Powercoin - the power of world people's coin!

We're glad to announce that a new altcoin Powercoin is now released on GitHub (https://github.com/powercoin-power/powercoin-binary)! Currently we have Windows wallet (binary executable) available in this very first release. Hope you will like it and join us to mine powercoins!!

It is a coin that puts the power in your wallet! No banks to get in the way, your POWER is yours to use as you see fit! The goal is to be a stable cryptocurrency that is worth your time and your hashrate. We aim to create a diverse community that uses POW to buy merchandise, gamble, rent out services, and keep as an asset that is easily transferable to fiat currencies!

The power is in your wallet!

http://powercoin-power.github.io
http://www.reddit.com/r/Powercoin_POWER
https://github.com/powercoin-power/powercoin/blob/master/COPYING
It's public, no body has the ownership of Powercoin (POWER) at https://github.com/powercoin-power/powercoin

https://raw.github.com/powercoin-power/powercoin/master/src/qt/res/icons/Powercoin-128.png

At this early stage, ~~it's very easy to mine powercoins on your CPU! So just don't hesitate, just download it and get your own powercoin today.~~ (Now some pools are joining to the mining process, hashrate and difficulty are increasing rapidly, and it's not possible to mine on CPU at the moment)

Here is the summary information about the powercoin:

The symbol: ⚡ (POWER)
based on teslacoin, using scrypt algorithm
hybrid Proof of Stake / Proof of work
estimated total supply: ~~21000000 power~~ 110641653.195917 POWER (in 50 years)
61.3 reward in each mined block
4 times special hourly reward (mining for over a hour)
8 times special daily reward (mining for over a day)
4 minutes blocks
reduced every 2.5 years
zero premine - the developer was only started CPU mining ~~today~~ on the day when it's released

To start a new node, you will need to create a powercoin.conf, and setup the value of rpcuser and rpcpassword. The best way to assign a rpcpassword is to run powercoind from a command prompt (terminal), and it will generate a random rpcpassword for you when first run it, you can then copy that to powercoin.conf. An example simplest powercoin.conf should look like this:

rpcuser=bitcoinrpc
rpcpassword=12guwA4eu2aKENgFMaeVzpofdOUPpwqWCRzbaUh5FiG873

We need the community support to do the continual development of powercoin. Please let us know if you want to add your node as a default node for the network, and please tell us about the IP of your node through the GitHub issue tracking system:

Report your node IP: https://github.com/powercoin-power/powercoin-binary/issues/new?title=Join+New+Node
And please report any other issues here: https://github.com/powercoin-power/powercoin/issues/new

As a developer, I was starting CPU mining ~~almost~~ the same time as others on the day it was released, and each mined block is rewarded 61.3, plus a special hourly/daily reward.

We still need charity to support the development, please donate if you want to support:

* BTC: 1Fk8bqH9RGwXx9nDPX1BBLaDKBWH13JCKb
* POWER: 5Yrqo39Y5uLJCaeh9zXoDscTqykaySiVXQ

To avoid duplication from the "powercoin (POW)", we decided to changed the symbol into POWER, all miners please update the wallet from the GitHub! All pools please change the symbol from POW into POWER to avoid confusion. It's not "powercoin (PWC)" either.

POWER to da moon!

powercoin.pow

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