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AuthorPosts
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Testing Crypto<body bgcolor=”#6B8E23″>
<h1 align=”center”><b>BitCoinTalk ANN (OP) Recreation</b></h3>
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<h3 align=”center”><b>Desktop 1.16 Release + Android 1.05 Releases</b></h3><table align=”center”><td><tr>
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<h3 align=”center”><b>MINT Exchanges & Trading Platforms</b></h3>
Testing CryptoWell that didn’t work, will keep working on it.
Testing Crypto<div data-role=”page” style=”background:url(https://www.mintcoinofficial.com/files/forums/topic/%26%238216%3bhttp%3a//www.mintcoinofficial.com/wp-content/uploads/2015/02/mintymoon.jpg%e2%80%99); background-repeat: no-repeat; background-size: 100% 100%;” >
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<h1 align=”center”><b>BitCoinTalk ANN (OP) Recreation</b></h3></div><table align=”center”><td><tr>
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<h3 align=”center”><b>MintCoin Official Website</b></h3></div><table align=”center”><td><tr>
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<h3 align=”center”><b>Desktop 1.16 Release + Android 1.05 Releases</b></h3></div><table align=”center”><td><tr>
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<h3 align=”center”><b>MINT Exchanges & Trading Platforms</b></h3></div></tr>
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<h3 align=”center”><b>Community Block Explorers</b></h3></div><div style=”background-color:#008000″>
<h2 align=”center”><b>Mintcoin Specifications</b></h2></div>
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<h3 align=”center”><b>- – Pure PoS
- – 30 seconds block target
- – Difficulty retargets every block
- – PoS variable interests:
- – 1st year: 20%
- – 2nd year: 15%
- – 3rd year: 10%
- – 4th and subsequent years: 5%
- – 4 confirmations for transaction, thus fast 2 mins confirmation for transactions
- – 50 confirmations for minted blocks
- – Ports: 12788 (connection) and 12789 (RPC)
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<h2 align=”center”><b>Mintcoin: Year 1 Minting Statistics</b></h2></div>
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<h3 align=”center”><b>- The following stats are based on the most current information as of March 9, 2015:
- ~Total coins in existence currently 20.79 billion
- ~Total coins minted in the last year (365 days) 2.18 billion
- ~Current minting block reward rate is 15% annually
- ~210,881,430 coins have been minted in the last 31 days
- ~This is an average of 6,802,627 new coins per day being minted currently
- ~This means that the minting participation rate is currently at 80.43%
- ~This would result in an annual increase in the money supply of 12.06% currently
- ~Based on last year, we know the timing until the reward reduction was about 287 days, (not a full year)
- ~Based on this, we have about 7 more months until next block reduction – rate change to 10% annually (October 9th estimate)
- ~This means we are currently now 27% complete with the 15% annual rate reward phase, which started around December 21, 2014
- ~After October 9th, 2015: Assuming a similar minting participation rate, this will drop the increase in the money supply to an annual rate of about 8%
- ~This will be a decrease of 33.33%
- ~And in approximately 16 and a half months, (July 2016 estimate) we will see the rate change to 5% annually
- ~After July 2016: Assuming a similar minting participation rate, this will drop the increase in the money supply to annual rate of about 4%
- ~This will be a decrease of 50.00%
- ~Keep in mind, minters also get an additional transaction fees bonus!
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Testing CryptoReally need a “Preview” button added to the bbp-submit-wrapper…
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AuthorPosts
Viewing 4 posts – 1 through 4 (of 4 total)
Viewing 4 posts – 1 through 4 (of 4 total)