After an accidental pre-launch Ruby Coin is now having a real launch today, February 24th @3PM EST! With pre-orders already coming in the value is expected to be quite high!
“Rubycoin takes advantage of the scrypt algorithm accompanied by Kimoto’s Gravity Well for future-proofing. Unlike most alternative currencies, only 60 million total coins will be created – a seemingly small amount in the crypto world. But this means that, according to supply and demand, the price per coin should be higher and thus gaining a more reputable market interest.”
Hopefully this launch will be a bit more successful than the first, although I imagine it will be. Currently the devs are offering up rewards to those who had mined Ruby to try and make amends with them.
With so many different types of coins launching these days it’s impossible to try and distinguish which ones will last and which ones will be simply be dumped as fast as they can be mined. We’ve seen many coins such as PANDA and XXL go from the most profitable, to garbage over night. While coins like DOGE and PTS stay relatively profitable. We’ll be mining Ruby for a few days, we’ll keep you guys posted with how it goes!
