PeopleCoin has officially launched and you can begin mining the coin now. PeopleCoin is a Scrypt PoW/PoS coin with 1 minute block targets and the difficulty re targeting every block. Only about 1.5 Million PeopleCoins will be created. The aim of this project is to build a fast and safe currency that every person can keep for daily use.

Specifications:

Based on scrypt algorithm

Proof of Work / Proof of Stake

1 minute block target time

Difficulty starts from 0, retargets every block

50 confirms for minted blocks

4 confirms for trading

RPC Port = 17776

P2P Port = 17777

Transaction fee = 0.0001

About 1,440,000 coins total

Transaction messaging (in plain text)

No premine

Mining Specifications:

1st-3rd day, 10 coins per block

4th-15th day , 5 coins per block

16th-30th day, 2.5 coins per block

From 31th day to 1 year, 1.25 coins per block

Halves every year since then. Mining last for about 50 years

Official Website:

http://www.people-coin.org

Downloads:

Wallet-qt for Windows:

https://mega.co.nz/#!rBtDFbgZ!UFH4pD3oL3t7dg0p0LLQqhNIplh3uaE4BpVSsJQYenk

https://docs.google.com/file/d/0B8RsPzi8byHPTUJZajVXTURzQzg/edit?usp=sharing

Source code:

https://github.com/PeopleCoin/PeopleCoin

Wallet for Linux, OS X and mobile users:

Coming soon….

Mining Pools:

http://coin-base.net/peoplecoin/

Block Explorer:

http://coin-base.net/ppl_blockcrawler/

Solo Mining Guide:

1. Open peoplecoin-qt.exe, wait for it to startup, then close it

2. Create a text file named “PeopleCoin.conf” in “C:\users\yourusername\AppData\Roaming\PeopleCoin”(see sample below)

3. Start peoplecoin-qt.exe again, wait before it becomes synchronized.

4. Connect your mining rigs to the wallet and start mining. URL example: http://192.168.1.10:17776

Sample PeopleCoin.conf



Code:

listen=1

daemon=1

server=1

rpcuser=somerandomstrings

rpcpassword=somerandomstrings

rpcport=17776

port=17777

addnode=192.69.221.105