What is Noirbits?
Noirbits is crypto-currency community managed and developed. Centralized management has caused the downfall of too many coins.
The 2 minute block time aims to improve on LTC’s time but not so drastic as to cause a permanent orphan problem.
Expected run time is dependent on adoption.
The cap is based of the idea that all coins are still development ideas, in ten years hopefully dev on this coin would have reached it’s peak.
The 30 confirms are a response to the 4~10 confirmation coins released of late which encourage orphans and reduce security of the currency.
There will be no premine.
All bounties will be from the community.
In the works
– First solid attempt at Merged Mining Scrypt ( This will only work with coins developed by the devs using current code and POW scheme)
– Noirbank, an experiment to see if cryptos can truly be applied in real world use.
- 2 minute block time
- 30 to block confirm
- 20 coins per block
- 50 million total coins
- expected run time ~ 9 years
- 6 confirms tx
- Hourly retarget
|Network hashrate||5488479 H/s|
|Adjusted ratio||150.456855749 % BTC|
|Avgerage Profit||297.82866998520535 % BTC|
|Avgerage Hash||5488479.0000 H/s|