What is Groestlcoin?
GroestlCoin (GRS) is a peer-to-peer Internet cryptocurrency utilizing the Groestl algorithm that enables instant payments to anyone in the world. GroestlCoin makes efficient mining possible for EVERYBODY who wants to mine – whether on an old CPU or a new GPU. The Groestl algorithm is possibly the single most GPU-efficient algorithm implemented in any cryptocoin on the market. A comparison between many different algorithms shows that it has the lowest power consumption, heat, and noise of the array of newer ones being implemented in cryptocoins. GroestlCoin is also notably accommodating for CPU mining as well, with only a 5x-10x hash difference between CPU/GPU – a much smaller spread than that of Scrypt and sha256 coins. In essence this means that everybody, especially including those who can’t afford or want to invest in expensive mining equipment, can mine GroestlCoin and get reasonable rewards. 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 scrypt ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level.
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CategoriesBusiness & Commerce • Bitcoin & Cryptocurrency • File Sharing
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- Developed by GroestlCoin
- Open Source and Free product.
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Groestlcoin was added to AlternativeTo byon May 22, 2014 and this page was last updated Nov 16, 2021. Groestlcoin is sometimes referred to as GRS.
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