
After seeing Quarks superior potential ruined with 98+% premine,
We decided to make a better, more fair alternative!
FairQuark - FRQ
Main Specs
- Planned for more long term than original Quark
- No special hardware needed, start mining with your CPU now!
- Highly skilled & motivated Finnish development team
- Fast & secure transactions, suitable for micropayments also!
- 4% fair pre-mine, explained on this topic
4% Fair Pre-Mine - funds are given as bounties and giveaways to help FairQuark community
We know nobody likes pre-mined coins. Why do we still have a pre-mine of 4%?
We know that by pre-mining FairQuark it's easier for us to promote it and therefore push the adoption of FRQ and help the community.
Pre-mining is not salary for developer team. It is used purely to promote FairQuark, get more interested people onboard and for some server payments for first months. You can track usage of pre-mined coins from this link http://finder.fairquark.com/address/qLSALnUEFuBR5tjFudfHJx9SR3qAcfR2oY
Pre-mining has been accomplished by mining normal blocks instead of including premined coins in the first block.
Bounties:
- Giveaways (forum & our irc channel #fairquark @ freenode)
- Atleast 1st/2nd exchange
- Atleast 1st/2nd mining pool (one p2pool and one MPOS or such)
- Services
- Shops
Tech Specs
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
Pools
- mine.fairquark.com:8372
- p2pool.fairquark.com:8372
Links
Download FairQuark
Looking for people who are interested in moderating it.
I don't know if there is a bounty set up but here's my address just in case: qatdgRdYbJeacbeybSBTRP2hdR5MYRUPST