Re: [ANN] [GRS] GroestlCoin: Democratizing Mining | AES Accelerated | Ultimate PoW
http://i.imgur.com/9xY5jZp.png
Groestlcoin was created on 22 March 2014 and weve seen some interesting few months since then. A lot has also been achieved. We have:
Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:
Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.
Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.
It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and itll decrease the inflation levels.
From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.
We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO
At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.
Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.
We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).
Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner
Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.
We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.
Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.
Thank You,
The GroestlCoin team
Groestlcoin was created on 22 March 2014 and weve seen some interesting few months since then. A lot has also been achieved. We have:
- Patched the HeartBleed vulnerability
- Updated to Dark Gravity Wave 3
- Updated the logo
- Created the new website
- Created a Reddit tip bot for our users. u/GroestlTip
- Built a solid base in social communities like twitter, reddit, facebook
- Created an official Groestlcoin forum, paper money generator, extra block explorer, and got listed on numerous exchanges
- It is even possible to buy GRS directly with Euro (on 2 different websites).
Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:
Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.
Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.
It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and itll decrease the inflation levels.
From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.
We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO
At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.
Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.
We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).
Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner
Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.
We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.
Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.
Thank You,
The GroestlCoin team
Could you comment on the details of your specific implementation of PoS? Will the wallet need to remain constantly on-line, for example? If not, how often will you need to mint to get full benefit? Could you leave your wallet off-line for a year and still mint the 30%? Will interest (minting) compound if you mint at more frequent intervals? Or would it be the same to only mint once every 5 years or so? What would be the optimized minting schedule for the average Joe?
TIA
The time has not arrived yet
