NOTICE
There have been complications with the difficulty adjustment. They've resulted in many blocks being mined too soon. To make things more fair, we have decided to send 50,000 SINE (10.4% of the premine) to an address that nobody can access. Thank you for bearing with us. The transaction details are below:
Sinecoin Eater Address: SineEater1SineEaterAddressDonEoi8L
Transaction ID: a0aa681f6bccbbe45bd33749a799441c1c3a06104b908bfa42ef9609ea03a8a1
END OF NOTICE
In other words an INSTAMINE.
But your ANN States:
Instamine PreventionTo prevent instamining, in which miners can quickly mine a lot of coins, the block reward is set at 20 SINE for the first 24 blocks. This equates to 2 hours.
Too funny
Keep mining this coin fellas. It's going to da Moon!
Specifications
Mining algorithm: Scrypt Adaptive-N
Block spacing: 5 minutes
Total coins: ~60 million (59,883,150)
0.8% premine ------ we have decided to send 50,000 SINE (10.4% of the premine) to an address that nobody can access Block halving: Only the base reward halves, every 3 years
Block reward varies along sine a sine wave (read below)