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Posts Tagged ‘PotCoin pool

PotCoin (POT) Scrypt-based alternative cryptocoin

PotCoin (POT) was designed to empower, secure and facilitate the legal cannabis community’s transactions by creating a unique crypto currency for this thriving industry. PotCoin removes the need for cash transactions and encourages buying through consumer incentives. On every level of the cannabis industry, users and supporters can entrust PotCoin to extend credibility, stability and security to this growing market. The PotCoin mission is to economize the cannabis industry. PotCoin as a digital currency is an alternative payment network for cannabis users, merchants and industry professionals. The PotCoin network allows cannabis enthusiasts to interact, transact, communicate and grow together.

Coin Specifications

  • PoW algorithm: Scrypt, NOW POSv
  • Total amount of coins: 420 million POT
  • Coins Per Block: 420
  • Block Target: 40 seconds
  • Retarget: 107 blocks

Source Code:
– at GitHub

Ports:
– RPC Port: 8772
– P2P Port: 4200

Mining Pools:
No more PoW pools available, the coins is now PoS only.

  • Published in: Crypto Coins
  • Related tags: PoS, POS coin, POT, POT exchanges, POT info, POT mining, POT pools, POT trading, PotCoin, PotCoin exchange, PotCoin info, PotCoin mining, PotCoin pool, PotCoin trading, Proof of Stake, scrypt, scrypt coin, scrypt crypto, scrypt mining
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Copyright ©2014-2020 – Crypto Mining Blog – It Is All About BTC, LTC, ETH, ZEC mining as well as other alternative crypto currencies.

This is a blog for crypto currency miners and crypto coin users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many other altcoins out there.
If you find something helpful or useful crypto information you can support us by donating Bitcoin (BTC) to the following address: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1
ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 – LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ – ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi

Crypto Mining Blog It Is All About BTC, LTC, ETH, ZEC mining as well as other alternative crypto currencies Search Home Contact us Categories Cloud Mining

PotCoin mining

PoW = Proof of Work

Proof-of-Work (PoW)

The proof-of-work system/protocol which is used by PotCoin, was first used in the mid-1990’s for fighting spam emails. The idea never found a truly useful cause until 2009 when bitcoin was created. Bitcoin itself utilizes this protocol in its transaction blockchain and thanks to this we can witness the growth in bitcoin mining.

The base idea of this lies in a challenge and proof (or response). The challenge is a transaction, which is a specific cryptographic puzzle. The proof is that a miners computer cracks the puzzle, so the transaction goes through. And that is proof of the miners’ work and him providing his hardware for the validation of transactions. The more hash power a miner can provide for validating transactions, the bigger his PotCoin reward for the service is.

You can mine PotCoin in these ways: Specialized hardware, cloud mining, pool mining. All of them have their pros and cons. Check them and become a PotCoin digger ASAP.