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On the Hunt for the Most Profitable Crypto Coins

16, Feb 2014

coinwarz-crypto-profitability

CoinWarz is another service where you can keep track of the profitability of the various alternative crypto coins in order to hunt for the most profitable one at the moment to get the best out of your hashrate, especially if you do not have a lot of it available. This service provides a mining and profit calculator that works with the supported cryptos, so you get actual profitability data based on your hashrate and power consumption for each crypto coin. It also checks and reports the best exchange rate at which exchange as this is also an important part for calculating the crypto profitability correctly. The list of alternative cryptos includes both scrypt-based ones as well as sha-256, so this service is useful not only for GPU miners, but also for ASIC miners that are interested in making some more extra profit by mining alternative cryptos instead of LTC or BTC directly.

Have in mind though that the profitability of alternative crypto currencies is very dynamic and if you start mining a crypto with very high profitability due to low network hasrate and difficulty, the situation can quickly change is a lot of other miners also follow in your footsteps. So it is important to be fast in finding the right pool and starting to mine the highest profitability crypto in order to maximize your profit – you can check our alternative crypto “cheat sheet” information that we have available here to help you in that. For example at the moment the most profitable alternative scrypt crypto is 42 (42), followed by DigiByte (DGB) and Globalcoin (GLB). The situation with SHA-256 alternative cryptos shows that eMArk (DEM) is the most profitable, followed by Betacoin (BET) and OpenSourcecoin (OSC).

– For more information and to check out the CoinWarz alt crypto profitability list…

Riecoin (RIC) Alternative Cryptocoin

15, Feb 2014

riecoin-alternative-crypto

Riecoin (RIC) is a decentralized (p2p), open source digital currency. It allows to transfer money to anywhere in the world with only minimum transaction fees, sometimes even for free (depending on many factors like the amount to transfer and the network load at the moment of the transaction). It is a fork of the Bitcoin project. Riecoin is still very new, just a few days since its launch and it has already generated significant amount of attention from users, so it is worth checking it out.

The name “Riecoin” pays homage to Bernhard Riemann, whose work generated new ways of studying the distribution of prime numbers and is referenced in the math of Riecoin. It also pays homage to Bitcoin, the cryptocurrency that started them all. At the moment only a CPU miner exists for Riecoin (RIC), so you can use some processor power to mine these coins if you have it unused on your GPU mining rigs for example. Riecoin is similar in many ways to Primecoin (XPM), however there are differences between the two though they both can still be mined only with CPU for the moment.

Website
– http://riecoin.org/

Block Explorer / Crawler
– https://chainz.cryptoid.info/ric/

SPECIFICATIONS

  • PoW: custom, prime constellations
  • Blocks every 2.5 minutes
  • Block reward of 50RIC, halving every 840000 (about 4 years)
  • Cap: about 84 million RIC
  • Difficulty adjustments every 288 blocks (targeted every 12hs)

DOWNLOADS
– Windows

Source Code
– at GitHub

PORTS

  • RPC Port: 28332
  • P2P Port: 28333

POOLS
– http://riepool.ovh/
– http://www.xpoolx.com/

EXCHANGES
– Bleutrade

Ultracoin (UTC) Scrypt-jane based cryptocoin

13, Feb 2014

ultracoin-scrypt-jane-crypto

Ultracoin was made by people who just love crypto, and think this is a welcome addition to the coin family. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. Ultracoin can be mined with a CPU and also with a GPU with ASIC resistant Scrypt Jane coding you can feel at ease, You won’t be surpassed by new hardware technology. A hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold UTC. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Ultracoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Website
http://www.ultracoin.net/

Block Explorer / Crawler
http://bitgo.pw:3731/chain/Ultracoin

SPECIFICATIONS

  • Scrypt-jane Algorithm
  • Pow/Pos
  • Total coins: 100,000,000
  • Block time target: 30 seconds
  • Block reward: 50, halving every 990,000 blocks
  • Difficulty retarget:max 200% per 30mins
  • Mined block confirmation: 50
  • Transaction confirmation: 5

DOWNLOADS
Windows
Mac
Linux

Source Code
at GitHub

MINERS
GPU miner for Windows
GPU miner for Linux
CPU miner

PORTS

  • RPC Port: 44101
  • P2P Port: 44100

POOLS
http://ultra.nitro.org/
http://ultra.minepools.us/
http://ultra.leetpools.com/
https://utc.pool.pm/
http://utc.greekpool.eu/
http://utc.idcray.com/
http://utc.coinpl.com/
http://utc.poolto.be/
http://pools.animusgs.co.in/utc/
http://ultrapool.org/
http://ultra.coinsnipers.com/

EXCHANGES
– Cryptsy


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