Skip to main content

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
Labels:
Location: Hanover, ON, Canada

Comments

Post a Comment

Popular posts from this blog

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...
1 comment
Read more

BTC-Flow

Today I'll be giving a bit of a look into BTC-Flow . It's a game based bitcoin faucet that has me pretty into it. No more of the jumping from site to site clicking your way through pop ups and other fun activities. The concept of the game is that you run a  company. At first, your company mines bitcoin and has a earning rate of 0.0000015 BTC/Min and your max capacity is 0.000012 BTC. Your part in running this company is getting the bitcoin from your company either before or after your max capacity is hit. You then need to click once your bitcoin capacity is reached to put that balance into your main bank. From here you basically repeat this as much as you'd like. If you really enjoy this, you can "level" your business with bitcoin to increase capacity and earning/min at any point. If you like faucets, you need to check this out . BTC-Flow.com
5 comments
Read more

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. ...
Post a Comment
Read more