|Block Time||2 mins|
|Max Coin Supply||21000000.0000000|
|New Coin Supply Time||17395.00 Days|
|Decrement Cycle||1 week|
|POW Reward Percentage||51%|
|MN Reward Percentage||49%|
As a technical supporter of the game, we hope that all players can join the mining with their own graphics cards. We used the algorithm X16R to against ASIC Miner. ASIC miner tend to concentrate mining rights, which is not what we want, so we will always keep our algorithms mineable only with graphics cards.
The X16R hashing algorithm consists of 16 hashing algorithms operating in chain fashion with the ordering dependent on the last 8 bytes (16 nibbles) of the hash of the previous block. The algorithms are as follows:
Unlike BTC’s rewards, which are halved every four years, AllGameCoin System has designed a smoother reward reduction. We have reduced the amount of rewards by 0.484% per week, which has steadily increase the value of XAGC.
The total supply of coins is 21,000,000 and the total supply time is 17395 days (48 years).
5.5. Reward Rate
POW has a 51% share and MN has a 49% share. It is the most efficient way to balance the security of the blockchain and the energy consumption of mining.