Hi,
Pretty new to crypto-currencies and such. Just wondering what algorithm is being used for minexcoin, along with how to mine it when it is released.
Cheers,
Ron
Hey you can read about the algorithm that MINEX will use in their whitepaper they explained it in detail (
https://minexcoin.com/html/download/wpeng.pdf).
To sum up
How It Actually Works
The main purpose of MinexBank is to stabilize the exchange rate within the
range of no more than 5% of the previous day’s closure price. The five per cent
growth owes to the practice of global stock exchanges. Once the values are
reached, stock markets halt the trading, thus preventing speculators and
misguided investors from dictating their own prices.
Once the limit values of the five per cent range are reached, MinexBank has two
options: it either changes interest rates for parking payouts, or intervenes to keep
the price within the preset range. Coin parking and intervention are the basic
financial instruments used by MinexBank #minexcoin.com