AmericanCoin

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Coin Information

AlgorithmScrypt
Proof TypePoW
Start Date29/05/2013
Block Reward Reduction0

Source : Cryptocompare.com

About AmericanCoin

American Coin (AMC) is based on Litecoin and is recognized as the most “patriotic” crypto-currency ever. It has a block reward of 100 coins and will produce a total of 168 million coins; this makes it twice the number of Litecoin. American Coin (AMC) uses scrypt as a proof of work scheme and has been optimized to target regular computers and GPUs most people already have.

American Coin Mining and Pooled Mining

American Coin mining is said to be much easier than Bitcoin mining, as it provides a memory hard scrypt-based mining system which can be mined with regular CPU and GPU. Of course you will still need to download the client program and install it in your computer. Once you have installed the software, fire it up and start mining. Remember that when you opt to mine AMC, you should have an American Coin wallet in order to receive payments.

American Coins are emitted with 100 AMC for the person that found a correct solution of some block. Given this, there is a really tough competition for gaining the emission payment. If you are mining your coins independently, it may consume a lot of time before you can earn your 100 AMC. American Coin mining pool allows you to cooperate with other users and aggregate computational resources. Participating in the mining pool gives you an opportunity to accumulate coins gradually, but regularly.

Difficulty

Just like Bitcoin mining, the difficulty in solving every block of AMC keeps increasing with the amount of solved blocks. This is why it is imperative to know the current American Coin difficulty rate as this will give you a better chance to mine more blocks successfully. If you are determined to mine coins and have access to powerful computer hardware, then you can get your fair share of free coins too.

Mining Calculator

Whether you are into pooled or solo mining, it is a must to check your mining profitability. This can be done by using the American Coin calculator. Simply key in the difficulty rate, coins per block, hash rate, and conversion rate and the result will be automatically calculated. The mining calculator will then show the average time to mine a block and the potential amount of profits per day.

Earn AMC the Easy Way

If you want to earn AMC coins but don’t want to mine, then American Coin faucet is the thing for you. There are numerous sites that offer AMC coins for free, and you can sure take advantage of these free coins anytime.

Exchange

Aside from mining and coin faucets, you can get your supply of American Coins by buying it from various trading markets. Here you can quickly and securely trade coins with other people around the world. These American Coin exchange markets are always on; hence, you can always buy and sell coins at any time, wherever you are around the globe.

Keep in mind, the American Coin price/value depends upon the current exchange rate and fluctuates every time. When trading, always refer to the current exchange rate, the number of confirmations required and transaction fees to ensure a smooth and hassle-free trading experience.

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