Topic: [YAC] YACoin is perfect for mining newbies! (Read 438 times)
Yacoin is doing rather well. I haven't stopped mining it since it's release. Why do you suggest otherwise?
YACoin is over priced as it is, do not mine YACoin in my opinion.
+1
I have a lot of high hopes for YAC. I know there has been a lot of alt-coins released lately (or crap-coins as many of us would like to properly refer to them
), but YAC is the first new alt-coin that offers something new. It is the first coin (since litecoin) that has a took measures to protect against GHX and ASIC mining farms.
The N-value of this coin increases, making the hashes double in length each time. When this happens the difficultly will reduce by about half and cpu miners will receive about the same payout. These longer algorithms are not easly processed by GHX or ASIC. To the best of my knowledge, no one has been able to find a mine with these devises. This might be the first one that is truly cpu mined only.
But keeping in mind that someone finds a way to mass-mine this coin in means other then cpu; it is still a great coin. It has several built in features to help prevent the 51% mining concern that has arose in several other coins. This coin block target is every minute (which leads to ultra-fast transaction speeds!) and offers a POS system that rewards 5% per coin-year destroyed.
The coin is only about 6 weeks old and is still pretty new the continuity. But it's already had some major improvements from other coins that we've seen - such as being able to stake coins right from the wallet; there is no need to write batch and config files like for PPCoin. I think this coin has been overlooked by many because of the number of crap coins that have been released lately. In brief, I believe, this might be the best/strongest designed coin yet.
I have a lot of high hopes for YAC. I know there has been a lot of alt-coins released lately (or crap-coins as many of us would like to properly refer to them
), but YAC is the first new alt-coin that offers something new. It is the first coin (since litecoin) that has a took measures to protect against GHX and ASIC mining farms. The N-value of this coin increases, making the hashes double in length each time. When this happens the difficultly will reduce by about half and cpu miners will receive about the same payout. These longer algorithms are not easly processed by GHX or ASIC. To the best of my knowledge, no one has been able to find a mine with these devises. This might be the first one that is truly cpu mined only.
But keeping in mind that someone finds a way to mass-mine this coin in means other then cpu; it is still a great coin. It has several built in features to help prevent the 51% mining concern that has arose in several other coins. This coin block target is every minute (which leads to ultra-fast transaction speeds!) and offers a POS system that rewards 5% per coin-year destroyed.
The coin is only about 6 weeks old and is still pretty new the continuity. But it's already had some major improvements from other coins that we've seen - such as being able to stake coins right from the wallet; there is no need to write batch and config files like for PPCoin. I think this coin has been overlooked by many because of the number of crap coins that have been released lately. In brief, I believe, this might be the best/strongest designed coin yet.
Just letting everyone know that YACoin (http://www.yacoin.org/) is a great coin to start out with if you are a newbie to mining, because it can be mined with your CPU! I've been mining it since close to its launch and I think it's a really great coin. Just wanted to remind everyone that it exists. 
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