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RE: ANTSHARES/ANTCOIN and Why it's the FUTURE! Next DASH? Next ETHEREUM?
I am waiting for an article talking about solo antcoin mining if there is. I think this coin is promising.
I am waiting for an article talking about solo antcoin mining if there is. I think this coin is promising.
Well Antcoin is created when you hold Antshares in your wallet. Issuance of AntCoins
AntCoins are generated with every new block. The initial amount of ANC is zero while it will grow to 100 million after 22 years. The generation gap of every other block is 15 seconds, so it takes 1 year for 2 million blocks to generate.
In the first year (Block No. 0-No. 2,000,000), 8 ANC will be generated by every new block. In the second year (Block No. 2,000,000-No. 4,000,000), 7 ANC will be generated by every new block. With this pace of decrease (-1 ANC per year), in the 8th year, only 1 ANC will be generated by every new block. This 1-block-1-ANC pace will continue since then, till the 44,000,000th block in the 22nd year, fulfilling the 100 million total sum of ANC. ANC shall cease to be generated after that.
With this pace, 16% of the ANC will be created in the 1st year, 52% through the 4th year while 80% through the 12th year.
ANC will be written into the corresponding ANS addresses proportionally. ANS holders could claim these ANC to their ANS address anytime they wish to. For example, a shareholder who has 1% of all the ANS could acquire 8*0.01=0.08 ANC in every block of the 1st year, meaning 460.8 ANC everyday.