Hi Everybody!
I'm a senior software architect at a large company (not related to crypto or www) and crypto currencies is my hobby since December 2013 (I've been through LTC, Doge, multipool and Myriad mining). I'd like to share my thoughts regarding Groestlcoin purely as a miner and investor...
First, respect to developers for creating this coin. I really like the total amount of coins, the 6% reward decrease, it's CPU friendliness and much less heat/noise from my 4x r9 290 while mining GRS.
But there are some things which I think could be improved.
There are some many different coins nowadays and it is hard for a good coin to stand above the rest. Coin value is only decided by the price other people are willing to pay for it. If nobody knows about a coin, then its value can't be large.
My biggest concern is that GRS lacks publicity. Just google for groestlcoin and you'll only find a few links.
There is no Twitter and no developer communication...
Please also see my recommendations (in no particular order)
* It is not stressed anywhere that mining this coin on GPU consumes a lot less electricity and makes GPUs quieter and cooler. And that it is still CPU mining friendly (CPU is only a few tens of times slower than GPU). No recommended cgminer settings for hardware, etc.
* The fast coin reward decrease should be also stressed to attract more mining and investors (mine/buy while there are many coins). This will get the GRS market going.
* Website design is amature. Compare with
http://www.darkcoin.io/ for example.
* Who are developers? What are their plans? What is their contact address? What is the planned coin future?
* Coin explorers don't report the coin amount properly. For example, it is off by about 30% for my account. Presumably, it is because they don't account for mined coins.
* We need articles about GRS. Raise awareness about the coin.
* Set up twitter and paste it in main groestlcoin.com page
* Possibly set up trello.com account and post improvement ideas there, assign work, track progress, vote on features. Fundraise for some features.
I'd be willing to help with what I can (can set up and organize trello and/or set up mining hardware settings list, for example). I'd like to join the dev team and help with what I can (if this is an option, of course)
Also, I'm planning to set up another GRS mining pool on a fast server, I'll keep you posted about the progress.
PS: Please share your ideas and vote for the coin on exchanges.
Thank you
Update: developer, gruve_p, just sent me a PM and answered a few of my questions. This coin has a bright future. Am going to buy more GRS now, while it is cheap...
PS: Hoping to get my GRS pool up and running this week...