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Title: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: slimcoin on August 17, 2014, 07:21:20 AM There was a large shortage of GPUs and ASICs for mining the SHA256 and Scrypt coins. That disabled many people who wanted to mine such coins, but could get any hardware, simply because of its shortage. As a result, a new cryptocurrency Slimcoin was created which allowed anyone to mine it, without needing powerful hardware. Such is achieved by a new block generation, Proof of Burn. In Proof of Burn, powerful computers offer no advantage over less powerful ones.
Official Website: slimcoin.org (http://slimcoin.org) Official Thread: https://bitcointalk.org/index.php?topic=613213.0 (https://bitcointalk.org/index.php?topic=613213.0) Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf (https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf) Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: MajidBC on August 17, 2014, 06:15:10 PM There was a large shortage of GPUs and ASICs for mining the SHA256 and Scrypt coins. That disabled many people who wanted to mine such coins, but could get any hardware, simply because of its shortage. As a result, a new cryptocurrency Slimcoin was created which allowed anyone to mine it, without needing powerful hardware. Such is achieved by a new block generation, Proof of Burn. In Proof of Burn, powerful computers offer no advantage over less powerful ones. Official Website: slimcoin.org (http://slimcoin.org) Official Thread: https://bitcointalk.org/index.php?topic=613213.0 (https://bitcointalk.org/index.php?topic=613213.0) Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf (https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf) GPU shortage? They are worthless at the moment. I'm selling my 5-month-old GPUs. Anyway, good luck with your coin. Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: slimcoin on August 17, 2014, 07:22:08 PM The idea is if it happens again.
Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: djm34 on August 18, 2014, 11:02:12 AM There was a large shortage of GPUs and ASICs for mining the SHA256 and Scrypt coins. That disabled many people who wanted to mine such coins, but could get any hardware, simply because of its shortage. As a result, a new cryptocurrency Slimcoin was created which allowed anyone to mine it, without needing powerful hardware. Such is achieved by a new block generation, Proof of Burn. In Proof of Burn, powerful computers offer no advantage over less powerful ones. lol no powerful hardware... please ;DOfficial Website: slimcoin.org (http://slimcoin.org) Official Thread: https://bitcointalk.org/index.php?topic=613213.0 (https://bitcointalk.org/index.php?topic=613213.0) Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf (https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf) only for the second phase where you get rid of the slimcoin you bought (because without powerful hardware you can't mine the coin you want to burn...). Your "no powerful hardware" statement is a big joke as you need a powerful botnet for the actual mining. (or a deep pocket) Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: slimcoin on August 18, 2014, 11:29:21 AM There will always be people mining PoW, yet you are not forced to do so to mine Slimcoins.
Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: Pilotseye on August 18, 2014, 11:44:07 AM Haven't you finished already with your little promo tour? ;)
https://bitcointalk.org/index.php?topic=743417.0 Title: Re: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year Post by: djm34 on August 18, 2014, 02:39:33 PM Haven't you finished already with your little promo tour? ;) ;D I have to ask when someone post several time the same thread but Are you presidentcoin ? ;Dhttps://bitcointalk.org/index.php?topic=743417.0 |