Post
Topic
Board Announcements (Altcoins)
Re: [OSC]OpenSourcecoin-- Online wallet launched @ http://coinbit.pw
by
r3wt
on 29/11/2013, 22:22:19 UTC
how many OSC have been minted so far?

almost 1 million were almost into phase two of production. starting at block 128,000 20 coins per block until block 256,000. i posted the exact calculations back on page 4 or 5 of this thread, but around 5 million coins will be produced in this time period. this period will be followed by a 144,000 block period at 25 coins per block, leaving just over 12 million coins in production at the first block halving, where the reward will drop to 12.5 coins per block. overtime, the value, steady production, and features will make this coin a winner. ask bcx he threw 3 th/s at it and couldn't even budge the block targets. like bitcoin, the stringent difficulty rules can sometimes lead to longer block times and a stranding effect, but in an electronic environment, OpenSourcecoin is proof that fast block times don't always mean less security, and give Sunny King credit for his thoughtfulness in designing Peercoin, which OSC is ultimately derived from.