We at CryptoArticles are always looking at the newer cryptocurrencies coming out. To keep up that trend, we would like to tell you more about HiroCoin.
From the start, HiroCoin states that its X11 mining algorithm is based on DarkCoin. However, that’s pretty much as far as you can compare these coins, as they serve different needs.
In case you would be wondering why they chose the X11 algo, the answer is pretty simple : there currently are only two known X11 coins, so no multipools will hop on to reap the lower difficulty blocks.
It also prevents people who run botnets to mine 90% of the coins , because X11 coins can be both cpu and gpu mined. You could even say that cpu mining HiroCoin wouldn’t be too profitable.
Where DarkCoin wants to allow its users to move funds around anonymously, which is a good thing, HiroCoin looks to offer familiarity to people who used Bitcoin and/or LiteCoin before.
As far as the technical details go , let’s take a look :
60 Second blocks
400 Coins a block
Subsidy at 210m block (~4 years)
Total Coins 672m
Responsible block rewards and a pretty reasonable total amount of coins, all working in favor of the Hirocoin development team.
Now, to mine Hirocoin with your GPU, you will need a special GPU miner. It’s not hard to get it to work, as it’s a modified sgminer, which works almost exactly like cgminer as far as commands go.
I had a little trouble getting it to work myself, as it kept giving me hardware errors. But after installing the latest beta drivers for both my GPU’s, everything is working fine.
HiroCoin can also be traded on several exchanges : at NXT-E against both Bitcoin and NXT, on AllCoin and NewCoinTrade against Bitcoin.