HunterCoin

Huntercoin is a(n) truly innovative alt-coin which features a dual SHA-256 and scrypt traditional mining system along with a truly unique gaming graphical interface through which people can control in-game characters to collect coins.

According to the developers, Huntercoin is “an experiment in decentralized (server-less) peer to peer gaming.” It’s called ‘Huntercoin’ because of the way that gamers are actually hunting for coins within the games graphical interface that is connected to the wallet. The term ‘human minable’ is used frequently by the developers and is actually an accurate statement.

Huntercoin is a very ambitious project. On the one hand it seeks to create an entirely new category of online multiplayer gaming which would eliminate the need for central servers and make it practically impossible to cheat. On the other hand, operating a game within the construct of a peer-peer crypto-currency could have all kinds of unintended consequences and will likely lead to a lot of similar projects. Actually, this is one of the first of many blockchain applications that will develop in the future.

Overall, there is a lot of excitement surrounding Huntercoin. According the developers, over 3000 people are now playing the so called MMOCG (massively multiplayer online crypto-currency game). The reaction to Huntercoin has been very positive as well. People are clearly attracted to this very original and innovative project.

This is by far the most interesting and inventive altcoin I’ve seen in the past year, but it has remained largely unnoticed amongst the flood of litecoin clones and pump&dump coins. HunterCoin is a fork of Namecoin that uses namecoin’s protocol not to resolve domain names, but to host a decentralized game that is played on top of the blockchain. Instead of mining, people can earn coins by playing the game.

This is one of the rare coins that I don’t have a lot of negative things to say about. The concept is really cool and unique. A bit silly, perhaps, for a currency, but I have no doubts that this coin will be popular. Even the mining aspect of this coin is unique. It can be mined via SHA256 or scrypt, and has seperate difficulties for each. This means that both ASICS and traditional GPU mining rigs are on equal footing here. Very cool.

However, I do have a gripe with the particulars of how it was implemented. The difficulty adjustment is based off the previous 2000 blocks and because of this, adjusts painfully slow. This caused it to be instamined to a very large degree. With a block time of 60 seconds, there should be about 9000 blocks out there right now… But due to the slow difficulty adjustment, there’s currently 39000 blocks. I generally hate this sort of thing, but I’m willing to overlook it due to the overall uniqueness of this coin.

HunterCoin has an extremely low block reward of 10 coins per minute, and there’s under 500,000 of them out there right now. At the current price of .0017 BTC, this gives it a current market cap of about $550,000. Compared to garbage litecoin clones like KittehCoin and Mooncoin which have over $2,000,000 market caps, HunterCoin is very underpriced in comparison. This is largely because it’s not on coinmarketcap or cryptsy yet, so it has little exposure. When it gets listed, watch the price explode. I’ll be stocking up in the meantime. This coin is a no-brainer for me. Unique concept + low market cap is what I love in a potential investment.

Huntercoin Features:

Human Mining – Control Hunters to harvest coins in another dimension using strategy, time & teamwork.

1 Minute Block Times.

Dual Algorithm –SHA256 + Scrypt. Each algo has separate difficulty, both targeting 2 minute blocks. Both are Merge Mineable.. See http://wiki.chronokings.com/index.php?title=Mining

Total 10 coins Per Block – 1 to the miner, 8.75 onto the Map.

Crown of Fortune – 1 Unique Item on the map which will generate 0.25 HUCs per block

When a Hunter harvests coins and brings them back to a spawn area, the coins will materialize in their wallet, Miners will receive 10% of these ‘banked’ coins (TAX)

When a Hunter is killed, 4% of the coins they held will be taken by miners. The rest will be dropped to the ground.

Hardware Miners should receive in total (over time) ~20% of the Block Reward (2 Coins) + Player Death Taxes.

42 Million Total Coins

Retarget Every block based on last 2016 Blocks (for each algo separately) – PPC Style

Can be considered a basic decentralized P2P Massively Multiplayer Online Crypto Currency and Game, which takes place within the block chain.

Includes all relevant features of other crypto currencies.

Integrated Client Chat – Player can chat per block.

Serverless

Starting cost per Player is 10 HUC

Moves cost =>0.01 HUCs

Disasters Can happen at random intervals in which all living things on the map will be purged.

View the in game World Live (currently showing closed beta world and oldish client) Live Map

source: http://www.coinssource.com/crypto-coins/huntercoin/ & http://cryptolife.net/huntercoin-the-coin-thats-a-game/ & http://huntercoin.org/information/features/

HunterCoin