Topic: [ANN][GRS] Groestlcoin | 1st to activate Segwit | Building Lightning Network - page 168. (Read 558212 times)

You didn't noticed a trick. DRK guys PREMINED/INSTAMINED 5% of coins. They sold-off some of these coins in early ages, to obtain BTC.

And then they were holding both, DRK and BTC. And they essentially play a central bank, pumping the value of DRK to the desired level.

As they obtained BTC "out of thin air", they were able to spend quantities of BTC, to 'skyrocket' the coin.

GRS is not premined, instamined, no nothing. There is noone to support the value of the coin (read: do pumps on as needed basis).

Now, tell me - why are you believer in the first place? DRK guys are 'supporting' the coin. Who exactly is supporting GRS?

BTW, even Euro is supported by ECB.

You are just holding and hoping?

Gimme a break.

False and true. DRK skyrocketed less than a month ago, so not ages. Unfortunately I didn't hold :-/

These days are gone. You were not among first ones. Period.

believers are people buying and mining a coin even when it's not profitable because they think it's worth and it will reach a higher value in the future.
you know, like the ones who first mined and bought BTC at a couple dollars and now they are worth 600.
or people who mined and kept DRK when it was 300.000 satoshi and now it's 0.017

What are you talking about? This is a hard cash business. Except if you secretly using your mom's electricity and your dad's laptop to mine mine mine... Then I'd be a believer, too.

surely some are gone.
you know there are two types of miners: mine2btc and believers

As I know 10+ miners, I'd bet miners are not holding - but they were gone. Just check the dwarfpool. Just over the weekend 25% of miners left the pool.

Some miners are holding because of the low price and because they are building up coinage for the coming PoS.
These may be the reasons of low exchange volume.

We did not find that the benefits of GRS

So cheap

So cheap

Mr "I know my school basics",

Has the idea that it is "just a typo" crossed your mind?

Anyways, thanks for letting me know.

I updated the 1st page.

srcxxx

GPU is just 5-10 times faster than GPU (look at original first post on the first page)

what does this mean?
something is 5-10 times faster than itself?
that means that this gpu you are talking about has no limit as it is faster than itself
say my gpu is 10GHs but it is 5 times faster than my gpu (i will use you loweast level) so that means my gpu now mines at 50GHs but as you stated my gpu is 5-10 times faster ok (use lower limit again) my gpu is 5 times faster so now my gpu mine at 250GHs, not bad for a 10GHs card, but wait..........

so you are telling my that my 10GHs gpu can mine well over 99,999,999,999,999,999,999 THs?
go back to school and learn the basics of everything, you certainly did not learn anything the first time!

https://i.imgur.com/9xY5jZp.png

Groestlcoin was created on 22 March 2014 and we’ve seen some interesting few months since then. A lot has also been achieved. We have:

• Patched the HeartBleed vulnerability
• Updated to Dark Gravity Wave 3
• Updated the logo
• Created the new website
• Created a Reddit tip bot for our users. u/GroestlTip
• Built a solid base in social communities like twitter, reddit, facebook
• Created an official Groestlcoin forum, paper money generator, extra block explorer, and got listed on numerous exchanges
• It is even possible to buy GRS directly with Euro (on 2 different websites).

Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:

Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.

Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.

It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and it’ll decrease the inflation levels.

From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.

We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO

At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.

Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.

We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).

Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner

Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.

We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.

Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.

Thank You,

The GroestlCoin team

In the roadmap thread in the Groestlcoin forum there is a link to the full set of photos. It is actual bodypainting, enhanced by photoshop

Here is a photo of the bodypainting without photoshop:

https://picasaweb.google.com/117485898097840479312/GroestlcoinPromoMaterial?authuser=0&feat=directlink#6021722061591658098

In the roadmap thread in the Groestlcoin forum there is a link to the full set of photos. It is actual bodypainting, enhanced by photoshop

Here is a photo of the bodypainting without photoshop:

https://picasaweb.google.com/117485898097840479312/GroestlcoinPromoMaterial?authuser=0&feat=directlink#6021722061591658098