The Mintcoin team has today released a mandatory wallet update which removes proof-of-work from the coin entirely, meaning Mintcoin is now 100% proof-of-stake. The 1.7 wallet update needs to be installed before the block 220,000, and was pushed out as a means to protect against a potential security flaw that was pointed out on the BitcoinTalk forums recently. Due to ...

Multipools that switch between mining the most profitable coins are fairly common, trading these coins and paying miners the proportionate amount of Bitcoin. Just recently, a few Proof-of-Stake coin have started doing the same thing in order to offer miners a way to still mine their coin. It also means there are repeated large buys of coins that can help ...

If this is your first time hearing about Mintcoin, it’s the first coin to reward the holders of the coin large amounts of new coins simply by holding the coins they own in a wallet. This method of delivering new coins is called proof-of-stake or PoS, as opposed to the more common method of mining with proof-of-work (PoW).  Peercoin was ...