http://i58.tinypic.com/tao9oo.pngScrasic Coin is a cryptocurrency utilizing the SHA-3 or Keccak Algorithm and has been created mainly for the purchase of the new Scrypt ASICs using this coin.
Specifications:Algorithm - SHA-3 Keccak
Max Coins - 100,000,000 ( Hundred Million)
Block Reward -
Blocks 1- 200 : 1 Coin
Blocks 200+ : 250 Coins
Block Reward Halving - Every 10000 Blocks
Block Time - 60 Seconds
Difficulty Re-target - Kimoto's Gravity Well (every 1 block)
Premine - 5% for IPO
AimsOnce Scrasic coin has been launched we will be selling the new Scrypt Asics (350kh Gridseed) and will only accept Scrasic Coins.
We plan to get enough funds through the IPO so that we can order large quantities of Gridseed Miners at a bulk rate price.
We are currently in contact with different suppliers and we can manage to get about a $35 Discount as the best deal if we order more than 200 pieces.
So instead of paying $220 for each you will only be paying $185(plus shipping).
Luckily we won't have to pay customs here in Europe so we will be able to sell them exactly at $185 each.
As new scrypt ASICs show up we will add them to our store too.
Our website is currently under development(issues with domain name and hosting) and will be up very soon.
Note: We have purposely created this coin to be SHA-3 to prevent "ASIC Attacks" once people get their ASICs. This has been done to let GPU miners mine the coin and switch to ASIC technology too.
PoolsPool Operators please post below or PM me.
ExchangesWe will be listed on an exchange at about 1-2 weeks after launch to allow the difficulty and hashrate to stabilize.
The ASIC store will start selling once we get listed. We wont rely entirely on the exchange prices and we wish to set our own prices on the ASICs. We give you our word that it will be cheaper to buy from us.
WalletsWindows Wallet: Available at launch
Mac Wallet : Need someone to help out with this.
Linux Wallet: Available at launch
Launch
The exact date hasn't been decided but we are hoping to launch in about 2 weeks the date of this announcement.
IPO Information:5% of the total coins are available for sale. That's about 5 million coins.
Your share will be calculated using the following formula:
Your BTC Amount/Total BTC invested * 5 million
The minimum amount for investment is 0.05 BTC .
We are willing to accept Doge and LTC to on special request via PM.
To invest simply send your btc to
1N6GjQ5U3NuC6p6VUAniQP8zyPuaxm89Dt and drop us PM or email us at
scrasiccoin@hotmail.com with your TXID.
We currently have exactly 17 Gridseed Scrypt Miners with us and are offering free miners to investors with a share larger than 0.4 BTC.
Standard Shipping is free unless you would like to pay extra for expedited. We support FedEx and DHL.
Note: ASIC only ships with a USB cable and the unit. Does about 350khash on Scrypt only mode. For tutorials on setting it up please look elsewhere.
Coins will be released to the investors in the first week of the launch.
Dev Team1. Josh Walters - Head Developer
2. Glenn Dawson - Art and Design
3. Luke Saddler - Website Development( In progress)
Please feel free to give us any suggestions and guidance.
We also request you not to post anything negative.
