Quote from: Bansheroom on September 21, 2014, 07:16:44 AM

Quote from: halibit on September 21, 2014, 02:10:32 AM

microCoin version 2.0 update

After one month there will be around 30850000000 old microCoins.
This coins can change to new microCoins with price 1 MRC = 1 New MRC.
After all 30850000000 coins are sold, old microCoin network is not valid anymore.
So we have about one month time to change old microCoins.

New microCoin network:
First 100 blocks 3085000 MRC. (For exchange old microCoins)
5000 PoW blocks with stable 1000MRC/block reward.

microCoin Stake:
10% annual stake. (blocks <= 90000)
after that, 0.1% annual stake forever. (blocks > 90000)

Algo: X13
Block time: 1 minute
Stake min time: 24hours
Stake max time: 30 days
Coin mature time: 50 blocks

New wallet will be ready tomorrow.

Please note. Before you update new wallet, send all your old network microCoins in you alcurEX exchange wallet.
After you install new wallet, you are not available use old microCoin wallet anymore in same computer.
(Because it will use same roaming folder)

How to update wallet:
1. Send all your old microCoins in your alcurEX account
2. close your old microCoin wallet
3. Delete or rename your microCoin roaming folder manually,
(or run rename_old_wallet.bat file. It will rename your microcoin folder to microcoin_old).

New microCoin is named microCoin2 (MRC2) on the alcurEX as long as we change micros.
Anyway, official name is still microCoin (MRC) and will be change as soon as old microCoin is delisted.

Looks fine, i dont understand the 3,5 days pow-phase that generates only 5 Million coins, but no big deal anyway.
Looking forward to get rid of this old monster wallet :-).

Edit: Thank you for taking number of total coins down, we have at least a chance now to get the price up again.
I bet also there will not be more than 25/31 billion coins exchanged.

All 30850000000 will be exchanged. There is ~1 month time period to change old microCoins. If some one miss it.
Anyone can mine old microCoins more and change it on MRC/MRC2 market as far as there is coins left.
3,5 days pow period is made only to get PoS start. Few hundreds blocks is enaf, but I think if some one start miner for that, can mining few days.