Popular Coin Proof of Work Minting

Coin Generation

The only way that PopularCoins are Generated is by Mining them. The way that PopularCoin™ transactions are processed is by miners connecting their computers with the network and processing the data. When they process the transaction data every 180 seconds a block of information is generated and the person who’s computer processes that part of the code gets 99 coins. By connecting to a pool it strengthens the likelyhood of solving a block and then the pool splits the reward.

Official Pools:

• • C-Minors Pool
    Scrypt Algorithm Proof of Work (PoW)

    Mining Payout and Transaction Processing:

    Base Rewards:

    99 POP Coins Per Block (first 6 months)
    49 POP Coins Per Block (to block 110000)
    99 POP Coins Per Block (Indefinitely)

    50 Blocks for Full Confirmation
    180 Second Block Spacing
    Difficulty Retarget Every Block

    Epic 1,000x POP Reward Every 10,000 Blocks

    Bonus Rewards
    2x Reward – 7 per hour
    5x Reward – 2 per hour
    10x Reward – 1 per hour
    25x Reward – 12 per day
    100x Reward – 1 per day
    500x Reward – 1 per week
    2500x Reward – 1 per month
    5000x Reward – 6 per year

    RPC Server Daemon: ./popcoind

    Core Directories:

    Windows < Vista: C:\Documents and Settings\Username\Application Data\PopCoinCore

    Windows >= Vista: C:\Users\Username\AppData\Roaming\PopCoinCore

    Mac: ~/Library/Application Support/PopCoinCore

    Unix: ~/.popcoincore

    Sample popcoin.conf

    server=1
rpcuser=user
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=27171 port=18181
addnode=199.217.112.53
addnode=209.239.123.20