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README.md

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!