For our last article of the day, I want to talk to you guys about another new Crypto, which will actually be released tomorrow evening. YupCoin is the name, yup. It’s also a new Scrypt coin, which is a rare breed these days. Let’s take a look!
As I mentioned, the Scrypt coins are a dying breed. New coins all have fancy algorithms, X11, X13 , and who knows what will be next. I have a Scrypt ASIC miner (thanks to ZeusMiner) which I want to put to use, and Litecoin mining is pretty much impossible if you want to get an ROI.
YupCoin might be the savior for all of us Scrypt ASIC owners. Even though I only have 1.3 hash/s of mining power, I would like to mine something with it. so YUP it is, a full-blown Proof-of-Work Scrypt coin. No staking either, which is a welcome change!
There are other reasons why YupCoin is on my radar, besides for personal use. YUP has no pre-mine, no IPO, and most importantly, no shenanigans. Plus, with only 21 million coins in existence at its peak, the supply is fairly limited.
YupCoin miners will be rewarded with 50 YUP per block, but the rewards will halve after block 210,000. We will see roughly 72,000 YUP being mined each day. Mined coins and transactions take 6 confirmations to mature, which shouldn’t take longer than a minute in general.
As I mentioned, there are no shenanigans with YupCoin. No anonymity features, no special things we will probably never see. Just two developers (that I know of, there could be more) who will work hard and enjoy the experience of having their own coin.
YupCoin is also not looking to get listed on exchanges instantly, as it’s not on the priority list. This is an approach I really like, and which more developers should try to follow. Although part of the responsibility is also with the exchanges of course.
If you want to find out more about YupCoin, you can check the following sources :
YupCoin website : http://yupcoin.co/
YupCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=653666.0
YupCoin on Twitter : http://www.twitter.com/yupcoin
YupCoin on Facebook : http://www.facebook.com/yupcoin
YupCoin on IRC : https://kiwiirc.com/client/irc.kiwiirc.com/#yupcoin