Posts Tagged ‘GroestlCoin info’

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


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