Last Update: 2015-02-03 07:46 UTC
Groestlcoin (GRS) is a new cryptocurrency utilizing the Groestl algorithm for Proof-Of-Work. To cut it short essentially GroestlCoin is about one thing - making efficient mining possible for EVERYBODY who wants to mine – whether on an old CPU or a new GPU. Here is why: 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 coins. Original announcement.