Mintcoin is a community owned and operated pure PoS coin. Send your coins to your wallet and earn high yielding interest for saving your coins while securing the Mintcoin network.
Mintcoin Specifications
- Pure PoS
- 30 seconds block target
- Difficulty retargets every block
- PoS Min/Max Age: 20/40 days
- 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)
Mintcoin: Year 1 Minting Statistics
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!