What is ƒartcoin?
Fartcoin is a cryptocurrency like Bitcoin, although it does not use SHA256 as its proof of work (POW). Taking development cues from Litecoin & Dogecoin, Fartcoin currently employs a simplified variant of scrypt.
This Project is currently Under Construction, this means that while you can download the Fartcoin-Core wallet and play around with it if interested. Keep in mind that this project is under construction and thus the Blockchain might be rebuild / restarted multiple times before the official launch. (Which means: you lose all coins)
How to get ƒartcoins?
You can mine Fartcoins with your fartcoin-core wallet
or you can trade Fartcoin at www.MemesExchange.com
To Mine the coin you should connect to the Fartcoin mining pool
Download the latest miner: https://github.com/pooler/cpuminer/releases
Windows: run the miner in CMD
minerd.exe -a scrypt -o stratum+tcp://fartcoin-project.com:4444 -O YOUR_FARTCOIN_ADDRESS:x
How much ƒarticles will ever exist?
With every block mined the reward drops, this means that instead of halving the reward suddenly every 200k blocks Fartcoin mining reward drops constant until block 10.000.000 where it stays at a constant 1 FART per block + miningfee.
The mining block reward is different from any other coin, since it is a reciprocal graph (y=1/x) it gradually decreases the mining reward every block.
Fartcoin uses a simplified variant of the scrypt key derivation function as its proof of work with a target time of one minute per block and difficulty readjustment after 24 hours.
MiningReward = FARTCOIN / ( height / 10000000)
Total Fartcoins at block 10,000,000 (20 Years) = 166,953,113.60862600
1 Blocks per minute =
525600 Blocks per Year
* After 1 Year = 137.5 Million Fartcoins
* After 20 Years = 166,9 Million FartCoins
After block 10 million the reward is fixed @ 1 FART per block mined
This results in a constant inflation of around 0.25%