[ANN][GRS] Groestlcoin | 1st to activate Segwit & Taproot

[Bigballs]

Coinmarketcap registration has been submitted!

[coin5l1]

Vote for it to get added to Atomic-trade here: https://bitcointalk.org/index.php?topic=529591.0

[brainape]

Something I need to tweak in the wallet?

No block source available.  13 days behind...

[MinerSVK]

Me help this adress

Code:

addnode=37.187.129.122
addnode=62.210.162.235
addnode=88.167.215.32
addnode=69.197.137.58
addnode=103.16.218.165
addnode=84.98.85.30
addnode=76.16.120.82
addnode=62.210.123.27
addnode=117.13.253.241

[drakoin]

The team is slowly building up - I can do some PR on my end.

This coin has many things going for it, from low energy algo to CPU/GPU friendliness. We are in a instant world where people expect high gains in a very short period of time - this coin has 10 days guys, it took weeks for darkcoin, aurora or vertcoin to emerge - not even talking about bitcoin...
 
I've been mining this coin since a few days now, and love the fact that it is still undermined - Eventually, if the coin has value, it will explode no matter what we do, it's just a matter of time before the market realizes the advantages of groestlcoin.

Also true. Makes sense to look at it with positive thinking.  Thanks for raising my mood :-)

If you want to do informative PR, here is a third selling point: The 0.94-per-week block reward multiplication means, after 78 days it will be 0.94^11.2=0.5 ... only than half as many coins per block as in week 1. So coins have a chance to become more precious, driven by the seigniorage halving.

That is if until then each week, the newly produced coins are actually bought by someone, or saved away for later, and are not clogging up the orderbooks. At the moment, the rate of new coins per day is still immense, that is dangerous for weak hands, and people are now even more short-sighted seemingly - I agree. It would be useful to attract clever investors with a 3 month patience, who slowly(!) buy up the order books because they want to get really rich (and thus have to take the risk to become bagholders if it does not work out somehow - but big risk big gain is fair).

> love the fact that it is still undermined
Yes, with low difficulty, the coin reward per miner is big. At the moment ~700,000 coins are mined per day, and divided among the few of us. Nice.  So what works is mine/buy now, HODL, and sell MUCH later. Patience. If you catch someone dumping, either slap his fingers - or just buy from him ;-)

The low-selling weak-hand miners are simply financing the trader's future profit AND pay the electricity out of their own pockets. Good for buyers - an undervalued price means that buying actually makes sense. 


But, and there is a but. Let's keep it balanced, after all that optimism: Pessimism/Realism would mean, it makes sense to mine something more profitable, and then buy GroestlCoins with the earnings of that. The question is open if GRS attracts enough hashrate quickly enough to get on an ever rising trajectory - and I guess that eventually needs a price attractive for miners. Balance.


Hey, I wouldn't have been so urgent ... and now I'm a bit sorry for my bad manners ... if I had not been hooked already     As far as I can see it, right now for PoW there are only x11 and groestl as summer algorithms?  I've tried both, and the halved Watt rate, temperature and noise is simply fantastic compared to scrypt, Scrypt-Jane, or Scrypt-A-nFactor.

Enjoying the coolness ;-)

[brainape]

Me help this adress

Code:

addnode=37.187.129.122
addnode=62.210.162.235
addnode=88.167.215.32
addnode=69.197.137.58
addnode=103.16.218.165
addnode=84.98.85.30
addnode=76.16.120.82
addnode=62.210.123.27
addnode=117.13.253.241

Excellent.  Thanks.

[drakoin]

bittrex early bird optimists
meanwhile these are the nxt-e prices

Why optimists?  ...

You clearly misconstrued my post.

All I did was point out price discrepancy between the 2 exchanges. I made no opinion about what the price should be. If it matters to you I think 2500 satoshi is realistic in the coming months.

and why not optimists? I am one too. I'm just not going to buy GRS for 3x what it is going for elsewhere; I'm buying at 500 satoshi, not 1500.

Oh, I am sorry.  Please don't take it personally. We all read our own associations ... into each other's thoughts. And I actually overlooked your words "early bird" - and then after configuring my rig for this coin, the first disappointment about the price made me using your "optimists" as a starting point for my rant. Guilty as charged.

And yes, after analyzing this coin, I also prefer to buy around 500 now - and before other investors start reading my posts     Thank you, miners!

Enjoy the discount shopping, stizz   

[Calhil]

Oh, I am sorry.  Please don't take it personally. We all read our own associations ... into each other's thoughts. And I actually overlooked your words "early bird" - and then after configuring my rig for this coin, the first disappointment about the price made me using your "optimists" as a starting point for my rant. Guilty as charged.

And yes, after analyzing this coin, I also prefer to buy around 500 now - and before other investors start reading my posts     Thank you, miners!

Enjoy the discount shopping, stizz   

You can buy for 500 now or wait a couple of weeks and buy below 1 satoshi.

[child_harold]

@ gruve_p: what kind of relationship (if any) do you have with the authors of the Grosetl paper?

thanks

I think I may have stumbled into the answer to this question. If right - we're good

[child_harold]

we need main post updated with bittrex and suprnova

[makishart]

bittrex!!!

This algo is the best so far... my GPU loves it!

[child_harold]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

[child_harold]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

After the optimized cpu miner is released (bounty still awaiting) I predict Groestl will be the most "democratic" algo.

Just a reminder… Groestl is the Austrian culinary term for hash (brown)

[Turpomann]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

It's very sad how great hashing algorithm like groestl is being overlooked by the community. Nobody cares anymore. It's all just pump and dump, next shitcoin, rinse and repeat. Nobody seem to care about real progress in technology anymore.

[child_harold]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

It's very sad how great hashing algorithm like groestl is being overlooked by the community. Nobody cares anymore. It's all just pump and dump, next shitcoin, rinse and repeat. Nobody seem to care about real progress in technology anymore.

they will

[Calhil]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

It's very sad how great hashing algorithm like groestl is being overlooked by the community. Nobody cares anymore. It's all just pump and dump, next shitcoin, rinse and repeat. Nobody seem to care about real progress in technology anymore.

Maybe people are not so dumb anymore and dont get lured into pump and dump instamine scams?

Just as a reminder, 8,6% of the total number of coins has been mined in less than 2 weeks.

[Ilan1]

This coin is certainly attractively different, I have been mining since Dec and this is the first time I have come across a coin that I actually want to stick with. Main advantages being low power, low heat, better for my GPU's they will live longer, and this Algo will not be affected by the ASIC miners that are about to infiltrate the Scrypt coin world, just as they had done with Bit Coin! It is impossible to mine Bitcoin with a GPU now and it will also be impossible to mine Scrypt coin with GPU in 3 months time..... watch this space as difficulty will climb across all Scrypt coins, its only a matter of time.

[Turpomann]

bittrex!!!

This algo is the best so far... my GPU loves it!

+1

One of the advantages of the Groestl algo is that it has been scrutinized by serious mathematicians - and impressed.

It's very sad how great hashing algorithm like groestl is being overlooked by the community. Nobody cares anymore. It's all just pump and dump, next shitcoin, rinse and repeat. Nobody seem to care about real progress in technology anymore.

Maybe people are not so dumb anymore and dont get lured into pump and dump instamine scams?

Just as a reminder, 8,6% of the total number of coins has been mined in less than 2 weeks.

What are you whining here for? Go whine in Blackcoin thread instead. That shit was 100% instamined in one week and it's so adored by the community. Nothing is stopping you mining Groestlcoin. Block reward is still plenty and difficulty is still very low. Or GTFO!

[deathchuck]

In this summer, GRS will go to the moon. Hold it.

[azhago]