many people get on board mining

Intro
Richcoin is a new innovative alt coin, based on Litecoin. It thus uses scrypt for mining.

Richcoin is built with a rich sense of "8", the number liked the most in the world. People especially in Asia think 8 represent fortune and rich. In Richcoin, we set all paramters using "8", wish Richcoin holders can keep their wealth growing up continuously.


Specs
Each block rewards 88 coins, it will be halved about every 508 days. Target block time is 88 seconds. The diffculty will be retargeted every 88 blocks (or 2 hours 9 minutes and 4 seconds). Richcoin will have a total number of 88,888,888 coins!

Richcoin has a very low transacftion fee, only 1% of the current other crypto coins. It has a 3 confirmations for transaction, and 88-confirmation maturity for newly mined coins.

Richcoin will be started in a fair launch:
   block 0-588:       0 coins
   block 589-688:      8 coins
   block 689-788:     18 coins
   block 789-888:     28 coins
   block 889-988:     38 coins
   block 989-1888:     58 coins
   block 1889-2888:  68 coins
   after block 2889: 88 coins

Connection port is 28888, and RPC-port 58888.

The block 1 is a special block of 1.12 mil created by us for bounty, giveaways, various services, exchange, etc.

Official Website
http://richcoin.net/ (Initial edition)


Mining pool
Official push pool for richcoin has been launched:
http://pool.richcoin.net
point your cgminer to http://pool.richcoin.net:58889 and use the worker and password you created on the site to mine richcoin.

2% PPLNS RCH pool from txmulder, transaction fees to the miners,
http://rch.01pq.com



Block explorer
http://richcoin.net:2888


Bounty offered for following services:

Pools:
   1st mining pushpool: 5K RCH (txmulder)
   2nd mining pushpool: 5K RCH

1st Game Site that Accept Richcoin: 3K RCH

We will host a separate thread for giveaways.


Downloads:

Windows Client Download:
https://mega.co.nz/#!w0AB0SJK!E8XkZX_tL6LfDfbyCE9DXEcBlXo4mFK8qaz0fF0N7pM


Source Code at Github:
https://github.com/richcoin/richcoin



Sample richcoin.conf:

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=58888
rpcconnect=127.0.0.1
addnode=198.211.17.160
addnode=199.71.215.196


Getting Started:

1. Start up richcoin-qt, wait for it to load, then exit.
2. Put richcoin.conf (see sample file above) in your c:/users/**yourcomputername**/appdata/roaming/Richcoin
3. restart richcoin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or whatever mining program you like and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:58888 -u **yourusername** -p **password** (without **)

I am doing the same too, the flip side is that the diff is going up quickly, because many ASICs released into the mining

I'd take it as a joke. No one knows.

Even in bulk it is 1.99 BTC I think. Same conclusion. I don't see how the investment can be returned, with so many ASIC is pouring into the market.

go to eBay.com, easiest way

1500Mh/s, not enough for sure...

good luck to solve the issue with them 

Each USB erupted cost about 2-2.3 bitcoins, and has 333Mh/s hash. According to calculator, it generates 0.25 BTC per month, at the current difficulty. This requires at least 8 months to beat even, with rapid diff increasing, I think people who buy USB Erupter now will never get their investment back. Any comments?