Mincoin

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Coin Information

Algorithm Scrypt
Proof Type PoW
Start Date 03/04/2013
Website MinCoin
Difficulty Adjustment 1 block
Block Reward Reduction No

Source : Cryptocompare.com

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About Mincoin

Mincoin (MNC) is another peer-to-peer cryptocoin that uses scrypt as proof-of-work algorithm. Short for ?Minimalist Coin,? Mincoin is based on Litecoin but boasts of much better features that make it different from other cryptocurrencies available at present. Also known as the one-minute coin, Mincoin (MNC) aims to become the next big alternative currency in the market.

By acquiring a Mincoin Wallet, you can buy, sell, and store coins for whichever purpose you want. Available for easy download and installation, the Mincoin wallet is designed to perfectly provide seamless transactions, whether you?re using a Windows or Mac computer. But should you feel that your wallet needs extra coins, then don?t forget to find a Mincoin Faucet online, where you can collect free coins.

Mincoin Mining

Mincoin (MNC) has a low cap with only 10 million coins to be ever produced, which is far fewer than the number of coins Bitcoin and Litecoin will ever have. What?s interesting with this cryptographic currency is the fact that it only has a minute before a new block is generated; the one-minute block time makes super-fast transactions possible. But despite the quick interval or block time, the reward for successfully mining it costs two coins only. In this way, the creation of new coins is still moderated.

However, it should be noted that the block reward was initially priced at 500 coins for the first three days of its launch. Succeeding days saw the price of two coins per block until everything is mined for roughly 10 years, generating a rate of 2,880 coins per day.

With this model, though, expect to have high level of difficulty fluctuation as the Mincoin Difficulty is currently bordering on two. This means that Mincoin mining may reward you with coins inconsistently for some time. Regardless, you can always join your preferred Mincoin Mining pool; just take note of the pool fees and number of confirmations required.

Additionally, it would be advisable to check first your estimated expected earnings so that you can have an idea on how you will plan your mining schedule. Use a Mincoin Calculator online to measure the amount of coins you can collect in a day, a week, a month, and a year.

Mincoin Exchange

Mincoin (MNC) is enjoying a stable exchange rate in the market. Traded in various exchanges like Cryptsy, mcxNOW, Coins-E, and CoinEX, this peer-to-peer cryptocurrency is priced well above the other altcoins. The Mincoin Price/Value is competitive enough that traders won?t be subject to extreme fluctuations over time. Moreover, the Minion Exchange Volume is currently above 17,222.

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