Digital Gold (Asset) versus Distributed Computational Economy (Payment Coin) What is worth more? A cryptocurrency that provides a store of value like Gold? Or the original Bitcoin draft code and vision that was looking to build a distributed computational economy that could power global electronic cash, trade and services for a huge percentage of the world (both the banked and the unbanked). It...
After installation, launch POD Payment Coin. You will see this default view that shows your wallet balance and recent transactions. A green tick at the bottom right of the wallet shows if you are connected to the POD Payment Coin network. Sometimes it may take a few minutes to synchronise.
Click ‘Help -> Debug window’. Then click ‘Console’ tab. In the command line at the bottom type setgenerate true and click enter. This command starts the inbuilt mining software. Congratulations you are now part of the Payment Coin (POD) network and mining. Important safety note. DO NOT enter commands into the console that you get off the internet, forums or other third party...
For the first 840,000 blocks to be mined, each block will reward the user with 50 POD coins. In the screenshot, you can see that 202 blocks have been mined by users. So in total 202 x 50 = 10,100 coins have been rewarded. You are mainly interested in the next block. So in this example the computer is trying to mine block 203. If the machine solves the equation the user will be rewarded with 50...
The getinfo command shows additional software version and balance information.
Click ‘Help -> Debug window’. Then click ‘Console’ tab. In the command line at the bottom type setgenerate true and click enter. This command starts the inbuilt mining software. Congratulations you are now part of the POD Payment Coin network and mining. Important safety note. DO NOT enter commands into the console that you get off the internet, forums or other third party personnel. We...
Technical Specifications Fair launch: mainnet live 14 Feb 2018 Block reward: 50 POD Block halving: 840,000 blocks Block Time: ~2.5 Minutes Difficulty Adjustment Interval: Every 2016 blocks Maximum supply: 84,000,000 POD Hashing Algorithm: Scrypt (upgrade to Parallax algorithm 2022/23) Distribution: Available to public on launch: 99.5% Distribution: Pre-mine: 0.5% (saved for good...
