Cypruscoin mining pools
Algorithm: CryptoNight Lite v.1
Block time: 60 seconds
Difficulty: Retargets each block
Decimal Point: 6
Emission Factor: 18 (Fairly Fast Emission)
Premine Amount: 760.000 (2%)
Total coins: 38 Million XCY
Cyprus has always been and still a popular destination for those who want to have a great holiday, form offshore companies, visit casinos – gambling parlors and enjoy the life. CyprusCoin idea was born on a meeting in Cyprus where several businessmen and offshore finance advisers were discussing about safe management of investment funds. Since Cyprus is a very popular offshore investment destination, we believe that CyprusCoin will be a great solution for the people to move their money freely, untraceable, safe and securely.
You may think that, there are several strong privacy coins so why we needed a new one. Yes, we are also aware that there are many privacy coins and they have great communities, developers. However with building CyprusCoin we wanted to focus on offshore investment market and their specific needs. This is why we wanted to have our own coin to develop and improve for our purpose and goals.
We have premined 2% of total coins to give away as bounties.
Emission Factor set at 18 which means fast emission of our coin. This has been done for a purpose, which is having the most of the emission process completed in a reasonable time and thereafter focusing more on additional products and improvements than circulation and price of our coin.
Mining Cyprus Coin
Cyprus Coin (XCY) can be mined only via CPU or a GPU. CryptoNight Lite v.7 algorithm is ASIC-Resistant so you can not use your ASIC device to mine Cyprus Coin (XCY).