How low is the initial block rewarD?
350 Blocks will be reduced rewards, 64 blocks have been mined for checkpoints and block maturity (the block maturity was initially 60).. during this process, the rewards were reduced to minimum payout.
The reward will be (1) Greececoin per block until it reaches 351 blocks and then it will go back to its original standing of 32 coins per block.
This process will stop whales from swarming all of the coins within the first 20minutes or less depending on the net hash rate, this will also provide efficient time for pool operators and miners to setup and not miss out.
Solo mining will still be profitable, it will take minutes to fly past 350 blocks & then you can be rewarded with the original reward of 32.
Not long until launch, the amount of interest this coin has gotten within the last 24hours is insane! Great support, keep it up people!
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