Re: [ANN] [PENG] Penguincoin ~LAUNCHED YESTERDAY~ MR PENG IS ON AN EXCHANGE!!

Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy

Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...

not block re-targert, i meant the pool confirms for blocks. The coin specs are perfect.

This CAN be changed, and pool owners do it to get more miners in there pool:

For the first 100 blocks after a block is mined, the coinbase output is unspendable. The litecoin client waits an additional 20 blocks after that so an effective 120 block holding period is in effect on newly mined litecoins. This limit is the same as in Bitcoin and due to Litecoin's faster block rate, means new coins mature in ~4 hours vs Bitcoin's 16 hours. This is a problem because in the case of a network fork, coins mined during the fork becoming spendable create transactions that can never be merged back into one chain.

quote from : https://github.com/litecoin-project/litecoin/issues/26

this is from my pools wallet:

{
   "account" : "",
   "category" : "immature",
   "amount" : xxxxxx,
   "confirmations" : 35,
   "blockhash" : "xxx",
   "blockindex" : 0,
   "txid" : "xxx",
   "time" : 1391536439
   },

notice the highlighted part