It seems that the new craze is to make crypto coins named after birds, after Ravencoin comes Pigeoncoin and that is not a coincidence. PGN and its new X16S mining algorithm were in fact inspired by RVN and the X16r algorithm that it has introduced. The new X16S (shuffle) algorithm maintains the randomness of X16r while providing consistency for hashrate and power usage, so it can be considered as a kind of improvement especially for miners. Pigeoncoin (PGN) is just a few days old was initially only CPU mineable, but quickly the Nvidia GPU miners for Ravencoin (RVN) were ported to support the new algorithm, so it is now mineable on Nvidia GPUS as well. The main specs of the coin are: 1 minute block time, 5000 PGN reward, 21 Billion coins max cap, 2016 blocks retarget, 16 shuffled algorithms (X16S shuffle). You are welcome to check it out and mine some, especially if you have some Nvidia-based GPU mining rigs, though we are still yet to see what will be the plans for the future of this new coin as there is still not much info about that available, again similar to the situation with RVN.
If you want to give it a try mining Pigeoncoin (PGN) you can do so already on the pign.suprnova.cc mining pool along with a few other pools already available and try one of the forks of ccMiner with support for the X16S algorithm. Like the latest supminer version 1.2 from Suprnova that adds support for X16S and also supports X16r, or alternatively the Nevermore-x16s v0.1-alpha (both of these open source) and there is also a new version of the x16s Pigeoncoin Enemy miner 1.03 (a closed source binary only release). For the moment there is still no AMD GPU miner available, but one will probably follow shortly based on the X16r fork in order to also support the X16S algorithm. If you are interested in an exchange supporting trading of Pigeoncoin (PGN), well, there isn’t one available yet, but the coin is still just a few days old, so you will have to wait a bit more for that.
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