What is HempCoin?
The HempCoin, a.k.a. “THC” was one of the first 30 cryptocurrencies developed in 2014, and is a niche-focused digital currency for the agricultural and farming industries as well as the marijuana industry. HempCoin is built on the source code of Bitcoin, and its current users include marijuana dispensaries and speculative traders. As more and more businesses begin to accept HempCoin, we expect its awareness and value to rise. The more goods and services around the world that are priced in the currency, the more stable and established its value will be, thus facilitating wider usage and awareness.
The Hempcoin is unlike many other cryptocurrencies who scheme others into mining and then dumping for minimal profit. We are here to make a currency that is considered the main currency within the hemp community.
We chose not to boast the hemp leaf as it has become synonymous with recreational cannabis smoking and not hemp as a product. Although the leaf symbolizes the liberty that we should have around the world (but are still not given, primarily within bank practices), we have created our own symbol for the movement. The symbol is meant to represent “THC” as a currency symbol.
Algorithm: Scrypt (Pos/PoW)
Premine: 0% Pre-mined.
Block Time: 60 seconds.
Block Reward: 125 coins,
Reward Halving: Halving at 500,000 Block Intervals.
Coin Age Requirement: 45 days for 5% stake.
Total Supply: 250,000,000 Hempcoins.
Season lasts for 45 additional days and then can be started again
BONUS Blocks 1% Chance of 875 Coins
BONUS Blocks 1% Chance at 7,875 Coins
Add nodes to Hempcoin.conf
Watch it Grow!
*Based on NovaCoin, Scrypt Proof of Work/Proof of Stake Hybrid
*60 second block targets, progressive difficulty retargeting
*250 Coins Per Block
*Halving at 500,000 Block Intervals
*Minimum Reward of 1 Coin Per Block
*250,000,000 Total Proof of Work Coins
*First 25K Blocks are 4x Reward
*Blocks 25001 - 35001 are 2x Reward
*45 Day Coin Age Requirement for 5% Stake (Growing Season)
*Season lasts for 45 additional days and then can be started again
Default RPC Port: 12055
Default location for config file: %appcoin%\Hempcoin\Hempcoin.conf
Services / Exchanges / Explorers:
Official Website: http://hempcoin.org/
Official Pools: none
Unofficial Pool: https://www.mining-dutch.nl/pools/hempcoin.php
Block Crawlers: http://126.96.36.199/hempcoin/ or http://188.8.131.52/explorer
Block Explorer (coming soon): http://184.108.40.206:2750
Detailed Specs for P2Pool/Services:
PUBKEY_ADDRESS = 40
ChainStartTime = 1393868740
CoinbaseMaturity = 30
ProofOfWorkLimit = 20
ProofOfStakeLimit = 20
Merkel Tree Root: 2362d9763557a78a460e62d6c0439aa6fcf15ca607746e56f1026d922302c0ad
Magic Key/pchmessagestart: 0xa5, 0xa5, 0xfd, 0x01