity (POC) mining. Miners pre-generate chunks of data known as ‘plots’ which are then saved to disk. The number of plots you store is effectively your mining speed. Every block the miner will skim through the saved plots, and come up with an amount of time until it is able to mine a block if another block hasn’t yet been found. After reading through the plots is complete, your hardware can idle until the block. It seems quite interesting and that is why we have decided to give it a try…

We should start with the fact that the Burst wallet is web based and relies on Java, the same goes for the miner that is also Java-based, but that should not be a problem if you are familiar with Java. The setup and mining documentation is a bit vague and definitely not easy to understand and follow by novice users, furthermore you need to edit BAT/SH files with parameters that are not well documented and you need to look on forums for help. The coin needs a lot of HDD space, we are talking about 100s of GBs and it takes a lot of time for the plots to be initially generated and by lot we mean 12-24 hours, depending on your hard drive and system configuration. When you start to mine you are essentially solo mining, though apparently a beta pool support (also not well documented) is already available and already for more that 24 hours of solo mining we still haven’t found a block. In short – an interesting concept, needs to be made more user friendly and easy to be used, better documented so that you know how to optimize things for best performance… still you might want to check Burst out.

– For more information about the Burst crypto currency with Proof of Capacity HDD mining…

Dogecoin Core 1.8 Mandatory Upgrade with AuxPow Support

24, Aug 2014

dogecoin-auxpow-wallet-update

There is now an official release of the Dogecoin Core 1.8 available that adds AuxPow support required for the upcoming merged mining support with Litecoin and why not other Scrypt crypto currencies. Starting with block 371337 the Dogecoin network will accept AuxPoW blocks from miners of other chains, according to calculations this should happen around September 12th. This is a mandatory upgrade that you need to install if you wan to be able to continue using your wallet. Do note that after installing it you will have to reindex the blockchain, so it will take some time before the wallet balance appears again, also a wise idea to have a backup of the wallet.dat file before running the upgrade.

– To download the new Dogecoin Core 1.8 with AuxPow support from the official Dogecoin website…


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