Is a cryptocurrency utilizing Proof of Work – No ASIC currently exists for Groestl & it is unlikely that one will be developed for it anytime soon. GroestlCoin will be ASIC-free for the foreseeable future. – Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance. – With the influx of ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level. – The extra added value of Groestl is that the “richer advantage” (owning several GPU) is less interesting with Groestl; so fairer. – Stands for democratization of currency and mining, the ability to send and receive money immediately anywhere in the world, to not pay expensive banking fees, and to transact in an environment that is secure and anonymous. – Through an innovative algorithm, the Groestlcoin network consumes far less energy, maintains stronger security, and rewards miners in more sustainable ways than sha256, scrypt, x11 and x13 based coins. – Grostl will be the new greener home of GPU miners as it offers greater hashing results with less energy and heat. – We strive to make groestlcoin available to the masses. Innovative and user friendly, accessible for everyone. We highly value integrity and transparency. Digital currencies are the future and Groestlcoin will be one of the leaders in this revolution.
Block reward
Block reward (blocks 0 .. 120,000): 512 GRS, decreased 6% every week
Block reward (blocks 150,000 and up): 25 GRS, decreased 1% every week
Minimum block reward: 5 GRS
Specification
Grøstl (http://www.groestl.info/)
Specifications PDF: http://www.groestl.info/Groestl.pdf
Total Coins: 105,000,000 (5x total ammount bitcoins)
Block Time: 60 seconds
Difficulty Retarget: every block
Difficulty adjustment: Dark Gravity Wave 3
Confirmations on Transactions: 6
Mined coins mature in 140 blocks
Secure and Open Source
GPU and CPU friendly
Lowest energy and heat when GPU mining
ASIC-free
Official Groestlcoin website http://www.groestlcoin.org
GroestlCoin Blockchain Explorer https://chainz.cryptoid.info/grs/
Pools :
http://dwarfpool.com/grs
https://grs.suprnova.cc
Exchanges https://www.poloniex.com/exchange#btc_grs
Official Groestlcoin Forum http://www.groestlcoin.org/forum/
