Ghostcoin is just over a month old now. It’s a proof-of-stake coin (PoS) that’s particularly interesting due to the idea of increasing reward amounts over the first six years. The initial 20% of a total 750 million Ghostcoin (GHC) are to be distributed by proof-of-work mining during the first three months. After that, proof-of-stake takes over, with an initial 20% ...
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Review: HashCows’ Mintcoin paying multipool
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 ...
Read More »Does Mintcoin need a change to encourage spending?
A recurring discussion within the Mintcoin community recently has been whether or not the 20 day minting period could be hurting the coin by discouraging spending. The reason this is coming up is that to receive your ‘Proof of Stake’ rewards you are required to hold your coins for 20 days, spending some will reset the timer. Meaning people have ...
Read More »Mintcoin: How to maximize the interest earned on your coins
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 ...
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