Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random hashing function.
- 247 million FairQuarks will be mined in ~ 12 months, after that ~ 1 million FRQ annually
- Block average time: 60 seconds
- Difficulty retarget time: 1 hour (max. 10% up or 50% down)
- Block reward: 2048 at first, halving every 42 days approx
- Network port: 8008
- RPC port: 9008
QRK specs
https://bitcointalk.org/index.php?topic=260031.0 :
* Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random hashing function.
* CPU mining
* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty retargets every 20 blocks (maximum 10% up or 50% down)
If you feel Quarkcoin, which had a totally fair start without any premining, was an unfair instamine, why did you chose to only double the block halving time? Also WTF @ premine.