Post
Topic
Board Altcoin Discussion
Re: How to switch from PoW to PoS? Do I need this?
by
Nakaba
on 27/03/2018, 12:52:26 UTC
I'm cloning new altcoin. Everything goes nice.
I already have a working wallet and even premine some coins.
But I stumbled in one problem.

Let's say I want to have 125 million coins at all. 100 million is premine and 25 million for staking.
So on start, I premine 100 million using regular PoW. And then I have to turn off PoW and left only PoS?
Because if I left PoW, than everybody will be able to mine new coins easily like me on start. I can't change mining difficulty later because difficulty is built in genesis block.
And if I set big difficulty from the start that my premining will take a years.

So how should it work?
No one will help you because your purpose is so clear. Creating crytocurrency is not only about making money but also added value in the community. Helping you is like helping you get rich and rekt many investors. If you can't figure it alone it means you don't deserve it.