Megacoin

Megacoin

Coin Information

Algorithm Scrypt
Proof Type PoW
Start Date 29/05/2013
Website MegaCoin
Last BlockExplorer Update TS 2018-07-25 07:07:34
Difficulty Adjustment Every 9 Blocks
Block Reward Reduction -
Block Number 1027156
Net Hashes Per Second 6758887798.5637
Previous Total Coins Mined 37262874.9931
Total Coins Mined 37262981.2431
Block Reward 6.2499999999962

Source : Cryptocompare.com

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About Megacoin

Megacoin (MEC) is a Litecoin-based cryptocurrency that aims to provide quick and easy transfer of coins wherever you are in the world as long as there is Internet connection. Megacoin prides itself as the ‘new type of decentralized currency’ that celebrated a successful debut in the world of cryptocurrency after becoming a huge hit in certain exchanges after its release.

With an intuitively designed Megacoin Wallet, you will be treated to hassle-free ways of monitoring your balance, trading MEC, and mining more coins. Simply download and install it on your computer to begin using Megacoin (MEC) for shopping online or for buying and selling coins. Moreover, you can instantly fill your Megacoin Wallet with free coins when you make the most of the available Megacoin Faucet.

Released only in 2013, this cryptocoin is doing well in the market compared with other alternative currencies.

Megacoin Mining

Megacoin (MEC) will release a total of 42 million coins over the coming years. But instead of bombarding miners with loads of blocks filled with coins, Megacoin (MEC) has implemented two phases, in which they will release 21 million coins each. For the first five months since its launch, 21,000 blocks will be generated every month, marking the initial block reward at 500 coins. For the next four months, the block reward will be reduced to 250, 125, 75, and 50 coins.

Once all the blocks designated for the first phase run out, the second set of blocks will continue to be released in the succeeding years. 420,000 blocks will be generated every two years, where 10.5 million coins will be initially mined from. Expect the block reward to start at 25 coins per block, which will eventually get halved every period.

Moreover, miners will be treated to a more stable Megacoin Difficulty, so everyone can expect to collect coins on a regular basis without experiencing too much fluctuation. With merely breaking the 100,000-marker, there are surely more blocks that await those mining solo or in pools. And with a number of Megacoin Mining pools available online, miners will have an easier time finding the pool that offers the best deal.

To have a clear view of your estimated expected earnings for a day, week, month, and year, use a Megacoin Calculator that computes possible earnings based on the figures you enter for the Pool Fees, Hash Rate, Exchange Rate, and Block Reward to name a few.

Megacoin Exchange

Megacoin (MEC) can be traded in the Bitcoin market in Cryptsy, Bter, Coins-E, CoinEX, and Phenix exchanges. With a warm reception from users and miners all over the world, this cryptocurrency boasts of a more competitive price in the market. This puts the Megacoin Price/Value above the other alternative cryptographic coins in terms of market performance. Although the Megacoin Exchange rate is relatively unstable, there’s a better future ahead of Megacoin (MEC) users and miners.