This coin is under the RevivalCoinGroup management. Most alt coins have a very short life, because they're not announced in advance, and the only users of it are the early adapters or the preminers. Elacoin is an open cryptocurrency based on the Scrypt-N hashing algorithm, with a few innovative modifications:
Elastic block reward algorithm based on the difficulty and Moore's LawThe more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin's value.
Stable Currency that Regulates Itself Through Supply and DemandLess demand? Less hashpower, less block reward, less supply. Same value.
High demand? More hashpower, more block reward, more supply. Same value.
Fast Payments and ConfirmationsThe block target is one every 2 minutes, which is the perfect amount.
Fast enough without running into network IO limits, or bloating your hard drive.
Name/Symbol: Elacoin ELC
Launch date: May 13, 2013
Algorithm: Scrypt POW now/ Scrypt-N (after Sept,20 2014)
Block Time: 120 seconds
Block reward: 1.161568 (now) Half every 9 month
Difficulty: KGW
Port: 9223
RPCport: 9222
Simple configuration for miners in pool
Configuration:
Username: Your worker name
Password: anything or your
Algorithm: scrypt-n
URL 1 (low difficulty ): stratum+tcp://pools2.cryptopia.co.nz:5162
URL 2 (high difficulty): stratum+tcp://pools2.cryptopia.co.nz:6162
Example elacoin.conf
Located: Linux in ~/.elacoin
Windows in userfolder/AppData/Roaming/Elacoin
rpcuser=YourUser
rpcpassword=YourPass
rpcport=9222
port=9223
server=1
addnode=182.145.54.10:9223
addnode=51.255.13.23:9223
addnode=91.203.142.168:9223
Next N-factor 32768 change date will be at Wed, 13 Jul 2022 19:47:53 GMT
Elacoin is older, reliable and time-tested coin. Use Elacoin if you want to be sure for your investing.
