What is Extremecoin ?
There is only going to be 5 Million Extremecoins 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.
Now for the honest part, to test the main net and check that the difficulty retarget is correct I mined 150 blocks, I wanted to see two difficulty adjustments to be sure.
All of this premine Extremecoins will be given out as bounties.Release date: August 17th, 2013
- 200 coins until block 17280 and then 1 coin per block there after.
- The 1 coin has been added as transaction fee's alone will not be enough at this point.
- 2 Minute blocks
- Difficulty adjustment every 2 blocks
|Network hashrate||9578482 H/s|
|Adjusted ratio||671.851402999 % BTC|
|Avgerage Profit||669.9669236724587 % BTC|
|Avgerage Hash||9578482.0000 H/s|