Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, energy saving coin with a fast distribution *block explorer
by
sakkosekk
on 09/02/2014, 09:34:18 UTC
Read through the OP, this coin has a great concept!

what happens after 5 weeks. All miners will leave, no one is going fight for 1 mint. How is this supposed to work?

Google for Proof-of-Stake Algorithm. After 5 weeks new coins are generated as a form of interest, no need for miners. The network will be secured even without miners. When holding a certain amount of coins for a certain amount of time in your wallet, new blocks will be generated automatically from it.

the question is who will process SEND transactions.

The miners will process those via PoS. Generating coins is just the incentive to mine, be it PoW or PoS