Hey, Kill_Switch. Welcome to the GRS community.
The Big Mistake is that newcomers rush in, buy coin, and expect to make huge profits in just days.
Start studying GRS. Contribute to the community. (You can ask me here). Learn to patiently trade. The cryptographic-currency phenomenon will go on and on. You will learn and profit.
Hi IMZ
Newcomers, rush - Yip although I should have started when I first wanted to a year ago, but I was too slow on the uptake..
Profits in days , would be nice
but no thats not the point.
My concern is that that since I have started reading, I found this - No ASIC currently exists for Groestl
This is where the idea that anyone can effectively mine is secured in my limited understanding/combined with the effective algorithm( massive hash rates would make the smaller based mining very ineffective surely??)
But a few users seems to think different
https://bitcointalk.org/index.php?topic=2336705.msg24042344#msg24042344 Now I understand he refers to an academic paper written quite a few years ago, but the principle has been implemented for Myr-Groestl
https://bitcointalk.org/index.php?topic=2336088.msg23772292#msg23772292Is GRS still immune to this.
For now I continue to read.... and hopefully learn
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