Investor group offers to buy Mt. Gox for one bitcoin

A group of investors with Hollywood ties is seeking to revive bankrupt bitcoin-trading exchange Mt. Gox, according to people familiar with the matter.


The investor group, which includes Brock Pierce, a former child actor-turned technology entrepreneur, is offering a token payment of one bitcoin, or about $400, to buy the exchange outright, according to these people. The acquisition must be approved by a Japanese bankruptcy court.

Mt. Gox collapsed in February after disclosing that 750,000 bitcoins belonging to customers had vanished, along with an additional 100,000 bitcoins owned by the virtual-currency exchange. Since then, about 200,000 bitcoins have been recovered and are part of the exchange’s assets.

The investor group hopes to revive the exchange and set aside 50% of its transaction fees to pay back customers and other creditors over time, according to documents filed to the Japanese bankruptcy court and reviewed by The Wall Street Journal.

A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox for a token payment of one bitcoin, or about $400, the Wall Street Journal reported citing sources.

The group justified the near-zero price citing an “information vacuum” over Mt. Gox’s missing bitcoins that made it hard to place a value on the lost digital currency, the paper said. (r.reuters.com/peq48v)

Mt. Gox, once the largest bitcoin exchange, filed for bankruptcy in Japan in February, saying hackers had stolen 750,000 bitcoins belonging to its customers and 100,000 of its own bitcoins after exploiting a security flaw in its software.

The investor group includes Brock Pierce, a former child actor-turned entrepreneur, and venture capitalists William Quigley and Matthew Roszak.

The group hopes to revive the exchange and set aside 50 percent of its transaction fees to pay back burned customers and other creditors over time, the Journal said.

Mt. Gox said in March it “found” 200,000 bitcoins in an old-format online wallet which it had thought was empty, raising creditors’ hopes of recovering some of their lost digital wealth.

The bitcoin exchange’s creditors would have the option of receiving a prorated payment from the 200,000 recovered bitcoins, an estimated 20 percent recovery value on their claims, or receiving the equivalent amount in equity in the new exchange, the paper said.

A form of electronic money independent of traditional banking, bitcoins started circulating in 2009 and have become the most prominent of several fledgling digital currencies.

The acquisition must be approved by a Japanese bankruptcy court. However, the near-zero valuation of the proposed deal could prove to be a hurdle, the Journal said.

source: http://www.marketwatch.com/story/group-offers-1-bitcoin-to-revive-mt-gox-2014-04-11 & http://www.reuters.com/article/2014/04/10/us-bitcoin-mtgox-investorgroup-idUSBREA3922Q20140410

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http://www.guugll.eu/investor-group-offers-to-buy-mt-gox-for-one-bitcoin/

Mt. Gox Founder Won’t Attend Bankruptcy Case Questioning

Mt. Gox founder Mark Karpelès said he would not come to the U.S. later this week judge to answer questions about the Japanese bitcoin exchange’s U.S. bankruptcy case, Mt. Gox lawyers told a federal judge on Monday.


Mt. Gox’s bankruptcy lawyers said that Mr. Karpelès is “not willing to travel to the U.S.,” despite an order from Bankruptcy Judge Stacey Jernigan for him to answer questions under oath on Thursday from lawyers who represent customers with frozen bitcoin accounts.

In court papers, Mr. Karpelès’s lawyers blamed a conflict: he recently received a subpoena to appear on Friday in front of the U.S. Department of Treasury’s Financial Crimes Enforcement Network, an anti-money-laundering division. The division has closely watched virtual currencies like bitcoin and issued guidance on them about a year ago.

Mr. Karpelès’ lawyer said the subpoena from Treasury officials “did not specify topics for discussion.”

“Until such time as counsel is retained and has an opportunity to ‘get up to speed’ and advise Mr. Karpelès [on the Treasury subpoena], he is not willing to travel to the U.S.,” lawyers for Mt. Gox said in documents filed in U.S. Bankruptcy Court in Dallas. They asked Judge Jernigan to push back questioning to May 5.

A Treasury spokesman declined to comment.

Mr. Karpelès hasn’t been charged with a crime. Last year, special agents from the Department of Homeland Security seized more than $5.1 million from accounts belonging to Mt. Gox under a federal money laundering statute. According to the statute, violators can be punished with fines, imprisonment or both.

Mr. Karpelès lives in Japan, where administrators for the company’s Japanese bankruptcy case are looking for some of the roughly 550,000 bitcoins that the company lost earlier this year. During a U.S. Bankruptcy Court hearing earlier this month, Judge Jernigan said that Mr. Karpelès “has made himself a fact witness by signing [court papers and] by holding himself out to this court and the world as the…CEO or sole officer of Mt. Gox.”

Mr. Karpelès also controls a Japanese entity that owns 88% of Mt. Gox, according to court papers.

Mt. Gox, once the world’s most popular bitcoin exchange, suspended trading Feb. 25 after announcing the disappearance of the digital currency. The loss of 7% of the world’s bitcoins, valued at $473 million at the time, may have been caused by a “bug in the bitcoin software algorithm, which was exploited by one or more persons who hacked the bitcoin network,” Mt. Gox’s lawyers said in court papers.

In court papers, lawyers for Mt. Gox customers have been trying to round up U.S. residents who paid a fee to Mt. Gox to buy, sell or trade bitcoin, for a potential class-action lawsuit.

Buyers and sellers of bitcoin, a virtual currency created in 2009 that some merchants have begun to accept as payment, have used Mt. Gox since 2011. In all, Mt. Gox has 127,000 customers, according to court papers.

After filing for bankruptcy in Japan, Mt. Gox filed for Chapter 15 bankruptcy protection in Texas to stop customers who sued it in Illinois from targeting the cash it is holding in U.S. bank accounts.

It is unclear how Mr. Karpelès’s decision could affect the U.S. bankruptcy case, which hasn’t yet secured an official nod from a judge. In Chapter 15 bankruptcy cases, company officials have to prove that a legitimate reorganization is taking place in a foreign country before a company’s U.S. assets get protection from seizure.

Judge Jernigan set that hearing for May 20. Meanwhile, the company is expected in a Japanese court on Tuesday.

source: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-508076/

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Create Litecoin Donate Link and Button

If you want to receive donations on your Litecoin address, there are actually multiple options. The easiest one is of course just copy and paste your Litecoin address and ask people to donate. But let’s be some more creative and make it easier for everyone to donate to your LTC address with less effort.

Litecoin QR Code

Showing a QR code is a good option of you are expecting donations from more tech savvy users or people who generally know what QR codes are. Generating a QR code for your Litecoin address is as simple as opening your wallet, opening the ‘Receive’ tab and right-clicking the address you want to generate a QR code for.

You are then presented with your QR code. But since your goal is to receive donations, you might want to add some more information to your code. For instance, you are able to set a suggested amount, add a label and even add a custom message to thank your donor/fan!

Cool! You can now go ahead and save the QR code as a picture with a .png file extension to add it to your blog, website or application. Heck, you could even make a sticker with it.

Your result could like like the image above.

 

Litecoin Donation Link

Another easy method is creating a donation link. When a user clicks the link, his/her wallet will open, showing a window similar to this one:

So how do you create such a link? Pretty easy. Just link you would create a link that contains information about a website (the URL), you now create a link that contains your Litecoin address.

 

<a href=”litecoin:LX3vBbHByqd6KejqzdFDKwXXD4K6vqwcwf?amount=2.00&label=Donation&message=Thank%20You%21” title=”Click to Donate by LTC”>Donate to my LTC Address</a>

 

Your replace my Litecoin address with your address. As you might have noticed, I added to extra parameters to my link. The first one is ‘amount‘, which I’ve set to 2 LTC. The second one is a label, which I named ‘Donation’. And finally the third one is a message for thanking my fan for his contribution. You are free to change any of these values. Double check your Litecoin address is correct and the link works. To test this, you can try to click the link yourself.

The result of a donation link could be this one: Donate to my LTC Address

 

Litecoin Donation Button

Creating a donation button to receive Litecoins is an easy one too. As shown above, you will need to create a link to your LTC address. Now just add an image and you are done already.

 

<a href=”litecoin:LX3vBbHByqd6KejqzdFDKwXXD4K6vqwcwf?amount=2.00&label=Donation&message=Thank%20You%21” title=”Click to Donate by LTC”><img src=”http://example.org/donate-button.png”  title=”Thanks for donating” /></a>

 

You shall need to replace the location of the button image to a working one of course.

The result could look like this:

source: http://thomasvanhoutte.be/blog/2013/10/30/create-litecoin-donate-link-and-button/

Guugll Search

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Feathercoin eBay-style auction marketplace

Feathercoin, an altcurrency based on Litecoin, has today announced that it is opening an auction site to facilitate the trade of physical items between individuals paid for by Feathercoins.


The site is at an early phase of development but already has 70 auctions ongoing. It also supports a feedback system so sellers can build a reputation, much like eBay. Feathercoin says that the site will soon implement a shopping cart and a range of merchant tools.

Peter Bushnell, the founder of Feathercoin, told us that the service had been created to solve the problem of forum users trying to auction off items on forums, often without someone standing in as an escrow provider. Bushnell also told us:

“To begin with members will either use external escrow or pay directly to each other. The next phase of the site will be to create online wallets and a built in escrow system.”

However, the primary goal of the marketplace is to facilitate mainstream adoption of Feathercoins – surely a relative term compared against the ‘mainstream’ adoption of Bitcoin. The Feathercoin founder had this to say…

“The focus is on merchant adoption. Rather than just asking merchants to use Feathercoin, we are working to provide them with the tools to make this happen. If we do most of the hard work, merchants will be able to easily integrate Feathercoins into their existing payment solutions. We are asking merchants to tell us what they need and then respond to that with our development.”

Going forward, the road map for Feathercoin’s auction house looks something like this:

1. Create Feathercoin shopping carts for several well used systems.

2. Create an API for merchants to use, this can be queried for the current value of FTC in different currencies and will return total price in FTC when queried with real world currencies. Initially this will be a simple

3. Make an online tool available that can generate buttons and icons for Feathercoin with the option of Feathercoin URLs that will be supported by the client.

4. Put together our own Official Feathercoin merchandise shop as a demonstration of what bringing all the tools together can do.

More details will be available on the Feathercoin website, and you can find the market at https://feathercoinmarket.com/browse.php?id=168

BitcoinIntel analysts advise cryptocommodity investors to keep their eyes on Feathercoin (FTC) over the next month, as the altcoin has been quietly gaining traction and swelling in value on major exchanges such as BTC-E.com .

While the market rates of crypto-to-USD continue to fluctuate with extreme volatility and are subjected to the whims of global events, market fluctuations between crypto-to-crypto commodities are more predictable, less dramatic, and more profitable within shorter periods of time. Traders and automated arbitrage bots have been observed engaging in frequent trades between cryptocommodities, specifically BTC/LTC/FTC. The sole purpose of flipping crypto-to-crypto in this manner is to increase their physical holdings. Many of these investors see cryptocurrency as having significantly more value than USD, and as a result hedge in altcoins like FTC as opposed to USD.

Small Units, Large Gains

At the time of writing, 1 FTC is priced at .00046 BTC, equivalent to about $0.38USD, according to the BTC-E exchange.

Within the last 30 days, Feathercoin rose to from 0.00040 BTC to 0.00128 BTC on Novemer 30, 2013. Traders who bought in using BTC at 0.00040 on November 27, 2013 saw a 278% ROI if they sold on November 30, 2013. Within the last few days, the market rate has slowly deflated back to the 0.00040 range. The Feathercoin market is anticipated to experience similar spikes and dips over the next few weeks as global events are announced related to Bitcoin and Litecoin. The current dip is being interpreted as parabolic by BitcoinIntel analysts, creating a temporary bear market that can yield significant profits for those with resources to diversify into Feathercoin via BTC-E before the market swings back to the .001+ range. The FTC/BTC fluctuations are available at CryptoCoincharts.info.

“If the value of Bitcoin drops by 500% overnight, it won’t matter to smart investors because they hedged in FTC instead of USD. At the end of the day, they still have cryptocurrency,” stated Alexander Heid, co-founder of BitcoinIntel.com and CEO of HackMiami . “FTC can always be traded for another kind of crypto if needed, or it can be spent on a good or service. The only losers in the cryptocurrency arbitrage game are those who rely exclusively on USD as a safe haven for market fluctuations. If markets don’t move in the anticipated direction, the trader can end up taking a significant hit and be left holding a USD voucher code for an exchange that they now have to figure a way to turn to cash. Keeping trades within the realm of crypto-to-crypto allows for quick and easy withdrawal, eliminates regulatory requirements, and keeps wealth within the cryptocurrency economy and stays true to Agorist principles.”

About Feathercoin

Feathercoin (FTC) was released in April 2013 as an open source fork of the Litecoin (LTC) cryptocurrency project. FTC was added to the BTC-E exchange in May 2013. Feathercoin has emerged to be considered one of the most prominent ‘altcoins’ behind Litecoin, and has a very active development community continuously maintaining the codebase. FTC operates much like LTC because it uses Scrypt as its primary encryption algorithm. However, it is designed to be more lightweight (hence the image of a ‘feather’), less resource intensive, and has the ability process transactions at greater speeds using a smaller blockchain. The Feathercoin concept and code was first developed by Peter Bushnell, who was a minor contributor to the Litecoin project.

https://feathercoinmarket.com/browse.php?id=168

The Feathercoin Market has relaunched better than ever. The market allows you to trade new and used goods in exchange for Feathercoin. A new escrow system is in place to limit opportunities for scams. This allows the market to hold the funds until both parties have confirmed the transaction has take place. With a simple yet elegant design, the site is very intuitive and easy to use.

Good news. The Feathercoin market is back with a major improvements and many bug fixes. Most noticeable is the built-in escrow system which in my mind makes the market work.

The escrow holds the funds from the buyer until the goods have been received. Once you buy an item you send the funds to the escrow address on the screen. The seller can see that payment has been sent and can send the goods. Once done the buyer can mark the item as received and the funds will be released.

https://feathercoinmarket.com/browse.php?id=168

source: http://www.coindesk.com/feathercoin-launches-ebay-style-auction-marketplace/ & http://www.prweb.com/releases/2013/12/prweb11424537.htm & http://cryptosource.org/feathercoin-market-opens/

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http://www.guugll.eu/feathercoin-ebay-style-auction-marketplace/

The IRS Decision

On March 25th, the United States’ Internal Revenue Service (IRS), issued a statement saying that bitcoins (and presumably other cryptocurrencies) are to be treated as property for tax purposes. Basically, this means that all capital gains and losses made from holding or using bitcoins must be reported for tax purposes.


While many see this as an encroachment of the government into a decentralized system, others think that the ruling shows that bitcoin is becoming more mainstream.

Ideally, the ruling will affect all transactions made in bitcoin. Among other things, workers paid in bitcoin must report it as income on a Form W-2, any payment for goods must be reported, and any capital gain or loss from buying or selling bitcoin must also be reported. In order to pay the required taxes, everyone who gets (whether mining, buying, or earning) bitcoins must record the price of the bitcoins when they were acquired and the price when they are sold, in order to record a capital gain or loss. In theory, almost every transaction may involve a gain or loss that must be reported, even buying a cup of coffee, because of the volatility of bitcoin’s price. Jeffrey Hochberg, a tax attorney in New York, said that the ruling “would obviously create an accounting nightmare for taxpayers and may cause taxpayers to avoid using virtual currency.” Essentially, bitcoins will be treated like stocks and bonds. Taxes can be applied for gains made with bitcoin and up to $3000 can be deducted for losses. The ruling also affects miners, technically any income from mining should now be reported as income for tax purposes. They would also have to declare capital gains like everyone else should they sell the coins.

Many think this ruling represents too much government intrusion and the death of bitcoin as a currency, but others believe that this ruling will improve bitcoin’s standing in the mainstream view. While the ruling says bitcoin is property not a currency, the ruling may actually help investors, allowing a sense of certainty and security. The property ruling was also the lesser of two evils. Had bitcoin been ruled as a currency, the taxes for investors would’ve been much greater. Some also believe that because the IRS has recognized bitcoin, its credibility will be increased in the public eye, and it will see wider adoption.

While the announcement was certainly big news to the bitcoin community, some were quick to point out that such a ruling would be nearly impossible to enforce. Steven Rosenthal, senior fellow with the Tax Policy Center said on the IRS ruling that “Nobody in their right mind would ever comply with that,” and that “The IRS can’t even get the information they need from normal consumer purchases.” The pseudo-anonymous nature of bitcoin would make it extremely difficult for the IRS to track all purchases and catch tax evaders. Essentially, small time bitcoin users likely have little to worry about. The IRS is simply trying to catch big time tax evaders. Alex Daley, a technology investment analyst for Casey Research, said that “This ruling is a warning shot across the bow, mostly to business and large traders, that you’ll have to deal with the income tax evasion consequences.” He doesn’t think that the ruling is “a signal to consumers that we’ll take away the anonymous nature of Bitcoin.”

Regardless of whether the IRS’s ruling will be beneficial in the long run or not, the announcement in conjunction with rumors about a ban in China have driven prices down to about $450, from the $500-600 prices found just a week before.

source: http://cryptosource.org/the-irs-decision-what-does-it-mean/

Guugll Search

http://www.guugll.eu/the-irs-decision/

SHA-256 VS SCRYPT VS SCRYPT-N

I was a little late to the mining game, and have been primarily focused on scrypt based coins with most of my herd of 270s pointed at our profit switching mining pool pool.cryptopros.com.


I was talking with the the boys at Cryptopros (Clint and Pete) and received a major rash for having never mined Bitcoin before. Now granted most are aware that GPU mining for Bitcoin became unprofitable sometime ago do to the development of ASIC technology supporting SHA-256, but never the less mining for Bitcoin was now on my to do list.

As our baseline I elected to use a rig that was currently running BAMT 1.6 and mining scrypt. As a update, BAMT 1.6 does give a lower reject rate over 1.2, but definitely pushes the GPUs harder, thus raising operating temperatures.

srcypt

A little investigation into GPU settings for mining Bitcoin showed no reference for R9 270s as they were released well after the rise of ASIC miners. No issues though, with a little messing around with the BAMT configuration files I was able to grow from KHash to MHash, and actually have some shares accepted and they show up on the pool! Now obviously I didn’t spend a lot of time optimizing, but now the claim can be made that I actually mined BitCoin.

bitcoin

So with my Bitcoin mining success, I decided to take the next step and try a Scrypt-N mining. It so happens that our friends over at CoinHuntr have started a pool dedicated to Vertcoin, which can be found at Vertsquad.com.

BAMT 1.6 provides a option in the BAMT configuration file to select the mining of Scrypt-N. It took a little time to get this one going as the settings to mine Vertcoin is quite different from say Litecoin, but success! Again, not a lot time was spent optimizing, and I am sure there is room for some improvement, but Scrypt-N definitely slows a GPU to a crawl.

vert

So I went from close to 500 KHash with scrypt mining, to 400 MHash Bitcoin mining and then plummeted to under 200 KHash with Scrypt -N all performed on the same Rig. About all I can do now is give Clint and Pete a rash for never mining Scrypt -N.

source: http://www.cryptopros.com/2014/03/sha245-vs-scrypt-vs-scrypt-n.html

Guugll Search

http://www.guugll.eu/sha-256-vs-scrypt-vs-scrypt-n/

Execoin Innovates Again

Execoin is progressing rapidly up the ladder of altcoin success, a month after its official release.


The coin is a member of the family of ASIC-resistant altcoins that have adopted a defiant stance against scrypt ASIC mining. The formation of a GPU-only strain of altcoin pre-empts the market-shaking effects of the looming scrypt ASIC invasion and these altcoins have positioned themselves for the changes that are about to sweep across the cryptocurrency domain.

Disclaimer

It should be mentioned at the outset that the writer has some bias in favour of Execoin, namely operation of mining pools that host Execoin, EXE holdings, as well as, a long term “buy-and-hold” strategy with regards to the ASIC-resistant altcoins.

Updates

In addition to a revamped website, the past week has seen some notable Execoin developments:

Execoin Listing on Cryptsy

Android Wallet made available via Google Play Store

Release of ExecoinJ Java Library for application development

Exelite SPV Thin-client wallet released

The new developments are discussed below. First, some background for those unfamiliar with Execoin and the changing scrypt ASIC landscape

Recap: ASICs

Application Specific Integrated Circuits (ASICs) are purpose-built hardware devices that can achieve much faster hash rates than non-specific hardware devices such as a GPU. Due to the highly specialized functionality of ASICs, they need to be carefully customized and adapted to a particular hashing algorithm’s exact process and bitwise flow. What makes an ASIC capable of hashing a particular algorithm at such great speed is the fact that most of the repetitive hashing functionality (normally done via software) is transferred to dedicated hardware circuits. The ASIC’s hashing ability is, therefore, hard-coded and immutable.

A consequence of the ASIC specialization is that the tiniest alteration in the hashing algorithm renders any purpose-built ASIC useless and requires a complete redesign and re-manufacture of the application specific circuit.

Making changes to the Scrypt hashing algorithm is the express purpose of the Progressive-N Scrypt algorithm.

Built from the ground up, Execoin’s Progressive-N Scrypt algorithm disrupts the development of ASICs that are capable of mining the coin. The N-factor refers to a memory size multiplier and is calibrated to increment the coin hashing algo’s memory size requirement at specific time epochs in the future, thereby disrupting any attempts by manufacturers to develop ASICs targeting the coin. Doing so would be costly and ultimately futile, as a scheduled N-factor change would render a successful ASIC devise useless.

Execoin ASIC-free ZoneASIC-resistant

Since the generic Scrypt hashing algorithm is now being targeted by ASIC manufacturers, we can expect to see the Scrypt-based altcoin market change significantly during the coming months: as ASIC manufacturers start delivering their pre-orders, many generic scrypt-based coins will have their network hashrate increased by factors ranging from 10 to as much as 100. This is not a distant event, in fact, scrypt ASICs have already been spotted in the wild and some sites are offering ASIC mining devices for sale at the time of writing.:

Some altcoin teams have opted to position for this period of turmoil by developing their coins with scrypt ASIC resistance as the primary objective. This family of coins includes (amongst others) Yacoin, Vertcoin, Hirocoin, Darkcoin and Execoin. These coins use different hashing algorithms to prevent ASIC mining and their quality of implementation also varies: some are clones hacked together by enthusiasts while others feature innovative source code designed by experienced developers.

By defying ASIC mining, the resistant coins create a haven where GPU miners can operate profitably. The existence of these safe havens, therefore, sustains the market for GPU manufacturers to innovate and cater to cryptocoin mining.

This market dynamic informs the ASIC-resistant business model and underpins Execoin’s objective of providing GPU miners with an “ASIC-free zone”. With each new wave of ASIC devices entering the market, GPU miners will be forced out of their Scrypt altcoin comfort zones and will systematically be forced to migrate to the ASIC-free zone where the ASIC-resistant coins’ market cap and valuations are expected to benefit from the influx.

Cryptsy

On April 4, Execoin was listed on Cryptsy. Traders and investors can find the EXE/BTC pair here.

Developers

ExecoinJ – a Java Development Library has been released. This library enables Java developers to create applications for Execoin and it is available on GitHub.

Android WalletExecoin Android Wallet

The Execoin Android Wallet is the team’s first mobile app and was Google verified and made available via Google Play Store during the week.

The wallet is based on Andreas Schildbach’s Litecoin wallet and has been ported to Execoin in a clean and consistent manner.

Significantly, payment requests are possible via the Android device’s available sharing methods. The writer was able to effortlessly initiate payment requests via email, bluetooth and QR-code. Payment to the Execoin Android wallet was received within seconds of sending the transactions out to the network.

The ease-of-use and speed is very impressive, especially benefiting merchants who seek to receive payments as reliably and near-instant as possible.

Exelite SPV

This week, the team released a Lightweight Java Wallet utilizing their in-house ExecoinJ library.

Named “Exelite“, it features a Paper Backup functionality and makes Execoin the first ASIC-resistant coin with a Simplified Payment Verification (SPV) client.

Exelite is a portable, cross-platform SPV with fast synchronization and minimal disk space requirements.

Exelite SPV Java wallet

The Execoin developers share the Bitcoin developers’ sense that cryptocurrency user interfaces and transaction handling will move away from the cumbersome desktop installations we have now, and instead

reside on Simplified Payment Verification clients. This is the reason why the team specifically implemented a faster block time – for faster propagation and, therefore, faster payment verification.

Specifications

Algorithm: Scrypt-Progressive-N with optimized schedule

(technical name: scrypt Salsa20/8(N, 1, 1), PBKDF2(SHA2))

Symbol: EXE

Max Coins: 84 million

Block time: 45 seconds

Subsidy: halves every 840,000 blocks (~437 days)

Difficulty Re-Target Time: Every block (KGW)

Block Rewards: 50 coins per block

Get the latest Execoin news and more information about the features mentioned above on Execoin’s website: http://execoin.com

source: http://www.cryptocoinsnews.com/news/asic-resistant-execoin-innovates/2014/04/12

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