The blockchain of Grin, a privacy centered crypto created on the Mimblewimble covenant, was subject to a 51% attack. As per a tweet by crypto miner 2Miners, an anonymous group amassed 57.4% of the aggregate hash power of the Grin (GRIN) network on Saturday.

While 2Miners stands second in the list with a control over 19.1% of GRIN’s hash power, sparkpool miners took the next place with a control over 18.9% of hash power.

Data provided by GrinScan indicates that hackers had succeeded in reorganizing a minimum of one forked block at 23:17 UTC on November 7. The anonymous mining group has also tightened its grip on Saturday by gaining control over 58.1% of GRIN’s hash rate. Other prominent miners include 2Miners’ which controls over 24.6% of the network, while that of sparkpool miners has declined to 11.3%.

The organization of blocks can be severely affected when a team of miners begin controlling over 50% of hash power or network’s mining power. This would cause the native token’s price volatility to increase considerably and shatter trust in the blockchain.

It should be noted that a mining group cannot be stamped as shyster just because it controls over 51% of hash power. For example, sparkpool had control of GRIN network’s 60% hashpower but did not disrupt the creation of fresh GRIN blocks.

The GRIN token continue to trade in a stable manner, despite the negative news, declining only 1.3% in the last 24 hours. Back in August, the Ethereum Classic (ETC) blockchain faced a minimum of three 51% attacks, resulting in the reorganization of thousands of blocks.

In contrast to the ETC blockchain attack, which would cost over $7,000 per hour for hackers to retain control of over 50% of blockchain’s hash power, maintaining a 51% control over GRIN blockchain will only cost $75 for hackers, making it an easy target, as per crypto tech data provider Crypto51.

We Give you an idea to overcome the day to day activities in your lifeGrin coin is privacy focused cryptocurrency that is aiming to offer the community a product based on ideas and technology rather than hype and ICO marketing. The Mimblewimble blockchain is being utilized by Grin developers to ensure a leave of privacy and scalability they claim has not yet been offered. The whimsical name is inspired by Harry Potter and its wizarding Gringotts Bank. To maintain a level of transparency and show the community that they are truly building something of value, the project is totally driven by donations. The developers are putting their extra time into Grin without the support of a foundation or barrels of money rolling in and shares a true sense of purity with the original cryptocurrency, Bitcoin. The projects’ founder, like Satoshi Nakamoto, has remained anonymous. He goes by the name ‘Igno Peverell’, and his goal is to build something that is valuable, community-based and open source without crossing over to the overhyped “buy my coin” section of the space. The anonymous Peverell spoke to cryptobriefing via email and shared his thoughts on Grin’s adoption. “We try to keep developing Grin and make it a great project and great community and to not worry too much about externalities and [things] we don’t really have control over.” Grin has been listed on 2 popular exchanges already. After being listed at Bittrex and Poloniex, Grin is showing to have some real value and staying power. This is usually viewed as a culminating and rewarding step for crypto startups, But Peverell is still more focused on viable usage and a strong community of adopters. “Personally, I don’t find them important at all. It’s early days. It’s nice with validation, but we have a lot of work to do. That’s the beauty with a project team that doesn’t have interests aligned with price movements – we work to advance the community and ecosystem, not to make the price go up and down.” This project should excite fans of decentralization and those who believe the development of useful technology is much more important than the rollercoaster markets. Poloniex released a statement that echoed this sentiment when they decided to list Grin. “We believe in supporting crypto projects which encourage distributed, voluntary development and fair, decentralized methods of token distribution. ” Regardless of price, projects with their minds set on building should be applauded as they attempt to realize the potential of the blockchain.The post Grin Coin (GRIN) is Growing on Work not Hype appeared first on ZyCrypto. Source: zycrypto.comYour email address will not be published. Required fields are marked *

Imagine if you had the ability to go back in time and become one of the first people in the world to mine an experimental piece of technology called Bitcoin. Would you do it? Well, you might potentially have your shot with Grin (GRIN) coin.Lately, Grin has been generating a lot of excitement in the crypto community and it, along with MimbleWimble, might signal the revival of GPU mining. It has been in the works since late 2016 and it is a fully donations-based project that was launched fairly. It is not an ICO, it is not pre-mined and it doesn’t have founders rewards. In a lot of.investors’ minds it kind of pattern-matches to a bitcoin 2.0In short – Grin is a privacy coin that uses the MimbleWimble blockchain protocol. A  coin with no amounts, no addresses, and it scales by leveraging cryptography to allow most of its past transaction data to be removed.The Hong Kong-based cryptocurrency exchange has just listed Grin (GRIN) and it is now available to buy and sell. Supported trading pairs include GRIN/BTC, GRIN/ETH and GRIN/USDT.We can only speculate on what comes next, but if Grin follows a path to other mineable cryptocurrencies such as Ravencoin we could see a Binance listing earlier rather than later.However, it should be noted that Grin has its own downsides. It is highly inflationary, especially in its early years. There is literally one Grin coin mined every second. It’s actually a block per minute containing 60 coins. There will be no adjustments to the supply, no maximum cap, nor will there be any deflationary halving events to look forward to. In a sense, Grin is designed to be a private digital currency not a deflationary store of value.Grin’s emission is interesting, to say the least. With an infinite amount of coins and a linear supply schedule, it will mean that it will remain under extreme amounts of sell pressure in its early days. The initial surge spiked the coin’s value to as much as $261, which was quickly brought down to the ground by crypto miners. At the time of this writing, you can buy Grin (GRIN) at a 97% discount via Kucoin, currently trading at $4.40.Right now, Grin seems to be following a similar pattern to Ravencoin. Another mineable cryptocurrency with huger initial inflation that managed to break out of its slump with a vengeance as well as eventually being listed on Binance. It’s logical to assume that Grin (GRIN) could follow a very similar path as well.As far as mining is concerned there is still an opportunity for first-movers to take advantage of the high rewards from early mining. Just as long as you have the right hardware of course. If you’re not in a position to mine coin you can still pick up some Grin (GRIN) at a relatively cheap price via an exchange.Overall, if you’re looking for a get rich quick altcoin then Grin (GRIN) is probably not for you. Grin was launched on Jan. 15th 2019. It’s still a very young and experimental implementation of blockchain technology but so was bitcoin at one time. If you feel confident a 97% is as good of an opportunity to pick up a few Grin (GRIN) at Kucoin.It might not be Bitcoin, but it just might pay off in the long run.MINEABLE.com is your one-stop source for exclusive cryptocurrency news & innovations in Bitcoin mining. Bringing you the latest news, guides on Ethereum mining, GPU mining hardware & software. Tutorials and reviews about blockchain technology, price analysis & market predictions.We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Bitmain Launches New ASIC Mining Machine For Bytom (BTM)The Lightning Network – The Answer to Bitcoin’s Efficiency Woes?Binance Founder Changpeng Zhao (CZ): From McDonalds to Crypto BillionaireWhat is Enjin? The Company Set to Partner on the Samsung S10Cryptocurrency: The Consumer Revolution. Use Mithril (MITH) to Get Tickets for Ed Sheeran Concert in TaiwanVeChain Announce 2019 Summit: BMW, DNV GL and Ocean Ex to ParticipateGrin has been doing things differently. From its privacy basis to its community driven approach to the running of the business, the token on the Mimblewimble project alongside Beam, have got a lot of rightful attention.What is clear is that Grin does not go with the status quo and this is seen no more so than the path taken with regards to mining. Grin, unlike Bitcoin and other major coins can be mined at your personal computer not on large ASIC mining machines. All you need to do is create a mining machine equipped with NVIDIA 1080Ti graphics card and you could dig an average of 1 per day when the main network of Grin was on the line. Grin in terms of mining is actually fairly complexed. Currently, Grin has two proof of work (PoW) algorithms which are designed to be memory latency-bound and not compute-bound like the SHA256 hash function used to mine Bitcoin. According to cryptoglobe, “There are two initial “Cuckoo Cycle” PoW algorithms used by Grin. One has been designated “AR” or ASIC-Resistant, the other “AF” or ASIC-Friendly. The confusion in Grin mining lies in the fact that both can be mined on GPUs right now – and only GPUs, the ASICs haven’t been manufactured yet.”With Ethereum, which was once the coin for graphics card owners, now having rather sidelined these lower level miners following the Ethereum Constantinople update, Grin it seems has taken the mantle as the go-to token for those unable to compete with the changes.1/ $ETH mining operational breakeven, paying $0.06 $/kWh for electricity, currently stands around $67 (estimates depend on operational costs other than electricity). For those buying 2nd hand RX580 GPUs and depreciating them in 1 year, breakeven after depreciation stands at $165According to Shen Yu, F2 Pool founder, Grin has a lot to offer NVIDIA miners:“The daily output is hundreds of thousands of dollars, almost one-fifth to one-fourth of the output of the Ethereum. Therefore, the miners are highly motivated, especially the N-card miners.”Although they may not have the price to match Ethereum, the partnership with Cudo is opening themselves up. Asia Crypto Today reported on the story previously, after Cudo Miner launched its GUI mining software for Grin, which it says will bring Grin mining “to the masses.” In the future they look set for the ASIC mining route too though. A Chinese company from Hangzhou, called VIDTOO, announced on Twitter that its Grin ASIC mining project has started pre-sales and will be available as early as this summer. The mine is more than 50 times more powerful than current GPU mines. The energy consumption is low, and the electricity bill only accounts for 1% of the mining business income.8BTC interviewed VIDTOO CEO Thomas. According to him, VIDTOO will release detailed mine specification data in April, and will be listed as early as June. “There is no public offering yet, and it will be based on market conditions. Determining the official release time and price will undoubtedly be the fastest and most cost-effective ASIC miner on the market.” Thomas said, “G1 will bring significant user growth to Grin, and the growth of computing power will benefit in the long run. The healthy and sustainable development of the currency price.”Currently, the daily production of Grin has reached 20% to 25% of Ethereum and that is without the huge mining companies like Bitmain or others attempting to use their ASIC mining machines. Now with the ASIC being used for Grin, alongside the NVIDIA supported way, it could propel the company forward. Tokengazer CEO, Fan Hongda, sees Grin breaking into the top 40 and become a profitable coin to mine by the end of the year. Perhaps Grin could be the rising star of 2019. Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email. Notify me of new posts by email. Cryptocurrency: The Consumer Revolution. Use Mithril (MITH) to Get Tickets for Ed Sheeran Concert in TaiwanHuobi Prime Vs Binance Launchpad: The New Battle in the Crypto World?With 4,000 Around the World – Why Does China Have No Bitcoin ATMs?Binance Coin (BNB) Partners With Gaming Network LoomCopyright © Shenzhen Wujiexian Information Consulting Co. Ltd.

Key facts:

Crypton transactions are private, have no associated metadata, and cannot be traced

In November 2019 the P2P network Utopia went live and Crypton (CRP), its native currency, was born.

He might not have heard of Bitcoin in early 2010 yet, but that doesn’t mean his dominance as king of decentralized digital currencies was any less inevitable in the years to come. Its advantage of being the first to act and the resulting network effect secured its future.

In today’s world of cryptocurrencies, where half a dozen new copycat digital currencies are released every day, “brand recognition,” or the attention a project receives, is absolutely paramount.

While brand recognition can help drive demand in the short term, it is not a substitute for real value in the long term. Without a real substance, attention will only carry a project up to a point. Ultimately, it is genuine, differentiated, and unique utility that will drive long-term adoption and demand for a cryptocurrency; it is this utility that secures the future of Crypton (CRP).

A year before publishing the Bitcoin white paper, Satoshi Nakamoto observed on a crypto mailing list in November 2008: ‘Governments are good at cutting off the heads of centrally controlled networks like Napster, but pure networks [Peer-to-Peer] as Gnutella and Tor seem to be resisting. ” Five years later, in 2013, Edward Snowden uncovered the global scale of the US government’s surveillance and collection of our personal information on the Internet.

That same year, the anonymous 1984 Group began developing the most ambitious Peer-to-Peer project ever attempted, the Utopia P2P Ecosystem. It combines instant messaging, encrypted email, file sharing, group chats and channels, gaming, website hosting, and digital currencies, all protected by ultra-secure Curve25519 elliptical curve cryptography and supported by a network of P2P nodes without dependence on central servers.

After 6 years of secret development and 4 months of public beta testing, on November 18, 2019 the P2P network Utopia went live and Crypton (CRP) was born with 100% of the newly created coins destined for miners (already holders through monthly PoS rewards); no ICO, no IEO, no team fund, no advisor fund, no foundation fund, no marketing fund, no funds of any kind… a purely fair launch. Beyond this, the 1984 Group not only self-financed all development and public beta testing of Utopia, but continues to fund the improvement and promotion of the project through the support and promotion portal.

To understand the scope of Utopia P2P, just imagine that Signal Messenger, ProtonMail, Tor Network, Torrents, P2P Gaming, Telegram channels, and Monero (XMR) were all integrated into a single ecosystem. Except that the unique, private, and exclusive cryptocurrency that facilitates the transfer of value and trading in the Utopia P2P Ecosystem is, in fact, Crypton (CRP). Utopia offers self-hosted, unstoppable and uncensored paid APIs for websites exclusively at Crypton (CRP). Utopia offers NFTs in the form of aliases or DNS equivalents as uNS records, available for registration exclusively at Crypton (CRP).

Encrypted private messenger from the Utopia Ecosystem.

Utopia offers charge requests that can be used for billing and crypto cards that can allow monthly debits from authorized accounts with limits set exclusively at Crypton (CRP). You now have a much better appreciation of the kind of genuine, differentiated and unique utility that Crypton (CRP) offers, all courtesy of Utopia.

Most cryptocurrency projects that consider themselves privacy coins whether we are talking about Monero (XMR), Zcash (ZEC), GRIN or BEAM, suffer from one or multiple areas of vulnerability. Among them are the absence of privacy by default, the presence of metadata or the use of obfuscation techniques that can be mined through sophisticated methods of seeding and tracking transactions. Crypton (CRP) was designed from the ground up to completely eliminate these weaknesses. All transactions are private by default, have no metadata associated with them, and cannot be tracked or their privacy reduced by any known method, as the blockchain is completely opaque.

Crypton Mining (CRP) uses a unique combination of Proof-of-Memory (PoM) and Proof-of-Routing (PoR) that supports the data caching and encrypted packet routing needs of the Utopia P2P network. New Cryptons (CRP) mining is done exclusively using the newly developed UAM bot, built from the ground up with speed, performance and stability in mind for Utopia’s peer-to-peer data transmission.

The most successful cryptocurrencies have spawned countless forks and copycat projects over the years that have divided communities, divided developers, and undermined the pent-up mindset, thereby reducing the overall potential of the project. Utopia P2P and Crypton (CRP) were designed to avoid that fate and cannot be forked or copied in any way. The state-of-the-art, self-funded development and enhancements of the last 7 years that have built the revolutionary Peer-to-Peer technology that underpins Utopia and Crypton (CRP) cannot be exploited by another team with selfish motives. There can be only one P2P Ecosystem of Utopia and its unique and fully integrated cryptocurrency is Crypton (CRP).

Cryptocurrencies are typically pseudonymous, but not necessarily private. Bitcoin (BTC) and other assets run on blockchains, with each transaction posted publicly online. During a transaction between two or more parties, assets move to different wallets, each represented by a string of characters. 

With these addresses and transactions visible to all, however, a certain level of trackability exists, especially if a wallet transfers funds to an exchange requiring Know Your Customer verification.

Certain crypto assets, which are often referred to as privacy coins, private coins or anonymous coins, attempt to hide information about transactions, giving users more privacy. Why might someone need privacy if they are not doing anything illegal? It could be preference or a view of privacy as a basic human right could be two reasons. Cash is largely private. Every transaction is not recorded somewhere for all to see with the click of a button.

Monero, a coin based on its own proof-of-work blockchain, touts multiple different privacy technology features, per its website, including stealth addresses and RingCT. Added to XMR in 2017, “RingCT, short for Ring Confidential Transactions, is how transaction amounts are hidden in Monero,” Moneropedia, the explanatory section of the asset’s site, explains.

Zcash hails as another popular privacy-focused asset in the crypto space. It started in 2016 and was initiated by the Electric Coin Company, which is headed up by cypherpunk Zooko Wilcox. Zcash stems from the same code as Bitcoin, according to the asset’s website. ZEC operates on its own blockchain with PoW mining consensus, separate from Bitcoin.

ZEC allows both private transfers, called shielded transactions, and public transactions. “Zcash gives you the option of confidential transactions and financial privacy through shielded addresses,” Zcash’s website explains, adding: “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit.”

Dash is another well-known cryptocurrency hosting privacy features. The entity managing the coin’s development, the Dash Core Group, however, clarified on several occasions that Dash is not a privacy asset, although it comes with elective characteristics for added anonymity.

“Dash is a payments cryptocurrency with a strong focus on usability, which includes speed, cost, ease of use and user protection through optional privacy,” the group’s chief marketing officer, Fernando Gutierrez, told Cointelegraph previously.

“Dash is not an AEC!” Ryan Taylor, CEO of DashPay, said in a January 2021 tweet referring to anonymity-enhanced cryptocurrencies, or AEC — a term used by U.S. regulating bodies. “As a literal fork of Bitcoin, all Dash transactions are completely transparent,” his tweet added: “All inputs, outputs, addresses, and amounts are recorded on each and every transaction and viewable - by anyone - on its public blockchain.”

XCoin joined the crypto world as a 2014 Bitcoin fork, later rebranding as Darkcoin, and subsequently Dash. The asset is based on its own proof-of-stake blockchain.

The coin lets users transact anonymously, if they so choose, through what is referred to as PrivateSend. “The technology that Dash utilizes in our PrivateSend function is CoinJoin, which is a technique for complicating transactions to the point that they’re more difficult for analytics firms to analyze those,” Gutierrez explained, as previously reported.

A PoW asset running on its own blockchain, Verge exists as yet another cryptocurrency touting privacy capabilities. Verge started with a different name. “Verge Currency was created in 2014 under the name DogeCoinDark,” the asset’s website states, but was later rebranded into Verge Currency.

An open-source asset, Verge enables private transfers through I2P and Tor tech, which conceal transactors’ locations (IP addresses), according to information from BitDegree, as well as previous Cointelegraph reporting.

Verge gained significant price traction in late 2017, hitting highs around $0.31, based on TradingView data. The asset currently trades at roughly $0.023.

Grin and Beam burst onto the crypto market in 2019, touting a different technology called Mimblewimble. A type of blockchain technology, the concept of Mimblewimble went public in 2016 as a PoW variation, according to a community submission article from William M. Peaster on Binance Academy.

“In a MW blockchain, there are no identifiable or reusable addresses, meaning that all transactions look like random data to an outsider,” the Binance Academy article reads. “A Mimblewimble block looks like one large transaction rather than a combination of many,” the article adds, subsequently diving into other aspects of the technology.

Government overwatch on privacy coins has grown in recent years, as shown in part by the IRS’ efforts against Monero’s technology. Privacy coin references also surfaced in the U.S. Financial Crimes Enforcement Network’s proposed regulation on self-hosted crypto wallets in December 2020.

MimbleWimble is a blockchain format and protocol that provides extremely good scalability, privacy and fungibility by relying on strong cryptographic primitives. It addresses gaps existing in almost all current blockchain imblewimble/grinGrin is an open source software project that implements a MimbleWimble blockchain and fills the gaps required for a full blockchain and cryptocurrency deployment.The main goal and characteristics of the Grin project are:* Privacy by default. This enables complete fungibility without precluding the ability to selectively disclose information as needed.* Scales modestly with the number of transactions, keeping only a ~100 byte `kernel' for historical transactions, resulting in a large space savings compared to other blockchains.* Strong and proven cryptography. MimbleWimble only relies on Elliptic Curve Cryptography which has been tried and tested for decades.* Design simplicity that makes it easy to audit and maintain over time.* Community driven, using an asic-resistant mining algorithm (Cuckoo Cycle) encouraging mining decentralization.Приглашённые спикеры: - @ignopeverell (https://github.com/ignopeverell) основатель проекта Grin (синтезированный голос через ssh) - @hashmap (https://github.com/hashmap) core-разработчик проекта Grin - @lehnberg (https://github.com/lehnberg) член Grin core team (выступление на английском, возможно видеотрансляция) Темы выступлений добавятся позже. Организатор: Ithaka Team (https://ithaka.dev/)

Hey guys! I added some updates to my previous launch day guide to mining Grin Coin (GRIN) where we took place in mining right after the genesis block (initial block of the blockchain for GRIN). This guide can be viewed here.This blog post on the VoskCoin Medium is focused on two key updates you need to know about mining the most profitable coin in cryptocurrency right now (which is GRIN if you did not already know).For the official VoskCoin video walkthrough on how to buy & sell Grin Coin without using the GRIN wallet + Updated mining guide with the fastest GRIN miner please watch it here!First I am going to focus on how to buy and sell Grin Coin w/ Bitforex exchange which you can sign up for here w/ our link to help support more posts about Grin Coin and other popular cryptocurrencies. http://voskco.in/BuySellGrinAre you a member of the VoskCoin Discord server yet? Join the Grin Coin mining & Buying+Selling discussion there! http://voskco.in/Discord2Before I go further into the method of buying & selling GRIN without a Grin Coin wallet I do want to clarify that you can also use the standard IP method with the Grin Coin wallet if you’d like to do so. Simply navigate to your deposit section on Bitforex and click GRIN from the drop down and you will have an address generated for as shown below.It’s a very simple process to buy and sell GRIN without a Grin Coin wallet, after signing up with Bitforex which has not blocked me for being a US citizen which sadly many cryptocurrency exchanges do — you will need to locate your UID numberOnce you have generated your account with Bitforex head back to F2Pool and you will need to have created an account with them and accrued a GRIN balance of over 5 GRIN — they payout automatically once a day between 0000 UTC and 0800 UTC.Next you will navigate to your account settings and then your payout settings. From there you will select Grin-29 which is the GPU algorithm for GRIN.Bitforex has been and still is the largest exchange for Grin Coin by GRIN volume and that is why I chose it along with the simple UID method for payout. Simply input your UID after selecting Bitforex, confirm with your code and submit!At this point you can execute trade orders as you would on any other cryptocurrency exchange, and with a new emerging cryptocurrency like GRIN I am sure I don’t need to explain the absolute basics to you — you’re on the bleeding edge of crypto tech! Just place your sell or buy order at the Bitcoin BTC value you would prefer (which the exchange will show you the USD valuation of that said Bitcoin) and click! You can click an open order to either buy or sell at that price also.Thats it! You have successfully bought or sold Grin Coin, you can initiate a Bitcoin withdrawal from their site if you’d like (recommended). For this you will need to sync it with google authenticator (a free 2fa app) as well as input a personal 6 digit security code — this is separate from the google 2fa. I have successfully withdrawn Bitcoin from Bitforex, as shown below.Cryptocurrency is rapidly changing and evolving, within cryptocurrency is cryptocurrency mining which is also . . rapidly changing and evolving. Grin Coin mining has been advancing at a rapid pace, which can be expected with all of the press GRIN has been receiving. This is an updated guide with the FASTEST miner for Grin Coin to enable you to earn the most profits / acquire the most GRIN mining at no cost in dev fee % or power usage — this is simply the latest GRIN miner with the highest hashrates on Nvidia and AMD GPUs.Bminer has currently lead the way in Grin Coin GPU mining with the fastest GPU miner, their latest release puts them ~40% faster than the leading alternative Grin Gold miner.First lets start with How To Mine Grin Coin GRIN on WindowsYou can download the latest version here http://voskco.in/GrinMinerOnce downloaded and extracted (if you need a free Windows extraction tool, peazip works well) you will then open the GrinningV2 folder and right click mine_grin and edit this file (its a start bat file) by replacing my username with your username you have created on F2Pool.That is it. . it is that simple to start mining Grin Coin GRIN on your Windows PC or Mining Rig — if you are wondering about what the best overclock settings for your GRIN mining rig are — normally +150–+200 core & +500–+700 memory and 75%-85% Power Limit(PL) or 125 watts. These numbers will vary depending on what graphics cards you are using. For example my 1070 TI mining rig that is mining Grin Coin is getting excellent results with +150 core +500 memory and 75% power limitIf you are having issues with your Windows mining rig, increase your virtual memory to 64 GB following this guide here — http://voskco.in/VirtMemHow do you mine Grin Coin GRIN on Linux you ask? I’ll show you how with Simple Miner smOS!Step one you will need to download and install Simple Miner smOS onto a USB drive / your mining rig — download here http://voskco.in/smOSBelow is a video guide by VoskCoin on how to flash your USB for smOSOnce you have Simple Miner smOS installed, you will need to create a group config for the latest/relevant miner — in this example we will be using bminer v13After clicking group config on the left bar of the Simple Mining smOS site you’ll click add group and then select or search for the miner you want, in this case searching bminer is the quickestAt this point you can copy and paste the below configuration into the latest version of bminer and replace voskcoin with your username that you registered on F2Pool with.Next you will click back over to Rig List and check the box(es) next to the miner(s) that you want to mine GRIN with and then click group config and choose the configuration that you just created. You will then click save and you are now successfully mining Grin Coin! You can check the current status of the miner / your mining rig by clicking console in the smOS dashboard.You now (hopefully. . .) know how to easily buy and sell Grin Coin if without using the Linux CLI GRIN wallet. You also know how to mine Grin Coin on Windows as well as Linux through the use of smOS. I’ve attached some other helpful links to the bottom of this post, if you enjoyed it please consider following VoskCoin on Medium as well as subscribing to the VoskCoin YouTube channel — just click this! http://voskco.in/SubAdditional helpful Grin Coin GRIN links belowGrin Coin official wallet setup guide — http://voskco.in/GrinWGrin Coin official wallet download link — http://voskco.in/GrinWdlGrin Coin block explorer — http://voskco.in/GrinScanGrin Coin grinmint block explorer — http://voskco.in/GrinMintOfficial Grin Coin website — http://voskco.in/GrinSiteCompare Grin Coin mining pools hashrates — http://voskco.in/GrinPoolsBest overclocking tool for mining MSI afterburner —http://voskco.in/MSIab& finally you know that we needed to finish this off with . . Tails Vosk!Bringing you the latest technology trends, news, reviews, and updates in the cryptocurrency, blockchain, and mining world.

For a new cryptocurrency, Grin sure is making a lot of investors happy these days. The privacy coin, which only made its debut a month ago,  has already scored listings on at least two leading crypto exchanges — Bittrex International and Poloniex. Many older coins, or at least their communities, are still dreaming of accomplishing this. But there is something different about Grin.Grin is an open-source project that uses the Mimblewimble protocol for scalability, privacy, and fungibility, features that are increasingly attractive to crypto investors these days. The name is a reference to the Gringotts bank in Harry Potter, which is also the origin of Mimblewimble. And, similar to bitcoin, Grin's founder (for lack of a better word for an open-source decentralized project) is anonymous, using the wizardly pseudonym Igno Peverell.Grin is also 100% donation-driven. This means that many of its developers, who are feverishly working on making Grin more accessible to the mainstream, also have day jobs. There is no foundation backing them or founders reward, or any other cushy features.Grin developers, it seems, wouldn't have it any other way.  Software development engineer Daniel Lehnberg told Crypto Briefing:"Arguably it's the community that got me sucked into the project after having read about it, and it's the biggest asset we have I would say."Maybe that's why the exchange listings didn't go to their heads. Peverell told Crypto Briefing:"We try to keep developing Grin and make it a great project and great community and to not worry too much about externalities and [things] we don't really have control over."That's not to say that Grin doesn't engage with exchanges, however. "In terms of effort we undertake, we try to answer earnest questions by serious exchanges to the best of our abilities," noted Lehnberg, adding:"Personally, I don't find them important at all. It's early days. It's nice with validation, but we have a lot of work to do. That's the beauty with a project team that doesn't have interests aligned with price movements – we work to advance the community and ecosystem, not to make the price go up and down."What they are focused on is "buidling." As Lehnberg noted: "[Grin developer] @yeastplume has been busy getting us windows support, which is really nice."  When that becomes a reality, users can run a wallet and a fully synced node from a Windows environment."We're also trying to foster more wallet development [and] provide libraries to make those easier to build for the community," added Peverell.If other new coins are taking notes, the crypto community has been particularly impressed with Grin's anonymous and decentralized model, one that skipped the ICO in favor of reserving token issuance to the proof-of-work (PoW) mining system.This is what inspired Circle-backed Poloniex to list the token.  The crypto exchange stated: "We believe in supporting crypto projects which encourage distributed, voluntary development and fair, decentralized methods of token distribution. " Not only is Poloniex listing Grin but their engineers had to do extra work to support Grin's privacy and scalability tied to Mimblewimble. The exchange is also shouldering a percentage of the GRIN trading fees for the next 12 months in a nod to the project's donation-fueled model — 50% for the first month and 25% for the balance of the period. Not to be outdone, Bittrex International is slashing Grin trading fees by 75% through Feb. 22, 2019.At this rate, other big crypto exchanges could be exploring a listing of their own.I think it's fair to say that the regulatory risk in @grinMW is comparably small. That's why we see US exchanges such as @BittrexExchange and @Poloniex listing. Another upside of decentralization/fair launch. I wouldn't be surprised if @binance and eventually @coinbase listThe Bittrex listing was actually on the non-U.S. international arm of the exchange. Since Feb. 8, however, the day before that listing, Grin has added 20% to its value.What's their secret sauce? "So far we've just been trying to stay exceedingly nice and polite, hoping it shows, and stay that way," said Peverell.The author is invested in digital assets, but none mentioned in this article.The post Grin Coin Buoyed By Exchange Listings appeared first on Crypto Briefing. Post a Comment BLOG_CMT_createIframe('https://www.blogger.com/rpc_relay.html');

(adsbygoogle=window.adsbygoogle||[]).push({}); Home Bitcoin Popular New Hard Fork Planning in Altcoin Grin by admin March 28, 2019 in Bitcoin 58 0 0 189 SHARES 1.5k VIEWS Share on FacebookShare on Twitter (adsbygoogle=window.adsbygoogle||[]).push({});ADVERTISEMENT Open source developers behind privacy-based crypto money Grin discuss potential changes in the project's hard fork roadmap.(adsbygoogle=window.adsbygoogle||[]).push({}); Related articles Japan's Largest Railway Company Considering Accepting Crypto Money Payments! March 29, 2019 The largest US stock market pays institutional investors to "staked out" cryptocurrencies March 29, 2019 var lated class":"jeg_col_2o3","class":"jnews_block_21"}; In particular, if the continuity plan for sustaining the mining reward with system-wide improvements is not expected as expected, the developers of the code for the project will likely want to upgrade the plan.The proof-of work mining algorithm discovered the Cuckoo Cycle, said Grin's developer, John Tromp, who announced last Tuesday that the latest changes to the Grin Governance meeting will be implemented in mid-July."[Cuckatoo-31] The single-chip ASIC announcement has undermined our progressive completion program asıl whereas its main goal was to prevent single-chip ASICs in the future ip içinConsidering, ASICs are expensive, customized hardware designed to optimize gain for specific mining algorithms. Developers think that ASICs dominate the world of crypto money, as manufacturers become monopoly power, they are wrong.(adsbygoogle=window.adsbygoogle||[]).push({});When Grin first launched, the developers wanted to prevent the ASIC manufacturers from benefiting from other people, and for this they tried to create a healthy competition environment with the cheaper GPU manufacturers to buy and operate. In order to keep the ASICs away, the Grin developers' network agreed to replace the hard drive every six months and change the mining algorithm every two years.In this way, the network would be transformed into ASIC-friendly Cuckatoo31 +.But things are not going as expected. At present, roughly 81 percent of the Grin blocks are being mowed with ASIC-resistant Cuckaroo29. According to David Vorick, CEO of the ASIC manufacturer Obelisk, only the remaining 19% are mines with Cuckatoo31 +.In the trump statement Cuckatoo-31, this ratio continues to decrease. Developer Daniel Lehnberg thinks Cuckatoo-31 will end in August next year. Cuckatoo-33 appears in 2023.However, this plan can lead to problems. Both Tromp and Vorick believe that this program should be postponed. If it is not postponed, Vorick says that ”there will definitely be an ASIC monopoly in Cuckatoo-32, which is something that Grin developers are trying to prevent.Vorick said:Enc Single-chip miners [Cuckatoo-31] We have shown that multi-chip designs are not competitive, and if the phase change is not delayed, we will be developing a single-chip Cuckatoo-32. ileCall for ActionThe Cuckatoo-32 design, will be expensive and difficult to prepare and will make competition very difficult, oo says Vorick.”The mining ecosystem for Grin would be better if it stayed at Cuckatoo-31, and it was easier for both cheaper and new people to join.“Tromp:"No changes to dedi Cuckatoo-31 + 31 can be applied before 18 months of time, without anyone approving it," he said.(adsbygoogle=window.adsbygoogle||[]).push({});Kriptokoin.com gelişu to be informed of last-minute developments twitter'in follow, Facebook like our page and Telegram Join our channel!The post Popular Altcoin Grin New Hard Fork Planning appeared first on Kriptokoin.com.