Bank Society Coin is a free open source decentralized project derived from Bitcoin. It's an experimental project with the goal of providing a long-term energy-efficient scrypt-based crypto-currency. You're using this software with no guarantees or warranty of any kind. Use it at your own risk! Built on the foundations of Bitcoin, Litecoin, PeerCoin, NovaCoin, CraveProject, Dash Masternodes XUVCoin, BATA, and Crypostle to help further advance the field of crypto-currency.
Adjustments based on network hashrate, previous block difficulty simulating real bullion mining: If the difficulty rate is low; using excessive work to produce low value blocks does not yield large return rates. When the ratio of difficulty adjusts and the network hashrate remains constant or declines: The reward per block will reach the maximum level, thus mining becomes very profitable.
This algorithm is intended to discourage >51% attacks, or malicous miners. It will also act as an automatic inflation adjustment based on network conditions.
Bank Society Coin supports PoW, PoS (staking) and Masternodes. Watch out for new coin technology very soon
The code base of Bank Society Coin is based around ProfitHuntersCoin
Bank Society Coin is a new concept altcoin cryptocurrency project with PoW,
PoS and Masternode, as well as firewall support and dynamic Proof of Work Rewards.
Algorithm : Scrypt
Max Supply : 75,000,000 SOCI
Premine : 20,000,000 SOCI ( Premine 20M -> Banknotes swap 5M, Airdrop 1M, marketing/exchange use 4M+ )
( Bank Society workers, as required translaters, help support, marketing. 2M+ )
ICO : no
Air Drop : 1M max
Block Spacing : 60 Seconds (1 minute)
Staking Minimum Amount: 1000 SOCI
Master-node Collateral: 20,000 SOCI
Reward Distribution : 80% to Master-nodes while 20% to Staking wallets.
Premine Phase Block 1 to 100 [Completed]
PoW Phase Start Block 101 to 50000 Reward = 5
PoW Phase Block 50001 to 250000 Reward = 25
PoW Phase Block 250001 to 500000 Reward = 35
PoW ends 750001
PoS Phase Start Block 101 to 50000 Reward 50%
PoS Phase Block 50001 to 250000 Reward 250%
PoS Phase Block 250001 to 500000 Reward 360%
PoS Phase Block 500000 Reward 500%
use -o stratum+tcp://testmine.ru:3433 -u <SOCI Address> -p c=SOCI
use -o stratum+tcp://stratum.youcrazy.me:3433 -u YourMiningAddress -p c=SOCI