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PMC

PremineCoin

Algorithm:

What is PremineCoin?

Mining only for TX fees, 0 incentive to hit the network with mass hashes.
(caveats: stales! lots of stales and rejects. Because the difficulty doesn’t change much, the fastest rig, with the lowest latency wins 99% of the time. On the other hand, having the fastest rig is also a waste of good hashes…. hmmm conundrum…)

Because the coin is 100% pre-mined, we will be giving it away to people who want some. This is an experiment, so the more coins in actual circulation the better. Pass them along to whomever you wish.

ONLY 500,000 PMC will ever exist. If you chose to mine, you will be mining for TX fees only. If you don’t like it, don’t play – It’s really simple!

Release date: January 23rd, 2014

Specifications

  • Distribution: PoW
  • Algorithm: SHA256
  • Total coins: 500,000
  • Premined: 100%
  • Block Reward: TX Fees Only
  • Block Time: Variable
  • Trade Confirms: 6 blocks
  • P2P Port: 9336
  • RPC Port: 9335
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