Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year

djm34

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Quote from: Pilotseye on August 18, 2014, 06:44:07 AM

Haven't you finished already with your little promo tour? Wink

https://bitcointalksearch.org/topic/although-gpus-are-cheap-a-shortage-like-earlier-this-year-could-happen-again-743417

I have to ask when someone post several time the same thread but Are you presidentcoin ? Grin

Pilotseye

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Haven't you finished already with your little promo tour? Wink

https://bitcointalksearch.org/topic/although-gpus-are-cheap-a-shortage-like-earlier-this-year-could-happen-again-743417

slimcoin

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There will always be people mining PoW, yet you are not forced to do so to mine Slimcoins.

djm34

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Quote from: slimcoin on August 17, 2014, 02:21:20 AM

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.org
Official Thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf

lol no powerful hardware... please Grin

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)

slimcoin

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The idea is if it happens again.

MajidBC

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KryptKoin is one of the best!!!

Quote from: slimcoin on August 17, 2014, 02:21:20 AM

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.org
Official Thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf

GPU shortage? They are worthless at the moment. I'm selling my 5-month-old GPUs.

Anyway, good luck with your coin.

slimcoin

full member

Activity: 182

Merit: 100

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.org
Official Thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
Link to Whitepaper: https://slimcoin.org/images/downloads/slimcoin_whitepaper.pdf

Topic: Solution to the GPU/ASIC shortage after the Bitcoin boom earlier this year (Read 1243 times)