what ye need to be knowin'
Piratecoin is a crypto currency coin like bitcoin or dogecoin. It's a free open source peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending.
1. DOWNLOAD WALLET
The first step in any mining operation is to download the wallet. You will need a wallet to generate an address to send the coins you eventually end up mining. See above
2. DOWNLOAD MINER
You may download the respective version for your OS below
3. CHOOSE POOL
Due to the overwhelming influx of miners from the start, solo mining is not recommended. However, pools are designed to allow miners to work together where you are paid for your shares submitted for the current block. Please choose from the verified pools below.
4. CONNECT MINER
Once you’ve installed the wallet, downloaded your miner, and selected your pool, you simply need to connect them all together. Each of the pools below feature a “Getting Started” section which will walk you through the process in order to get you up and running.
Community building is a big part of the Piratecoin project. We want to be seen as more than a payment network, but as a strong open source community. To this end, we are encouraging users to join the Piratecoin community by offering a diverse launch plan offering multiple ways to become a stake holder. One very good way to become a stake holder is to win a bounty for a community contribution. The current list of bounties are
WHAT IS AN EXCHANGE?
An exchange is an institution, organization, or association which hosts a market where cryptos, stocks, bonds, options and futures, and commodities are traded. Buyers and sellers come together to trade during specific hours on business days. With respect to cryptos, the markets are open 24/7/365. Exchanges impose rules and regulations on the firms and brokers that are involved with them. If a particular crypto is traded on an exchange, it is referred to as “listed”.
PROOF O’ WORK — Scrypt
1 min block target
Difficulty retargets 20 min
Initially 100 coins per block, halves every 2 months (100,000 blocks)
Total around 25 millions coins
connection port is 11656, RPC-port 11655
Source code : https://github.com/kebian/Piratecoin
5% chances 2 times the normal coins
1% chances 5 times the normal coins
0.01% chance 60 times the normal coins