Rank 448
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Avg. Price
$ 0.3076381436 USD
24hr Change
-9.52%
Mkt. Cap
$ 184.58 M
Vol. 24H
CRE 3.64 M ($ 1.12 M)
Low/High 24h
$ 0.2919628985 / $ 0.3408219958
Total Coins
$ 600 M
Last Trade
CRE 1,400.514 ( $ 430.851) / OKEX
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Description

The pow/pod mining algorithm solves among other things one major problem with Bitcoin; the direct relation between inflation, Bitcoin value and mining costs. In the absolute start-up phase, approximately the first six months, only proof-of-work mining is required. Once initially mined coins will become available for deposit, the system will gradually and automatically shift toward the combined pow/pod algorithm. The deposit system does not prevent proof-of-work mining, instead it acts as a force pushing miners towards adding deposits.