About Gaelcoin

When was Gaelcoin created ?
Gaelcoin development started in early 2014 to provide an alternative electronic currency for Ireland.

How is Gaelcoin different to, for example, Spaincoin or Greececoin?
First of all, we only pre-mined 1% of the Gaelcoins leaving the remaining 99% of Gaelcoins available to be mined. This gives the ownership of the Gaelcoin currency to the early adopters and the miners and not the developers. Many other currencies pre-mine 50% of the total avaiable coins which creates an enourmous risk as the the majority of the currency will remain in the hands of a few developers. Secondly, Gaelcoin is not an easy coin to mine. Compared to 99% of all the other cryptocurrencies that have been launched, Gaelcoin has a much higher mining difficulty. This is to create a more stable Crypto-currency as many “pump & dump” miners looking to make a quick buck would stay away from mining the coin.

What is pre-mining?
Pre-mining is a process of awarding the initial miners a bonus, which can then be used for further development of the currency. Gaelcoin is 1% pre-mined, which is a very small percentage compared to many of the other alternative currencies out there

The first 100.000? There are a lot more people living in Ireland...
Correct, many of the other crytocurrencies go for the 50% pre-mine approach with the promise that they will give an amount of their currency free to each citizen of the country they are mining for. However, we strongly believe that this approach will create a highly unstable currency as the majority of the currency will always stay in the hands of a select few people. It is impossible and impractical to give each and every citizen their share of the 50% pre-mined coins leaving a large number of coins unclaimed. This large amount can then be used to heavily influence the market price of the currency by the currency developers leading to market crashes or artificial inflation.

Resident of Ireland? Then please register here to receive the free 50GAC
As you know we are giving away 50 GAC to each Irish citizen so in order to receive your 50GAC please fill in the following form for early adopters:

http://www.gaelcoin.org/form.html



Gaelcoin in the news:

Interview with Gaelcoin founder on igaming.org 23/04 /2014 http://igaming.org/cryptocurrencies/news/interview-with-gaelcoin-creator-antonie-geerts/
Gaelcoin Article in the Sunday Business Post 20/04/2014 - http://i.imgur.com/sNk0mCn.jpg
Podcast interview with Gaelcoin founder for Technology Article - http://technology.ie/gaelcoin-interview-cryptocurrency-ireland-audio/
Mp3 file podcast: http://www.podtrac.com/pts/redirect.mp3/technology.ie/audio/technology.ie-2014-04-02.mp3
Gaelcoin in Video review of Crypto currencys by Revision3 - http://revision3.com/whatsthebigdeal/auroracoin/
Gaelcoin mentioned on Coindesk.com - http://www.coindesk.com/coindesk-guide-worlds-national-altcoins/
Gaelcoin mentioned on RT.com article - http://rt.com/news/auroracoins-iceland-national-cryptocurrency-257/
Gaelcoin mentioned in TheGuardian.com news site - http://www.theguardian.com/technology/2014/mar/25/bitcoin-goes-national-with-scotcoin-auroracoin


Technical Specifications:

PoW Algorithm: Scrypt
Retarget Time:  48 min
Block Time: 2 Min
Initial Block Reward: 50
Max Supply: 640 Million
Pre-Mine : 1% or 6.500.000 GAC , 5.000.000 will go towards the Early Adopters based in Ireland.

Block Explorer:

Gaelcoin Abe block explore http://block.gaelcoin.org/chain/Gaelcoin
Webcoin.us Block Explorer http://webcoin.us/gac/statistics/blockchain

Exchanges:

- Bittrex.com https://bittrex.com/Market/Index?MarketName=BTC-GAC
- Kryptokursy http://kryptokursy.pl/GAC (Polish exchange)
- Xnigma Exchange https://xnigma.com/markets/view/71
- CryptOTC http://cryptotc.us/market#GAC

Pools:

Charity mining https://gael.charityminingpools.com
Webcoin US pool http://pool.webcoin.us/gac

Listings:

[Coin DB Listing] http://vardiff.com/coin/gaelcoin/
[Price charts ] http://crypto-prices.com/GAC
[Crypto Rank] http://www.cryptocoinrank.com/Gaelcoin
[CoinMarketCap] http://coinmarketcap.com/volume.html#gac


Support:

Installation and Claim video here: https://www.youtube.com/watch?v=uZ8kAbGCJQw

In need of beginners support installing your wallet ? Please post your questions here https://bitcointalk.org/index.php?topic=537760


Translations:

https://bitcointalk.org/index.php?topic=509429.0

We are always looking for enthusiastic people to join our team. If interested just e-mail to info@gaelcoin.org