Re: Curecoin Launch is T minus 5-7 days. The new crypto 3.0 PRE ANN
Several months ago I remember reading on the curecoin website that this coin would be proof of stake as well as proof of work like peercoin. If that's true, then having a bunch of ASIC's mining wouldn't be required to secure the network. A single raspberry Pi could do that.
I asked earlier in this thread if curecoin was still PoW/PoS or just PoW like bitcoin. Hoping all of that will be revealed at or right before launch.
Also, there's a legitimate reason why this coin isn't using 'newer' technology like scrypt/scrypt-N/etc - it's because folding requires use of your CPU/GPU. If curecoin were an scrypt-based coin, some folders would point their folding rigs at mining the coin directly instead, and taking away from the most important part of this whole thing. The dev's seem to be on the right track with this coin. I really hope it works out, as people who fold could now potentially be compensated for the time and money spent helping to find cures for various diseases.
I asked earlier in this thread if curecoin was still PoW/PoS or just PoW like bitcoin. Hoping all of that will be revealed at or right before launch.
Also, there's a legitimate reason why this coin isn't using 'newer' technology like scrypt/scrypt-N/etc - it's because folding requires use of your CPU/GPU. If curecoin were an scrypt-based coin, some folders would point their folding rigs at mining the coin directly instead, and taking away from the most important part of this whole thing. The dev's seem to be on the right track with this coin. I really hope it works out, as people who fold could now potentially be compensated for the time and money spent helping to find cures for various diseases.
The coin will indeed be pow pos hybrid like peercoin. Thanks for easy to understand explanation for those looking for it. Ive been told that one of the biggest hurdles will be helping people to understand what I already know about how to properly use the system, I've assigned a couple people to the task of making better tutorials and how to videos. Launch time will commence once my team is all online at the same time ( including the launch ready pool operators). Expect to be folding for and mining curecoins anytime between tonight and the end of the weekend. This is why I quoted 5-7 days, to allow for my entire support team to be online for launch to provide mining pools, tutorials, general support, etc. Im ready for launch, how about you guys
And k2 is right, this coin is designed so that literally one raspberry Pi could secure the block chain. However I imagine there will be a little SHA mining power tossed at it anyways
cameronpalte is pretty spot on with his descriptions. Read his posts also. I have to get prepared to push the launch button
Give us a little heads up... dont know if i need to stay up all night now.