Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ALT] Point (POINT) New coin for Latinoamerica. Premined coins Airdrop
by
juantellez
on 29/03/2018, 16:52:28 UTC
Scrypt algo and ASIC resistant? Grin Grin Grin

Right, sound funny, but let's see what's happen after block 50,000 where the block reward down's to 0.5, i don't think it could be a good idea spend 1,000 watts of energy cost to mine a coin, but a 100Watt 6Mh gridseed blade or even a PC could be.

That is only true from block 50,000 - 100,000, and then reward would be 1 for blocks 100,000 - 200,000 and so on. So it will only slow down in the early stages of mining. Block times are so fast I have mined 3000 block in 12 hours.

15 seconds per block. on some minutes when diff is readjusted maeby you could see even 8 or more blocks but after that maeby only one in a minute. The reward is incremental and as more time pass more coins weill be for reward and usually as on any other coin everyday is more people mining.

By the block 1,000,000 the reward will be 10 coins, at block 10,000,000 100 coins, and so on, that will let the coin price low. Low coin price, low tx fees and no need to use a lot of decimal places on microtransactions (like 0.0000589 to buy a soda)