Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GOATCoin] Greatest Of All Time | SHA-256 | Rewards active users | Rare
by
johnngbluntzky
on 08/02/2014, 04:29:17 UTC
i take it it's because sha256? i'm a scrypt miner, relatively noob but been around the block by now, but that seems to make sense. correct?

Yes, the higher diff is due to sha256 and all the ASIC miners out there that were originally developed for bitcoin.

larger hashing power= faster than scrypt increasing diff = faster increasing value than scrypt; usually. correct?

I don't see why the value would increase faster than a scrypt coin, necessarily, since there are lots of people out there with powerful sha256 miners -- you can buy 10Gh/s for like $200, so these things are relative.  The small number of coins and in particular the small block reward make the coin more rare and I think those are the main contributing factors to the higher price - there simply aren't that many in circulation.



ah. makes perfect sense. understood. i've been hearing a bit about the coin from some friends on twitter, was gonna mine it but i'm scrypt only, backed off when i saw it was sha256. best of luck to ya guys, i hear nothing but good things.