New gold-backed cryptocurrency INNcoin allows you to mine gold for free

[taylortyler]

Creator AnthemVault hopes to allow everyone to become their own central bank backed with various precious metals.

http://www.cryptocoinsnews.com/news/new-gold-backed-cryptocurrency-inncoin-allows-mine-gold-free/2014/07/18

[delta_26]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

[ProGamer]

I am also wondering about this coin. Pools don't seem to be supported yet so I'm not sure if the 57000-88000 hashes I'm getting are worth it.

[cobaltskky]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

How did you get the wallet?  I signed up, skipped the verification since it asked my social security number, but I don't see a link for the wallet.  If I have to provide an SSN for the wallet, then I guess I won't be mining this coin...

[ProGamer]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

How did you get the wallet?  I signed up, skipped the verification since it asked my social security number, but I don't see a link for the wallet.  If I have to provide an SSN for the wallet, then I guess I won't be mining this coin...

I didn't have to provide any information for the wallet.

Edit: Try downloading directly from the site here: https://www .anthemvault.com/media/uploads/inncoin-0.8.6.5a-win32-setup.exe

Caution! This is a direct download link! I had to put a space so it would not be flagged.

[Spoetnik]

spots 2.0 lol

[cloverme]

No nodes in the network... poof!
 

[ProGamer]

Stopped mining. Got nothing from it, though the easy yo use mining feature was nice.

[kaisersolo]

What are the mining details that you need to mine ?

[giveBTCpls]

Where is the official ANN thread of this coin? I cant find it on here. Also, what algorithm uses? What gains can I expect with a old Q6600 CPU and not so old r7850 GPU? I guess about shit nothing but whatever.

[SteamGamesBTC.com]

(Reuters) - U.S. precious metals dealer Anthem Vault Inc said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.

Las Vegas-based Anthem said it will launch 10 million "INNCoins" backed by 100 grams (3.5 ounces) of gold, with all coins expected to be in circulation by July 2015.

"It should make gold more acceptable as a form of currency by combining its appeal as a store of value and a much more efficient medium of exchange," said Anthem Blanchard, chief executive of Anthem Vault, who previously worked at online precious metals market GoldMoney.

Blanchard said Wednesday's launch was a promotional offering, and the company has plans to offer a full suite of virtual currencies backed by a larger amount of gold as well as other precious metals at the end of September.

Source: http://in.reuters.com/article/2014/07/16/us-gold-bitcoin-idINKBN0FL2LQ20140716

[bradfrogger]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

I have been mining it for 8 hours now and have 350 INN, so looking good.

[Slaphead]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

I have been mining it for 8 hours now and have 350 INN, so looking good.

What kind of hardware do you have? Does it take massive hash power to mine?

[bradfrogger]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

I have been mining it for 8 hours now and have 350 INN, so looking good.

What kind of hardware do you have? Does it take massive hash power to mine?

Running dual Radeon R9-280X 3GB's and getting 6 MHash total. X11 algo.

[bradfrogger]

Where is the official ANN thread of this coin? I cant find it on here. Also, what algorithm uses? What gains can I expect with a old Q6600 CPU and not so old r7850 GPU? I guess about shit nothing but whatever.

I could not find an ANN thread either.  Algorithm is X11.

[bradfrogger]

No nodes in the network... poof!
 

Nodes are in the CONF file.

[ProGamer]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

I have been mining it for 8 hours now and have 350 INN, so looking good.

What's the current value of the coin? How can I exchange it for BTC?

[bradfrogger]

Ive been mining it for the last 24hrs, the only info I can find on it is from the website itself or all of the press releases. Any thoughts

I have been mining it for 8 hours now and have 350 INN, so looking good.

What's the current value of the coin? How can I exchange it for BTC?

From reading their website (link below), 1 INN equals 100,000th of a gram of gold, so the value will fluctuate as the price of gold does.  I like the thinking behind this coin, since it is actually backed up by a hard asset (gold). I have not seen a place to exchange INN for BTC.

https://www.anthemvault.com

[boxuser]

what is this?

[Karn]

I don't know man, this seems really sketchy to me.