Keeping a close eye on this one!
Very much doubt it will be CPU only for long though...
It's clearly not cpu-only mining if it's using the same algorithm as monero, which has nvidia and amd gpu miners.
This coin is based on bytecoin(BCN), so it doesn't support gpu mining.
When it will be launched ?
After 10-15 days
This announcement is
not endorsed by CryptoNote. The proposed coin is
not the official CryptoNote currency.
Here is our position on the matter:
https://forum.cryptonote.org/viewtopic.php?f=6&t=231#p786CryptoNoteCoin is the name chosen by CryptoNote to create a non-sustainable currency for educational purposes only and serve as the technology showcase for the new users. The "CryptoNoteCoin" name was publicly revealed on July 3rd:
https://bitcointalk.org/index.php?topic=673203.msg7646900#msg7646900https://bitcointalk.org/index.php?topic=673203.msg7658962#msg7658962It is our strategic vision to avoid creating a viable coin under CryptoNote's brand. By doing so we preserve equal opportunity for all the community members to create a sustainable CryptoNote currency. That is why CryptoNote will be launching its own non-sustainable currency under CryptoNoteCoin name.
Even though we respect your right to create a CryptoNote currency, we kindly ask you to change its name and leave "CryptoNoteCoin" to official CryptoNote currency. Moreover, we'd like you to desist from using "CryptoNote" in the name of your coin to avoid any further confusion.
Thank you and we hope for your cooperation.
UPD: Official CryptoNoteCoin is launched
https://bitcointalk.org/index.php?topic=686485We never said our coin is from "Official" CryptoNote.org, it is just one of the coins based on CryptoNote technoloy.
So, if you are the "official" person from CryptoNote.org, we think you will not reject it because of its name "CryptoNoteCoin".
What someone said on CryptoNote.org -"Any other currency utilizing "CryptoNote" in its name will not be accepted by CryptoNote and CryptoNote Foundation as a legitimate coin." is not fair to a coin based on the CryptoNote technoloy.