We were feeling a bit nostalgic for the old times where a new altcoin with a fresh algorithm and a new miner will launch and we would just go and mine it. Signatum (SIGT) has just offered what we needed to feel nostalgia over the old mining times no more. It is a new coin with no premine, ICO, dev fee or any of these and it comes with a new algorithm and thus new miners to support it. It is a POW/POS coin, though POS with 5% annual will start after block 98500 and POW mining will end at block 100000. The initial block reward is 2500 SIGT, down to half after block 3000 then halving again after block 60000. The total PoW coins that will be mined are 137,500,000 with block time of 2 minutes, after that POS is 5% annual on staked coins. There are no big promises being made for big and bright future with this one, though there is a lot of user interest already and a lot of miners are jumping on board, so who knows…
There is a CPU miner available, though with the release of AMD GPU miner (forked sgminer) and Nvidia GPU miner (forked ccminer) there is not much point mining with CPU anymore. SIGT is already being traded on Cryptopia with more exchanges probably following soon with the user interest apparently growing for this new altcoin, so you might want to check it out and give it a try mining if you have some spare GPU power available.
Signatum Mining Pools:
– You can check the SIGT announcement thread over at Bitcointalk for more details…