Memorycoin Community Votes in a New CEO, FreeTrade Gracefully Passes the Torch. New CEO Delinquency Releases Statement.
The new CEO of Memorycoin, Delinquency, took the time to respond to my questions after his successful campaign. As many of you know, with the previous iteration of Memorycoin FreeTrade the outgoing CEO shut it down. This time the transition has been smooth and community support has been creating a backing behind Delinquency. He has a clear vision of how he wants to keep Memorycoin growing and helping people while bringing a cohesive framework to the Memorycoin team and community. Delinquency posted his response to my questions about the transition on mmc-square.com. Memorycoin Voting. SF:....
Related News
MemoryCoin was selected as today's Random Coin of the Day for their unique ability to make it infeasible to mine their coin on ASIC devices. To a lesser extent, GPUs are also infeasible to mine on as the amount of memory required to calculate just one hash is 1GB. From the MemoryCoin.org website: The Proof of Work is a modified Momentum-based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better. Each hash requires 1GB of Memory to perform and encrypts 50GB of data. By contrast, the verification only requires 128K....
Memorycoin has hit the transition stage recently. Soon the mining rewards will be cut drastically, and the coin will become more scarce when mining. 60% of the coins have been mined already creating a limited supply while also a solid base of them to use and trade. The value of MMC should increase as the influx of new coins slows. Memorycoin. With MMC being both GPU and ASIC resistant, this has allowed people to mine it with standard CPU's opening up its availability to more people who could not afford exotic mining rigs. I am able to mine MMC on my laptop that has an AMD A8 CPU. I also....
A bill aimed at getting the state of Utah to accept bitcoin for states services passes its first reading in the Senate. The bill has now passed its first Senate reading having already passed through the House of Representatives with a slim majority of 38 Yes votes against 36 No's. Utah state representative Marc K. Roberts introduced the proposal, Bill H.C.R 6, to the Clerk of the House of Representatives on February 10. “THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah, and the Governor concurring therein, recognizes the potential benefits that could come from the....
CoinSwap attempted an upgrade on Thursday, December 18th, which resulted in an outage lasting until 10:00 AM Eastern on Monday, December 22nd. This afternoon we talked with site owner Ian Childress to learn more about the outage. The outage itself was due to an oversight during the upgrade. A unique index for the site database was missing, which caused incorrect balances for some accounts, and permitted others to attempt to place oversized orders or withdraw more coins than they actually had. The community's IRC channel spotted this problem before any serious damage was done, and the....
Sushi DAO’s head chef, Jared Grey, has released a statement addressing the subpoena served against himself and the protocol by the United States Securities and Exchange Commission (SEC). In a Friday blog post on the Sushi Forum, Grey decided to address the growing concerns of the Sushi community using an FAQ format which he claims […]