Re: Hirocoin - Launched - X11 Hashing

What differentiates Hiro from other alts - what are the key differentiators? Anybody smart enough to clarify that in an clear cut manner? Wink

One difference is that it is thoroughly coded before launch Wink

The key difference is that it uses the X11 hashing algorithm which I hope to make the next home for GPU miners when Scrypt ASICs become common. I am working on getting mining software optimised for X11 which will help us greatly. Also the Hirocoin blockchain is secured, so anyone can use it without fear of transaction roll backs which is becoming more and more common on small coins. Attackers throw 51% hashing power at a coin to push their own chain on orphaning the original blocks.

Please read the beginning thread carefully as all this is mentioned there.

Quote from: uswapme on March 18, 2014, 08:16:09 AM

nxt-e's biggest volume pair is hiro/btc?

I just checked and we have the highest volume on NXT-e. Not bad going for such a new coin.

Thanks HiroS,

I know your announcement, but still I am struggling to understand what part of the coin, if any, is new to the altcoin community. For example, as your are saying yourself the X11 algo is taken from Darkcoin. So it is not new. Regarding the security of the blockchai e.g. Quarkcoin has 'automatic checkpointing' too. So is there anything else in the blockchain security that other coins don't have? Can you please clarify on that to convince others to become supporters.

Yep, real tough to navigate in the crypto world right now with 500++ cryptos and 5 new cryptos/day. Anyways, the key point is X11 and mining subsidies provided to miners. If you look at Quark, they have the same ASIC resistance built in, BUT, with the halving every 2 weeks if I remember correctly, miners are left with almost no QRK's to mine. Darkcoin has an inversely proportional payout, meaning that the more miners, the less rewards.

Now, you can see that even though they use X11, they are not positionned for the ASIC scrypt as their payouts are extremely low. Now, you have Hirocoin, that's under the radar right now, but when all ASIC ship, and they already begun, and GPU miners are getting more and more squeezed -you'll see a rush for an alternative.

Hircoin, to the best of my knowledge -I don't know all X11 crypto's out there- is very well positionned to provide a safe heaven for GPU miners.