GroestlCoin (GRS) Groestl based cryptocoin

20 Apr
2014

groestlcoin-crypto

GroestlCoin (GRS) is a new cryptocurrency utilizing the Groestl algorithm for Proof-Of-Work. To cut it short essentially GroestlCoin is about one thing – making efficient mining possible for EVERYBODY who wants to mine – whether on an old CPU or a new GPU. The Groestl algorithm is possibly the single most GPU-efficient algorithm implemented in any cryptocoin on the market. A comparison between many different algorithms shows that it has the lowest power consumption, heat, and noise of the array of newer ones being implemented in cryptocoins.

GroestlCoin is also notably accommodating for CPU mining as well, with only a 5x-10x hash difference between CPU/GPU – a much smaller spread than that of Scrypt coins. In essence this means that everybody, especially including those who can’t afford or want to invest in expensive mining equipment, can mine GroestlCoin and get reasonable rewards. Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance.

Website
– http://www.groestlcoin.org/

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

SPECIFICATIONS

  • Groestl Algorithm
  • Total coins: 105 000 000 GRS
  • Coins per block: 512 GRS
  • Minimum block reward: 5 GRS
  • Block target: 60 seconds
  • Difficulty adjustment: DGW (Dark Gravity Wave)
  • Block reward reduced by 6% every 10080 blocks, which will occur approximately every 1 week
  • Mined coins mature in 140 blocks
  • Premine: 240,640 GRS (0.22918095% total)

DOWNLOADS
– Online Wallet
– Windows
– Mac

Source Code
– at GitHub

PORTS

  • RPC Port: 1441
  • P2P Port: 1331

POOLS
– http://grs.cryptohunger.com/
– https://cpu-pool.net/grs/
– https://grs.suprnova.cc/
– https://www2.coinmine.pl/grs/

EXCHANGES
– Bittrex
– Binance
– Livecoin

Electronic Gulden (EFL) Scrypt-based alternative cryptocoin

20 Apr
2014

e-gulden-logo

Electronic Gulden, e-Gulden (EFL) is a new Scrypt-based altcoin. The goal is to bring the Dutch ƒ Gulden (English: ƒ Guilder) back in an electronic version. The Netherlands had used the Gulden (Gouden Florijn) from the Middle Ages, to 2002. In 2002 the government decided to replace the Gulden for the Euro. This replacement had a negative influence on the economy for the Dutch citizens. The Electronic Gulden is the Dutch cryptocurrency, bringing back its nostalgic value. Every country has its own economy and therefore we feel having individual coins for each country, working better than global currencies. We believe that we live in revolutionary times, where a cryptocurrency as the Electronic Gulden (EFL) can have a major impact on our economy.

Website:
– http://e-gulden.org/

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

Coin Specifications

  • Scrypt Algorithm
  • Total coins available: 21,000,000 EFL
  • Block reward: 25 EFL coins
  • Block reward halves: 210000 blocks
  • Difficulity will adjust every 512 blocks / Kimoto Gravity Well implemented
  • Premine: 50%

Wallet:
– Windows
– Linux
– Mac OS
– Android

Source Code:
– at GitHub

Ports:
– RPC Port: 21015
– P2P Port: 11015

Mining Pools:
– http://pool.amazingsystems.nl/
– http://egn.poollersunited.com/
– http://www.omargpools.ca:2015/static/

Coin Exchanges:
– Bittrex
– Bleutrade

Cloudhasing with New Website, Cloud Mining Plans and Prices

20 Apr
2014

cloudhashing-new-cloud-mining-plans-prices

The Bitcoin Cloud Mining service Cloud Hashing has a new website design and new cloud mining plans and prices. The new prices however are just slightly more attractive than the old ones and that with the fact that the Bitcoin network difficulty continues to increase in big steps does not make the service that much more attractive and profitable as it was before the latest update. The cloud mining contracts being sold by the service are for 1 year term, and you can get 30 GHS for $299 USD, 110 GHS for $999 USD or 375 GHS for $2999 USD. If you put these values in a profit calculator with the current market situation there is absolutely no chance to even get a return of your investment in a year, let alone to have made some profit. And that makes it really hard to eve consider investing in the service, though if conditions improve for the better there is some chance to actually get some profit, but the risk is quite high to hope for such. So we do recommend to look for other better priced alternatives if you are interested in cloud mining services.

– For more information about the Bitcoin Cloud mining service CloudHashing…

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