Current difficulty:  000001ffffffffffffffffffffffffffffffffffffffffffffffffffffffffff

Most of what we are mining will be given away in the future, so what ever concerns there are about our early mining dominance will not matter in the long run.

Mining is very sensitive to latency due to having less than 3 seconds to receive a block, mine, and broadcast a solution.

We would like to have the benefits of Proof of Work (aka mining) without the downsides such as unpredictable block production time, mining pool centralization, or the potential for recent blocks to be orphaned. The primary benefits of POW include:

1. An objective measure of quality that is expensive to forge
2. A financial incentive to optimize a useful/necessary computer algorithm
3. A distribution model that attracts tech-savvy users
4. Creation of a robust low-latency network

Unlike traditional mining, block production time is separated from the time when work is performed. When a solution is found that meets the target difficulty, a transaction is submitted the network and included by the current block producer. To be included, the POW must be derived from the current head block. The user is then added to a queue to be included in a future block production round. The target difficulty becomes a function of the queue length. A simple algorithm would require a number of leading 0 bits of a POW hash equal to the number of producers in the queue. We chose to make difficulty equal to queue length divided by 4.

With three-second block times, a POW miner needs to operate a node with minimal network latency so it can get the new head-block as quickly as possible and then submit its result to the network with enough time to propagate to the next block producer.

And yet you have no compiled wallets???
FAIL?

Bitcoin: "5...", what is your account name?

FYI: there is a wallet that gets built, cli_wallet.  

./cli_wallet and will connect to ./steemd *if* you launch ./steemd with --rpc-endpoint

 "head_block_number": 3933,
 "current_supply": "16818.000 STEEM",

21 STEEM produced every time a POW is included in a block
1 STEEM produced every time a block is created

The POW queue is currently 77 deep this means it takes ~80 minutes from the time you solve a POW until the time you get scheduled to produce a block.

Once scheduled, you get to produce 21 blocks over 21 minutes and you get to earn 21 STEEM each time you include someone else POW in a block you produce.

On average 1 POW is found every minute.

First block produced:

{
  "previous": "0000000000000000000000000000000000000000",
  "timestamp": "2016-03-23T01:12:27",
  "witness": "initminer",
  "transaction_merkle_root": "0000000000000000000000000000000000000000",
  "extensions": [],
  "witness_signature": "1f7ab858d58134f555bd538b74534f17ad88d2bce6bee83fd99c160a5228be929054041cfa7b2e0 13cef39bde76a7e980b7011b1605b53c1721d6430e496f0ab5b",
  "transactions": [],
  "block_id": "00000001274f454c6b7320943c5a5b26e87a89a0",
  "signing_key": "STM8GC13uCZbP44HzMLV6zPZGwVQ8Nt4Kji8PapsPiNq1BK153XTX",
  "transaction_ids": []
}

1 block is produced every 3 seconds.  1 POW every minute.

What does it look like when you

1) Solve a block
2) Produce a block

If someone signs two blocks with the same timestamp and someone catches them in a timely manner, they can seize the balance of the "double signer". 

So no one can "produce" on two parallel chains without risking their balance.

This is a launchdevmine coin.
No gui no instructions...not even a linux compile or nice ANN so he can mine from the beginning without us or the big public and get a lot and easy to mine coins.

Good luck.

how i could start mining ?

how to start with Mac?

15 years experience ?

how old are you !