An Analysis of @RethereumOrg : A new coin on the block. Let's dive in
#Rethereum, with its 42-day history, aims to revive the original vision of #Ethereum as a global, decentralized platform for money.
Algorithm:
#Rethereum employs the EthashB3 algorithm—a fusion of ETHash & Blake3.
The aim? Enhancing speed and security, while reducing congestion.
Specifications:
• Currency: $RTH.
• Reward: 4 RTH/block.
• Block Time: Current average of 8 secs.
• Exchange: Available on Safe.trade as RTH/USDT.
Rethereum's Vision: Designed to align closely with #Ethereum's vision but with nuanced variations. Complete compatibility with the #ETH protocol ensures Ethereum dApps & smart contracts are supported. Additionally, it offers #BNB Smart Chain token standard interoperability.
Mining:
• Algorithm: EthashB3.
•mined with: GPU and CPU
• ASICs: Preliminary tests with iPollos were inconclusive.
•OC: similar to ETH.
• Outcome: Over 3 days and at 1.5 GH/s, I mined about 144 RTH, translating to approximately $35 (RTH at $0.244)
Wallet Integration: #Rethereum doesn’t offer an official wallet yet. However, given its alignment with #Ethereum, @MetaMask can be utilized effortlessly.
Concerns:
❌ Limited development team with just 3 members.
❌ Information and resource availability is scant.
❌ The website, registered only recently on 2023-07-19, lacks polish.
❌ The Discord community could benefit from enhanced engagement and resources.
❌ Navigating the early stages of this project can be challenging, especially for newcomers.
Final Thoughts: While I plan to continue my mining exploration, this is a very early-stage venture. Caution and comprehensive research are crucial before any investment or engagement.
You can read the unrolled version of this thread here: typefully.com/Bokiko_io/bjJyqZE