Hi, could someone give me a quick rundown on how to solo mine this coin? I have solo mined with another coin before, but im not sure if it is different somehow. This is the communitycoin.conf I am using. Thanks in advance!
rpcuser=solo
rpcpassword=x
rpcallowip=192.168.0.2
rpcallowip=127.0.0.1
daemon=1
server=1
listen=1
rpcport=9050
There is no mining here we are Full PoS with recent mandotary update we completely removed PoW from the codes.
I don't quite understand, could you please explain a little more without abbreviations? I understand the way you are giving 1m coins to 1000 accepted applicants. I don't understand what PoS and PoW are, Thanks.
Proof of work or "PoW" is when you use mining hardware to solve blocks for the network and get to mint coins to yourself as a reward.
Proof of stake or "PoS" is when you mint coins by having them in your wallet for so many days I belive so you wont need high end gpu or asics and what not to mine them.