Paycoin Goes Live

Paycoin

Paycoin is a SHA256 algorithm coin released by GAW Miners a couple days ago. The coin is now open to be mined by anyone with SHA256 hardware with a few possible pools to choose from. I'm personally mining it with 2 antminer S3's and mined 1.5 XPY(paycoin) within 8 hours.

Paycoin is currently in it's POW (proof of work) phase, but then will phase into it's POS (proof of stake) stage in the upcoming weeks. GAW has stated no 100% promises of the coins value, however on December 19th 2014, they are releasing their Paybase platform and doing a coordinated launch with "many" large currency exchanges (Something like Cryptsy I imagine). GAW and the community on launch expects a price of approximately $20 USD, and through this launch they intend to actively try to moderate the market price.

Current Market
Paycoin Pool
Wallet

Comments

Antminer S3 Setup Guide & Review

Overview This is for the Antminer S3 , mine are batch 11. So to get started, the units are very nicely made from my experience, and actually not too bad to get started with. You're going to need your miner, a PSU (power supply unit, like the one in your PC) and an Ethernet cord. S3+ Specifications: Hash Rate: 453 GH/s±5% with great OC potential Power Consumption: 355 Watt at the wall Power Efficiency: 0.78J/GH on wall Power Supply: 12V DC Size: 331 mm x 137 mm x 160 mm Fans: Two 14038 fans mounted on both front and back ends Operating Temperature: 0 °C to 35 °C Complied with: FCC / CE Network Connection: Ethernet Power consumption: This figure depends on the PSU efficiency, ambient temperature and the accuracy of the power meters. Step One: Network Let's prepare your network. You need to have your routers IP address to look something like 192.168.1.X. The x can be reall...

PoolWarz SHA-256 Auto-switching

What Is Pool Warz? PoolWarz is a pool (with a collection of different mine able coins) that has a little bit of a different approach to the set up of your miners. Creators of this site also bring you CoinWarz , and RigWarz , now have their own pool, they're not linked to one another however. Within PoolWarz , when you create a worker, you only point your hardware at one URL, as opposed to multiple different URLs for separate coins. At anytime you can alter what coin this worker is mining by changing where it's pointer (or "assigned" to ) on your dashboard in your PoolWarz account. Subscription There is an option to pay a monthly subscription fee to PoolWarz for a 0% fee (as opposed to their standard 2% fee) and also getting the ability for "auto-switching". If you've been mining for a while, you'll know the concept of "auto-switching" because it's the same as a multipool basically, except you keep all the coins you mine. ...

Shift Payments Mobile App - Android

As you know, I just got a Bitcoin credit card from Shift Payments which i reviewed a few days ago here . Overview I love the card, and a mobile app for a product like this, in my opinion, is a must. The application is pretty handy and basically takes the place of any kind of website account / web-app. The app is for both iOS and Android devices, I'll be using the Android app. Boot screen Something that a lot of apps seem to forget, that Shift hasn't, is above all keep it simple. The app has a clean simple design that makes it very easy to navigate and consume the functionality within. Wallets & Accounts Accounts screen With the ability to add and remove accounts on the fly, and choose your active account (The account you withdraw bitcoin from) quickly and easily is done very well. It drops that average "slide in" menu from the left or right as most mobile apps use, which is great because that's just one less tap you need to...

My Bitcoin Mining Experience

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