This is the page where you can learn about microCoin and investing. Here you will be guided on how, why and when to invest in microCoin.
|Where to buy&sell microCoins:
|Block rewards & Price
The first thing to look at when trying to understand how microCoin deflates and inflates in value is to look at its block rewards. There’s a chart below that explains how the block rewards ascend and descend with time. This is a very basic thing. When the block rewards get higher, more microCoin are made, miners make more profit and more money is needed to sustain the value. This of course means that the market can’t support higher amounts of microCoin each day, so the price needs to go lower as block rewards go higher. It doesn’t always go 100% like predicted, but this is something that should be expected or at the very least noted. You can always see what block we are on and what the block reward is from block explorer. The block reward is the same as the block number up until block 160,000. (ie. block #40,000=40,000MRC, block # 50,000=50,000MRC, and so on.) At block 160,000 this will end and the block rewards start descending by 1 MRC for each block. (ie. block #160,000=160,000MRC, block # 160,001= 159,999MRC, and so on.) Why this is important for investors to know is that this is when deflation starts. Miners keep getting less with each block and less microCoin is produced each day. This means scarcity goes up and thus value. So theoretically the best time to buy microCoins would be at the top, around block 160,000, but if you look at the big picture, you’ll see that anytime even near the top is the best time to buy as the block reward will end up at below 10,000 within a few months after deflation starts. Of course scarcity isn’t the only thing that gives a currency value, but fortunately that’s not all there is to microCoin. Keep reading if you want to know more.After microCoin start to be full POS (Proof Of Stake) coin, mining is not available any more.
This means, microCoins will be generated only with stake blocks.There is around 18 BIL micros mined and POS stake reward is only 1 Mil / year.
Comparing with bitcoins which are minted around 14MIL, there is 1000 times more microCoins on market.Because microCoin not spend electricity for keeping network alive, and because MRC can get only buying it, value can not compare only with amount, but may give some figure.POS network will be alive as long there is at least 2 wallets on network. Miners are not needed.
microCoin is alcurEX exchange main currency which gives some value for the coins, because there is permanent market place trading microCoins.
Long term plan for micro is to be easy to use payment currency.
Last update (3.0) will allow merchants use payment reference with payments and verify transactions direct from block chain without wallet installations.
|The value of scrypt-jane (mining period)
Before we discuss the growing third-party value of microCoin we’ll look at its inherent features first and why they are important to investors. Bitcoin uses SHA-256, which is ASIC-mineable. Litecoin uses scrypt, which is not ASIC-mineable, but FPGA mineable (FPGA miners are practically ASIC miners that aren’t as powerful). microCoin uses scrypt-jane with a variable nFactor. This means that microCoin is not ASIC or FPGA-mineable. Why this is important to investors is because GPU miners always need something to mine.
As more GPU miners come, the average amount each person gets lowers, which means they have less motivation to sell their mining profits and the price will rise accordingly until they are satisfied with their minig profits.
So the more GPU miners, the higher the price should be. Currently GPU miners are still able to profit from scrypt-currencies, but when FPGA miners become more easily available this will change.
So miners not got microCoins free.
They spent computers and electricity to got it.
As early investors always, they share risks and they will share first investors profits.
So far micros have been profitable invest, but value is still extremely low and if you believe our mission, this will be good time step in micro invest.
But always remember golden advice: Do not invest money you cannot afford to lose.
Future of microCoin
If we need to update coin, we can do it fast.
Source code will be open forever.
Latest update is payment reference.
If you have ideas for the microCoin, spread it freely on micro btctalk thread.
Welcome to invest on fair crypto; microCoin