So, you are thinking about finally mining crypto currency or even investing, but which one to choose? Have you thought about if the project is brining something new to the table? This is very important and sets certain away from the dreaded crap altcoin tier. These are a set of coins that are forks off the main coins I.E. Bitcoin or Etherium. The crap altcoin is basically someone copying the code and continuing with a new project to generate a large amount of coins in hope it’s worth a few cents and sell.
That is not something you want to invest in or even really pay attention to. Yet we are seeing an ever-growing increase of these, but there are few that stand out from the rest and are pushing forward to make some great things. One of these coins, and the focus of this article is PIRL.
PIRL is a Etherium clone, but has a few tricks up its sleeve to really set it apart. Not only has it maintained a high profitability to mine while bitcoin fell, the dev key is constantly rolling out updates such as master nodes. Currently the master node system is in beta and costs 20,000 PIRL as the down payment; yet future will include a content master node for 10,000 PIRL. These master nodes basically perform as servers in the decentralized currency world.
One of the big draw backs at this current time is only requiring 20 GB of space set aside to run a masternode. The issue behind is that PIRL is hunting to get a large business application to jump behind the coin and buy a few masternodes. Currently there are 161 masternodes running which only allows for around 2 TB of data space.
The issue is that a big business application will quickly fill that space once implemented. The thing is that data is cheap and increases storage size should be of no issue. While many miners who are hosting these, may have multiple masternodes on their system, or running off a small SSD. It’s not out of the question to request higher storage space, with the relative cost of cold purchasing enough PIRL to get a masternode.
All this does not mean bad news! The reward system is in full swing, and the dev team is standing by to fix any issue that comes up with them as they are still in beta and quickly heading for an early release.
PIRL is also about to get easier to purchase, only being listed on two exchanges has been a major hinderance to its progress. They have recently pulled funds together to get PIRL listed on HitBTC which will allow a new range of people to jump in and start trading without having to leave the bad taste in their mouth that cryptopia often does.
What does all this mean for PIRL’s future? With promises of having the community play a huge role in development that has not gone unnoticed they are driving the coins future. PIRL offers its own wallet, miner, and masternode system and with seeking a major application to be hosted in the masternodes its clear to see PIRL is charging into 2018 swinging.
