:) :) :)
Smaller ASICs have an advantage in mining, in respet to large ASICs; MediterraneanCoin is coin designed for small ASIC which cannot mine anymore Bitcoin.
new Proof of Work algorithm "HybridScryptHash256" requires extremely large CPU power, when mining with the biggest ASICs, making mining MED for them extremely difficult
1 minute block targets, about 6 hour to retarget difficulty
Special reward system: random block rewards depending on block number:
|random 1-100 MediterraneanCoins reward|
100k - 200k
1-200 MediterraneanCoins reward
200k - 300k
|1-150 MediterraneanCoins reward|
300k - 400k
1-100 MediterraneanCoins reward
400k - 500k
|1-70 MediterraneanCoins reward|
500k - 600k
1-40 MediterraneanCoins reward
|> 600k||20 MediterraneanCoins reward (flat)|
after that, subsidy halves in 1036k blocks (~1 year)
200 million total coins
protocol port: 9373, rpc port: 9372
MediterraneanCoins addresses start with "M".
HybridScryptHash256 integrates the best of Hash256 and Scrypt algorithms (respectively the core Proof of Work algorithms of Bitcoins and Litecoins), allowing the reuse of the less powerful ASIC Block Erupter devices.
The idea is to allow all the users of erupters and similar small ASIC devices to mine an altcoin without having "whales" coming and disrupt mining.
With HybridScryptHash256, each Hash256 mining iteration with an erupter is encapsulated between two Scrypt stages (a memory intensive algorithm whose parameters depend on the current difficulty).
In this way, a good amount of CPU power (or maybe even GPU power) is necessary for each Hash256 dedicated hardware.
If a miner owns a lot of Hash256 computing power, in order to mine Mediterraneancoins, he will need also a corresponding CPU power.
If the correspondent CPU power is not available, then the Hash256 compunting power is automatically limited.