Project: Altcoin Rescue Package Buyout


Its a sad fact that Altcoins have emulated Bitcoins mining system to generate, distribute and confirm crypto currency throughout the community and the Internet. This system which is used by all crypto currency has "caution" stamped all over it, since the simple fact of sending and receiving coins is flawed by the need to setup mining pools and mine coins. Disable mining for any crypto currency (apart from Rimbit) and you will kill a coin, quicker that you can say "The coin is dead"

So why do some coins die?

When coins first come alive, they are usually mined within a small circle, many times via a LAN and then begin to make its way out to the public. Websites are built to promote that particular coin and efforts are made to engage new users. Mining pools are setup for the purpose of mining and all seems great as the community begins the buzz over the new coin.

Then as time goes on, some people begin dropping out, as some find newer coins to mine, while others just cannot justify the time and expenses of paying excessive electricity bills that their mining equipment needs. So as more and more people drop out, the coins network slows down till it gets to a point that it can no longer confirm transactions and is then dead.

So why Rimbit?

Rimbit is the worlds only miner-less coin, meaning that once you decide to participate in Rimbit, the only thing that is required to generate new coins, send and receive coins and confirm transactions is by the network having a wallet running somewhere on the planet. This simple process means that Rimbit is not subject to the powers of mining, special hardware or even community mining pools. Rimbit cannot die, not matter how hard you try and destroy it.

Why does Rimbit offer an Exchange for my dead and useless altcoin?

Rimbit recognizes the user of a dead coin and not the dead coin itself. We know that you at some stage had faith in the Altcoin of your choosing and we hope that by exchanging your dead coin for Rimbit, your faith will also move over to Rimbit.

Once an exchange is made, we destroy the "other" altcoin, simply as it has no use to anyone and is best relegated back to nothingness as holding it is a burden.

The exchange rate is decided upon by a forum of Rimbit users who have adopted Rimbit as their first coin and they are the ones that decide on the exchange rate.
You can now exchange your dead or dying coins for Rimbit at


Tags: Bitcoin,, Altcoins,, Rimbit