FoldingCoin - New altcoin that helps Science and Medicine!
This is from bitcointalk.org. Check out this coin, it is starting to go up in value and the premise of it is really cool!
You can use your own machine to process folds and help the medical community to study and cure diseases and conditions. I have already invested in this coin as it is quite innovative, I would encourage everyone to read into it and check it out more.
FoldingCoin are available currently on Bittrex, Poloniex and Counterparty DEX.
Read below from bitcointalk.org:
If your like my team then you invested a ton of money into GPUs and CPUs for Bitcoin mining early on before the ASICs dominated the market. If your also like us then you have switched to doing Altcoin mining since last April and now with the Scrypt ASICs this year you find your self in the same situation where you cant turn a profit. Well we have the next generation of mining for us all - FLDC or FoldingCoin
HOW DOES IT WORK?
Instead of mining a coin directly, simply point your GPUs at the Folding@Home network developed by Stanford university by downloading their FAH client. What this program does is uses your computers resources to help fold proteins for scientific research. No configuration like CGminer or anything else is needed. This program is very well put together and straight out of the box.
HOW DO YOU GET COINS THEN?
The way Stanford has this setup is you create a user name and you choose a team that you would like to fold with. You are then given credits for the work you do. Now these credits do not mean anything for the folders at Folding@Home rather they are for bragging rights as you can see a list of all credits awarded on their stats page and you can see where you stand. Well with the counterparty Bitcoin 2.0 project that has recently been released you are able to build new coins on top of the Bitcoin network that already exists. The benifits of this is unlike altcoins that are subject to attacks and difficulty fluctuating all the time, your coin that you create on counterparty is actually secured by the Bitcoin network itself. To see one of these working coins just head over to Let's Talk Bitcoin! as they already have their own coin working using the counterparty protocol. What FoldingCoin.net will do is create a coin using the counterparty protocol and distribute them weekly to every participant in the FoldingCoin Team. 3.5 million coins will be divided equally amongst all participates according to how many credits they have contributed that week to the folding network. For example: if 17,600,000 credits have been folded on the network then the equation will be:
3,500,000 FoldingCoins / 17,600,000 credits = 0.199 FoldingCoins per credit earned. So if someone had 100,000 credits then they would receive 19,900 FoldingCoins. FoldingCoins are traded as FLDC on the CounterParty network, please click on The Coin in the menu bar for more information
Awesome thank you for sharing this! :) i followed you perhaps u look at my blog and u find some graffiti that u like! <3 kalipo
Very neat! I wish I would've held on to mine~..
It couldn't get any sexier :)
Wasn't there something like curecoin also set up by them?
Folding Coin is brilliant. There are a few others with really good ethics, but FLDC is cool. Well worth checking out.
I love foldingcoin, i think its an incredible initiative, and have started folding myself. My Dad has Parkinsons and I'd love to see a cure come from science and tech like this.