Bitcoin has totally taken over the cryptocurrency industry for countless years because all of those who tried to imitate and do what they achieved did not get any stellar results. However, at this time, a new rival has emerged and it is declared that it might offer better features to the folks who want to mine coins and to those who are already mining. YOcoin is gaining a lot of popularity because of the things that they promised to the general cryptocurrency community, but the only issue right this moment is if this type of currency could have a competitive advantage to ensure success when so many others have failed. Let's take a closer look at this new entrant and the possible benefits that it could offer for the people who're looking for a bitcoin alternative.
YOcoin is said to be simpler to mine compared to the other cryptocurrencies on the industry right now and according to reports, you can even mine at home as long as you have a decent graphics card. This will benefit you greatly because you will not have to spend a lot of money to buy a high-end graphics card to make sure that you may mine the coins. Graphics card contains graphical processing units (GPUs) that are really important for SHA hashing mathematics, that may then be used to solve transaction blocks. Also, the coins that you will mine would be recorded in a blockchain as well. Wallets are now accessible for Windows, Mac OS X and Linux so you could start mining this new altcoin.
Dave Wilson, Chief Operating Officer of YoCoin, said that they've been working for a very long time to finish this venture and they are looking forward to take this currency to the next level. This is quite fascinating since they are planning a lot of things for the future of this currency. Network marketing firms are already obtaining advantages from this currency so the team is planning to expand its reach to casinos and other merchants.
It may seem like a tough task, but it's not impossible given the undeniable fact that this new currency is getting a lot of hype in the past few years. If this currency will probably be approved and implemented by casinos and other merchants, the users will truly benefit from this.
You have to understand the new improvements that YoCoin wishes to do in the future like the issuance of physical YOC coins and mobile wallet for Android users. These coins can in fact be considered as a gift to your friends and family and you may collect them as well. These coins will probably be considered as collectibles by a few individuals instead of currency, but it can be used both ways. This will surely be fascinating because a lot of individuals are waiting for these improvements. We can most likely expect more from this new form of Internet cash. This new cryptocurrency will undoubtedly competitor bitcoin or possibly surpass it.
This is made for a younger crowd and millennials so you could expect that this may be much simpler to mine. You should begin researching about this new currency now if you'd like to begin mining.
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