This is the first ALTERNATIVE ENERGY COIN !Our wind farms produce energy for people and for the mini mining farm® that produce crypto currencies the production of digital currencies is destined to increase in the coming years and we are the solution to keep our ecosystem healthy. This coin can be mined from your pc!
www.meincoin.ioWhat is MeinCoin:
Meincoin is a decentralized cryptocurrency from Austria which has a open source code that allows everyone to take part in the Meincoin network development.
How does Meincoin Mining happen:
Meincoin uses Scrypt Algorithm to mine new blocks and process the existing transactions on the blockchain.
Meincoin is based on Scrypt algorithm which is ASICS miner’s resistant so it cannot be mined by professional Mining machines like Antminers etc. It’s good news because since it is ASICS resistant, so it
can be mined with home GPU’s.
To mine Meincoin its highly recommended to have a powerful PC with good graphics card (GPU) to process the complex mining algorithms and confirm blocks for transactions.
The reason to have a faster GPU is because the with more powerful computers, you can validate a transaction much faster than other miners in return will earn more Meincoins in reward
MeinCoin Technical Specification:
Name: Meincoin (mcg)
Algorithm: Scrypt
Coin Algorithm: Pure POW
Max Coin Supply: 100,000,000
Block Reward: 50 (reduced to 25 after initial 800,000 blocks are mined) Amount of blocks to be mined before halving of block reward: 800,000 Pre-mined coins: 20% (20,000,000)
No of confirmations: 6
Number of blocks before a mined block can be spend: 20
Transaction processing time: 180 seconds
Wallets: Windows and Linux wallets developed, MacOS (coming soon)
Mining: Through Wallet for now, Generic CPU miner and Pool mining will be implemented in phase 2.
Meincoin Transaction:
Unlike fiat money transfers, where your money is processed through a centralized third party, the transactions between Meincoin users are carried out over the Internet by its miners which makes the transactions much more reliable.
Safety and Reliability:
All the transactions in Meincoin network require at least 6 confirmation so they are completely secure as its not possible to hack 6 random miners at the same time, this is the same confirmation level as its in bitcoin and Litecoin.
Meincoin is a deflationary currency:
Meincoin will gradually become more expensive over time, since the emission is limited to 10M mcg. The number of Meincoin emitted every 180 seconds is slightly decreased due to difficultly increase. As a result, mcg gains value as its becomes more popular so it’s a good investment opportunity as well. All transactions are carried out every 180 seconds
