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MEC
Exchange
USD
Market Cap
$5,695,432
24h Low / 24h High
$0.14832 / $0.25292
24 Hour Trading Volume
$45,080
Complete Metrics Score
Total31%
Major Exchanges Trading Activity
Liquidity17%
Source Code Repository Activity
Developer20%
Social Media & Discussion Board
Community31%
Market Cap $5,695,432
24h Low / 24h High $0.14832 / $0.25292
24 Hour Trading Volume $45,080
Complete Metrics Score
Total31%
Major Exchanges Trading Activity
Liquidity17%
Source Code Repository Activity
Developer20%
Social Media & Discussion Board
Community31%
MEC
Exchange
USD

Megacoin (Overview)

About

Megacoin altcoin is a new decentralized cryptocurrency created by Kimoto. Megacoin seems to be based of from New Zealand and it appears that it is not affiliated with the Kimdotcom's MegaUpload.

Megacoin is the first coin to adopt the Kimoto Gravity Well which was created by Kimoto himself. The Kimoto Gravity Well is a difficulty adjustment formula that helps to adapt the coin's mining difficulty against the flucuation of mining power. This adaption is needed to alleviate against profit switching mining pools which would cause a sudden change of hashrate which also causes a sudden change in mining difficulty.

Due to the effectiveness of the Kimoto Gravity Well, many other altcoins are inspired to create new difficulty adjustment formula or rather just adopt the algorithm into the codebase.

As of the current design, there will only ever be 42 million Megacoins created.

Genesis Date June 01, 2013 (over 4 years)
Hashing Algorithm

Scrypt

Hashrate

52.7 GH/s Try Cloud Mining

Block Time

2.5 Minute

Available/Total Supply

36.7 Million / 42 Million