Why MediterraneanCoin was developed?

HybridScryptHash256 integrates the best of Hash256 and Scrypt algorithms (respectively the core Proof of Work algorithms of Bitcoins and Litecoins), allowing the reuse of the less powerful ASIC Block Erupter devices.

The idea is to allow all the users of erupters and similar small ASIC devices to mine an altcoin without having "whales" coming and disrupt mining.

With HybridScryptHash256, each Hash256 mining iteration with an erupter is encapsulated between two Scrypt stages (a memory intensive algorithm whose parameters depend on the current difficulty).

In this way, a good amount of CPU power (or maybe even GPU power) is necessary for each Hash256 dedicated hardware.

If a miner owns a lot of Hash256 computing power, in order to mine Mediterraneancoins, he will need also a corresponding CPU power.

If the correspondent CPU power is not available, then the Hash256 compunting power is automatically limited.


1 minute block targets, about 6 hour to retarget difficulty

Special reward system: random block rewards depending on block number:

block number
reward
Special block reward system
1-100k
random 1-100 MediterraneanCoins reward
100k - 200k
1-200 MediterraneanCoins reward
200k - 300k
1-150 MediterraneanCoins reward
300k - 400k
1-100 MediterraneanCoins reward
400k - 500k
1-70 MediterraneanCoins reward
500k - 600k
1-40 MediterraneanCoins reward
> 600k
20 MediterraneanCoins reward (flat)









after that, subsidy halves in 1036k blocks (~1 year) 

200 million total coins

protocol port: 9373, rpc port: 9372

MediterraneanCoins addresses start with "M".

Features

Why MED is best!!

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SAFER CRYPTOGRAPHY

the new Proof of Work algorithm "HybridScryptHash256" is stronger than Scrypt and Hash256 and thus cryptographic attacks are much more difficult

NO ASIC WHALES!

new Proof of Work algorithm "HybridScryptHash256"  requires extremely large CPU power, when mining with the biggest ASICs, making mining MED for them extremely difficult

SMALLER MINERS

Smaller ASICs have an advantage in mining, in respet to large ASICs; MediterraneanCoin is coin designed for small ASIC which cannot mine anymore Bitcoin.

WE'RE THE BEST

:) :) :)

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