binance
Rank 448
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Avg. Price
$ 0.2801740824 USD
24hr Change
-4.14%
Mkt. Cap
$ 168.1 M
Vol. 24H
CRE 3.35 M ($ 938,034.812)
Low/High 24h
$ 0.2775867228 / $ 0.2994868737
Total Coins
$ 600 M
Last Trade
CRE 979.739 ( $ 274.497) / OKEX
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Description

The pow/pod mining algorithm solves among other things one major problem with Bitcoin; the direct relation between inflation, Bitcoin value and mining costs. In the absolute start-up phase, approximately the first six months, only proof-of-work mining is required. Once initially mined coins will become available for deposit, the system will gradually and automatically shift toward the combined pow/pod algorithm. The deposit system does not prevent proof-of-work mining, instead it acts as a force pushing miners towards adding deposits.