The amount of coins is limited to 3.36 million. A new block will be generated every minute, which will give you 8 coins as an incentive throughout the first weeks after the start of BeaverCoin. No coins are premined. The difficulty for generating a block will be recalculated every amount of coins your receive per block will be reduced by 50% every year.
For the time being BeaverCoin is running on a beta test mode in order to test the technical stability and build up a proper infrastructure to ensure both functional and technical safety. As soon as the mining-pools, online-wallets and market places are fully set up, the test stage will end and BeaverCoin will be fully launched.
This is what makes BeaverCoin special:
- Algorithm: scrypt
- Maximum amount of coins: ~3.36 million
- Time per block: 1 minute
- Coins per block: 8 coins
- Halving: every 210,000 blocks
- Difficulty: changes every 24 hours
- 0% coins premined