Pool Hashrate 2.33 TH/s
Network Hashrate 50.38 TH/s
Curecoin is finally here!
Network security from hashing is good. Making money is great. Curing Cancer, Alzheimer's, Huntington's, preventing viruses, and designing next-level pharmaceuticals is awesome. What if we could put these together, to build a coin secured and run by crypto, mined with SHA256, and supported by cancer-curing research?
What benefits does it provide?
Most currencies are either in the CPU/GPU stage, or in the ASIC stage. Curecoin can be earned with both. Folders use high-end GPUs and CPUs to fold proteins, earning a proportional amount of coins set-aside for their contributions. Miners mine with SHA256 ASICs as usual, securing the blockchain for the Curecoin network. Whether you are heavily-invested in ASIC equipment or still have GPUs and CPUs, you can participate. Due to the nature of folding (diverse, constantly changing, not easily predictable), GPUs and CPUs will both always be relevant, so an investment in consumer hardware isn't wasted.
How is it different?
Curecoin allows owners of both ASIC and GPU/CPU hardware to earn. Curecoin puts ASICs to work at what they are good at--securing a blockchain, while it puts GPUs and CPUs to work with work items that can only be done on them--protein folding. While still having a secure blockchain, it supports, and thus is supported by, scientific research. While it isn't technically 'backed' by scientific research (there's no central authority you can visit to trade coins for scientific research) the coin has intrinsic value as both a currency and as a system of purchasing a tradeable representation of medical research. Similar to the idea of carbon offsets, someone with money can buy some Curecoins which represent a proportional amount of scientific/medicinal research, while someone with tech know-how can also contribute to the folding effort, doing the hands-on work, and gain profit. The value imbued into each unit of the currency from the folding network it represents would add additional traction and inertia to the coin's trading value. As time goes on and the amount of folding done for the network increases, the amount of research that each coin represents grows.
How does the network maintain balance?
Since the daily total from network output from both mining and folding are locked at 20:80, an increase in miners will subsequently raise the scarcity of the currency (per capita), resulting in folding becoming even more profitable and in-demand, encouraging additional folding power. Vice-versa, an increase in folding power will likewise indirectly cause a delayed increase in the network security. Pegging the reward of each type of work to a constant value allows the change to hit a brick wall in changing the currency distribution, which causes other parts of the equation to expand--mining/network security, and folding/coin value. This value in medical research and network security both act to influence the USD/CUR trading value. As the folding and hashing efforts grow, the currency becomes more scarce per capita, creating a general increasing trend of monetary value. Just like any other crypto, Curecoin is a currency, but in this case, one that has more adding to its value than cryptographic security.
Is Curecoin limited to only protein-folding?
No! As the network evolves, additional scientific computing projects can be easily added, in which case the folding reward would become a scientific-computation reward, and would be split fairly between various projects (including CPU-only ones!), and could be done so in either a way to encourage people to balance the projects, or in such a way that people can do whatever project they wish, and receive the same or very similar profits.
What are the details?
Mining: 13 coins per block (start)
1 block per 10 minutes
Block-halving every 4 years
Folding: 7488 per day (average of 52 per block) (start)
Reward-halving every 4 years
Rewards processed on a daily basis, based on points earned
PoS mintage model also included.
How does this benefit someone with GPU/CPU power?
Rather than mining alt currencies with a (in comparison to ASIC and FPGA equipment) very inefficient hash-generator which uses large amounts of electricity, you can do protein folding (which uses less electricity), earn great returns, contribute to a variety of great computational scientific research, and decrease the wear-and-tear on your precious hardware. Indirectly, you also cause increases in ASIC mining power through network rebalancing.Additionally, NVidia cards are great at folding!
How does this benefit someone with ASIC power?
As someone with ASIC mining power, you can help increase the network security of Curecoin, earn good money from your work (through the proof-of-work block reward of Curecoin), and indirectly support folding efforts through network rebalancing.