BitCoinTalk ANN (OP) recreation {Part #1 Rough Draft}

<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%;” >

<div style=”background-color:#008000″>
<h1 align=”center”><b>BitCoinTalk ANN (OP) Recreation</b></h3></div>

<table align=”center”><td><tr>
</tr></td><td>
<div style=”background-color:#008000″>
<h3 align=”center”><b>MintCoin Official Website</b></h3></div>

</td></tr></table>

<table align=”center”><td><tr>
</tr></td><td>
<div style=”background-color:#008000″>
<h3 align=”center”><b>Desktop 1.16 Release + Android 1.05 Releases</b></h3></div>

</td></tr></table>

<table align=”center”><td><tr>
</tr></td><td>
<div style=”background-color:#008000″>
<h3 align=”center”><b>MINT Exchanges & Trading Platforms</b></h3></div>

</tr>
<td>

</tr>
</td></tr></table>

<table align=”center”><td><tr>
</tr></td><td>
<div style=”background-color:#008000″>
<h3 align=”center”><b>Community Block Explorers</b></h3></div>

</td></tr></table>

<div style=”background-color:#008000″>
<h2 align=”center”><b>Mintcoin Specifications</b></h2></div>
<div style=”background-color:#ff”>
<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)

</b></h3></div>

<div style=”background-color:#008000″>
<h2 align=”center”><b>Mintcoin: Year 1 Minting Statistics</b></h2></div>
<div style=”background-color:#ff”>
<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!

</b></h3></div>