It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
GridCoin (GRC) 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
DOWNLOADS
– Online Staking Wallet
– Windows
Source Code
– at GitHub
PORTS
POOLS
Not Available.
There is only going to be 5 Million EXC coins in total for the block reward, after that as we know, miners just get the transactions fees. This means that roughly around the two month mark from this release post (60 days) the block reward will be 1 + transaction fee’s. I am not worried about people stopping mining this coin after the reward is gone, as I have got myself another rig that will be dedicated to just mining this coin and keep it going. This will mean that they will be only 5 Million coins spread around to trade or use for purchase but always remember the decimal and that it can be broken down, new users tend to like to have whole coins and forget this sometimes. Now for the honest part, to test the main net and check that the difficulty retarget is correct I mined 150 blocks, I wanted to see two difficulty adjustments to be sure. All of this premine will be given out as bounties.
Website
– http://extremecoin.org/
Block Explorer / Crawler
– http://exc-blocks.pw/
SPECIFICATIONS
DOWNLOADS
– Windows
Source Code
– at GitHub
PORTS
POOLS
– https://coinex.pw/mining/pools/EXC
EXCHANGES
– Bter
Bitcoin Scrypt (BTCS) has been developed and designed using the Scrypt mining algorithm to help keep it decentralized and not become centralized with the use of specialized and expensive ASIC mining hardware. This version of Bitcoin can be mined using your GPU meaning everyone in the community at least has a fair chance to mine this coin.
Website
– http://bitcoinscrypt.co/
Block Explorer / Crawler
– http://blocks.btc2.pw/
SPECIFICATIONS
DOWNLOADS
– Windows
Source Code
– at GitHub
PORTS
POOLS
– http://btc2.cryptominer.net/
– http://btc2.miningpool123.com/
– http://btcs.broken-arrow.pl/
EXCHANGES
– C-Cex