Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
Posts Tagged ‘scrypt’
Growthcoin (GRW) Scrypt based cryptocoin
24, Jan 2014
GrowthCoin (GRW) is a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message). Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake. GrowthCoin provides monthly interest rate of 5.95%, for stakes that are held during that period of time. This equivalent to an annual interest of 100%. PoS blocks will be generated if the stake are held for more than 5 days. There is a hard limit of 2 billion coins.
Website
– http://www.growthcoin.org/
Block Explorer / Crawler
Not Available.
SPECIFICATIONS
- Each normal block has 100 coins
- 45 seconds block time
- Difficulty retargets every block
- Mining payout will be halved every 3 months (or every 172,800 blocks)
- Expected total mined coins will be 37,368,000 coins
- 3 confirmations for transaction
- 50 confirmations for minted blocks
- Support transaction message
- Hourly random bonus block of 500-1000 coins (that is, 1/80 chance to get a bonus block).
DOWNLOADS
– Windows
Source Code
– at GitHub
PORTS
- RPC Port: 17178
- P2P Port: 17177
- Published in: Crypto Coins
- Related tags: Growthcoin, Growthcoin crypto coin, Growthcoin exchnages, Growthcoin info, Growthcoin mining, Growthcoin pools, Growthcoin trading, GRW, GRW exchnage, GRW info, GRW mining, GRW pool, GRW scrypt coin, GRW trading, scrypt, scrypt coin, scrypt crypto, scrypt mining
Gridcoin (GRC) Scrypt based cryptocoin
24, Jan 2014
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
- Scrypt Algo
- Re-target difficulty: 30 minutes
- 2.5 min block targets, for quick confirmations for merchants.
- Block reward: VARIABLE: 5 to 150 subsidy. 5 is rewarded if you mine with a miner like cgminer without Boinc running on the machine, 6-150 if you mine with boinc running, you will receive a calculated subsidy based on boinc utilization.
- Total coins: ~168 million (est.)
DOWNLOADS
– Online Staking Wallet
– Windows
Source Code
– at GitHub
PORTS
- RPC Port: 9778
POOLS
Not Available.
- Published in: Crypto Coins
- Related tags: BOINC, GRC, GRC alt crypto, GRC exchange, GRC info, GRC mining, GRC pool, GRC trading, Gridcoin, Gridcoin exchnage, Gridcoin info, Gridcoin mining, Gridcoin pools, Gridcoin scrypt coin, Gridcoin trading, scrypt, scrypt coin, scrypt crypto, scrypt mining
Grandcoin (GDC) Scrypt based cryptocoin
24, Jan 2014
Grandcoin (GDC) is a descendant of Litecoin, so it uses scrypt to mine. Grand Coin [GDC] is the coin that pays 1 grand per block.
Website
http://grandcoin.org/
Block Explorer / Crawler
http://grandcoin.org/blocks/
SPECIFICATIONS
- Scrypt Algorithm
- 45 second block time
- 6 blocks transaction confirmation
- 50 minted block maturity
- 30 block difficulty retarget
- accelerated diff re-targeting
- Supports transaction messages
- coins per block halves every year, or 700800 blocks
- 0 premine
- tx fee 0.1%
- 45 sec block
- 80 blocks per hour
- 1920 blocks per day
- 57600 blocks per month
- 700800 blocks per year (365 days)
- expect total 1,420,609,614 coins
- Normal Payout per block: 1000 coins per block
DOWNLOADS
Windows
Source Code
at GitHub
PORTS
- RPC Port: 12378
- P2P Port: 12377
POOLS
https://gdcpool.us/
http://gdc.dedicatedpool.com/
http://gdc.nordicminers.eu/
http://gdc.coinpool.de/
EXCHANGES
– Cryptsy
- Published in: Crypto Coins
- Related tags: GDC, GDC exchane, GDC info, GDC mining, GDC pool, GDC scrypt crypto, GDC trading, Grandcoin, Grandcoin exchanges, Grandcoin info, Grandcoin mning, Grandcoin pools, Grandcoin trading, scrypt, scrypt coin, scrypt crypto, scrypt mining