There was a large shortage of GPUs and ASICs for mining the SHA256 and Scrypt coins. That disabled many people who wanted to mine such coins, but could get any hardware, simply because of its shortage. As a result, a new cryptocurrency Slimcoin was created which allowed anyone to mine it, without needing powerful hardware. Such is achieved by a new block generation, Proof of Burn. In Proof of Burn, powerful computers offer no advantage over less powerful ones.
Official Website:
slimcoin.orgOfficial Thread:
https://bitcointalk.org/index.php?topic=613213.0Link to Whitepaper:
https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdflol no powerful hardware... please
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
only for the second phase where you get rid of the slimcoin you bought (because without powerful hardware you can't mine the coin you want to burn...).
Your "no powerful hardware" statement is a big joke as you need a powerful botnet for the actual mining. (or a deep pocket)