A new type of cryptocurrency has been released today, called MjollnnirCoin. Unfortunately, there are multiple issues with this coin already since its release, so I wouldn’t bother wasting your time on it.
First of all, I’ll give you the specs of MjollnirCoin, so we can get those out of the way :
Algorithm: HEFTY1 (ASIC-resistant)
Ultra secure: SHA-256, Keccak-512, Grøestl-512 & BLAKE-512
Total supply: 42 million mjollnircoins (42,000,004)
Block time: 2 minutes
Block re-target up: Every 10 blocks (Max 100%)
Block re-target down: Every block (Max 500%)
First week reward: 125 MNR dropping to 50 MNR in 5.5 days
Weeks 2 -21: 50 MNR
Block reduction after week 21: Slow steady decrease of 0.85% every 11 days
Multipool defence: Temporal re-targeting
Starting block reward: Increased for the first 4000 blocks
Multipool protection: Temporal Retargeting
Pre-mine: 0.75% 0.5% for public fundraiser, bounties and giveaway
Mining: CPU and GPU
Features: Coin Control,QR Code support and UPNP
While all of the above sounds great, and I personally would love to test the Hefty1 algorithm, it isn’t working if you are a Windows user. Even though there is a specific cgminer release for this coin, it crashes when you start running it.
That, unfortunately, isn’t my biggest issue, albeit is is very fudging annoying. What really ticks me off, is the developer’s attitude towards this problem,and I quote : “Anyway, in Linux it works just fine, and the source is on github.”
This shows a complete lack of care for the mining community, even though I do know that most of us should mine on Linux anyway, but very few of us actually do so. If you can’t be bothered to make a miner for all platforms, then don’t release your coin.
What makes it even worse, is the fact that MjollnirCoin had an IPO, and collected 2.346 Bitcoin in funds. I guess now that the funds are collected, we can all just do it ourselves, as apparently we shouldn’t expect any help from the developer himself.
Another fine example of how not to release a new cryptocurrency, if you ask me.