GamerCoin Pris (GHX)

What Is GamerCoin (GHX)?

GamerCoin is the first licensed token for gamers and the native utility token of the GamerHash platform, which is used by more than 600,000 users to mine cryptocurrencies with gaming PCs. GamerHash’s mission is to provide gamers with a simple and free tool to reap the rewards of blockchain mining and put their idle computing power to use without them having to do much.

Its solution is software that utilizes the computer’s idle computation power and mines cryptocurrencies in the background. The algorithm matches the most optimal cryptocurrency to mine to the user’s hardware configuration and converts the altcoins automatically into bitcoin after mining them. Funds are transferred once a day to users.

GamerHash claims to have built one of the biggest self-financing supercomputers on the planet based on gaming computers voluntarily contributed by players. It has built up its user base in three years and aims to surpass its one million user target by the end of 2021.

Who Are the Founders of GamerCoin?

GamerCoin was founded by a team of Polish entrepreneurs. CEO and founder Patryk Pusch has been a serial founder of gaming, affiliate and VR projects for several years and has been in crypto since 2013. CMO and co-founder Artur Pszczolkowski worked as the head of digital in a Swiss-based global corporation and has over 15 years of corporate experience. He is also the founder of the Swiss-Polish Blockchain Association and the Polish Blockchain Chamber. CSO and co-founder Mike Grzybkowski was previously the CEO of coin-paprika.com and the founder of the largest data center in Poland. He is also an Oxford Blockchain Strategy Programme alumnus.

What Makes GamerCoin Unique?

The GamerHash platform consists of its application, the web platform and the mobile app. Its main purpose is to reward users for sharing excess computing power since playing resource-intensive games requires 100% of the computing power, but on average, only 15% is used. Users can share their excess computing power by downloading the application and running it in the background. They receive between 93% and 100% of the mining rewards, with more funds being paid out the more the app is used.

GamerHash also released a new feature called Play&Earn, which is targeted towards low-end computers. Users can earn additional funds for completing specific tasks like downloading the mobile app, playing an MMO game, or other tasks provided by affiliate partners.

GamerHash uses a technology similar to a multi-currency mining pool implementation. It has created a distributed mining platform with a simple and user-friendly graphical user interface that can predict which cryptocurrency is most profitable to mine based on the pool’s hardware capabilities. The system is able to calculate which coin will maximize profits for each user and chooses accordingly. GamerHash also checks the pool status and the mining process by using a custom automated control and reporting system

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Read our deep dive into the future of gaming in a virtual world.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many GamerCoin (GHX) Coins Are There in Circulation?

The total supply of GHX is 880 million. 322 million GHX was released at the token sale. The token distribution is as follows:

36.6% - token sale

15% - team

14% - foundation

12% - ecosystem fund

9% - marketing and strategic partnerships

5% - community and game mining

4.4% - liquidity reserve

4% - advisors.

Users can receive GHX tokens either on secondary markets or from the network in two ways: either through sharing their idle computing power and mining cryptocurrencies, which is rewarded with an additional 20% bonus in GHX tokens for each daily withdrawal. The other option is to receive rewards by performing tasks from GamerHash’s affiliate partners. However, both options have a minimum time frame of 30 months. The monthly limit to earning GHX through mining is the equivalent of $10,000 USD, while the limit through Play&Earn rewards is $50,000.

How Is the GamerCoin Network Secured?

For isolation and resource control, GamerHash uses the same technology that powers Docker engine, Linux namespaces and cgroups. Each component of the web application is contained in separate, isolated containers. The platform is secured by GreyWizard technology, giving it security from bots, brute force, and DDOS attacks. Databases are only accessed through a VPN, and Prometheus technology instantly measures critical points of infrastructure in real-time.

GHX is a ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Can GamerCoin Hit $1?

GamerCoin has an interesting and unique concept with real utility. That being said, it has dropped significantly from its all-time high of $0.80 in May to around $0.10 in October. Whether GamerCoin can approach all-time highs again will largely depend on the overall state of the cryptocurrency market and whether it is able to expand its user base fast enough to become more profitable.

Where Can You Buy GamerCoin (GHX)?

GHX is available on KuCoin, FMFW.io (Bitcoin.com Exchange), Bithumb and Uniswap (V2).