As we recently announced in our last club update (Update #3 - We’ve Landed on the moon) we’ve purchased our first GPU-powered miners, which we plan on using for speculative mining. Our goal is to leverage specultaive mining to diversify our mining pool and reduce overall risk.
Here is a list of Altcoins that we are activley researching for our speculative mining efforts along with a brief description on why we find them interesting.
|Altcoin||Description||Why we like it|
|Sumokoin (SUMO)||SUMOKOIN is created with a high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 12 to conceal sources/amounts transferred and make it high resistance to blockchain analysis||Based on Monero. Upstream dev community is working on some exciting security enhancements beyond the scope of the Monero project. Recent enhancements to the UX of their wallet are nice and smooth. So far, has been resistent to “pumping and dumping.”|
|Electroneum (ETN)||Electroneum makes it easy to access and use a super secure cryptocurrency that has all of the benefits of Bitcoin and more. Transactions in Electroneum happen faster and are more anonymous. Did you know that anyone with your public Bitcoin wallet address can see how many bitcoin you have, and your entire transaction history? Electroneum protects your transaction history and wallet contents from prying eyes, whilst leaving publicly accessible transaction hashes available for the technically discerning to authenticate transactions.||Original ICO project based on Ethereum, and uses the well-known Cryptonight algorithm for mining. Very easy to use, very secure by default, and is mobile-first.|
|Karbo (KRB)||Karbo is a decentralized peer-to-peer exchange network and medium, that does not have centralized management or issuer and ensures privacy and anonymity of operations without intermediaries and regulators. Its units of exchange are cryptographically protected (encrypted) units of information. They are protected from copying and counterfeiting by the blockchain technology.||Karbo is a regional coin specific to Russia and Ukraine. We’ve seen regional coins like MONA, gain traction in the market. Russia/Ukraine users have the tendency to use home grown technologies (ex. the use of VK over Facebook in Russia.)|
We encourage Crypto Noob Club members to provide us with feedback on our Altcoin research efforts. If you have an Altcoin you’d like us to take a look at, send us an email and we’ll check it out.