Wednesday, October 30, 2013

Extremecoin.org » The two month block reward Crypto

Reposting for http://extremecoin.org/:

Hi all,
Boring stuff out of the way first.
Scrypt Algorithm
200 coins until block 17280, which is only 3456000 coins minted and then 1 coin per block there after.
2 Minute blocks
Difficulty adjustment every 1 block.
extremecoin.conf
rpcuser=user
rpcpassword=pass
rpcport=26666
server=1
addnode=212.48.67.126
Now the different part.
There is only going to be 5 Million coins in total for the block reward, after that as we know, miners just get the transactions fees.
This means that roughly around the two month mark from this release post (60 days) the block reward will be 1 + transaction fee’s.
I am not worried about people stopping mining this coin after the reward is gone, as I have got myself another rig that will be dedicated to just mining this coin and keep it going.
This will mean that they will be only 5 Million coins spread around to trade or use for purchase but always remember the decimal and that it can be broken down, new users tend to like to have whole coins and forget this sometimes.
All the links you need are top right of this website.
Thanks for your support and interest in Extremecoin.

No comments :