Bitcoin with its proof of work algorithm consumed around 64.49 TWh electricity in a year.
That enormous amount of energy is enough to power more than 5 million households in United States or even the entire country of New Zealand.
That enormous amount of energy is enough to power more than 5 million households in United States or even the entire country of New Zealand.
SPLASHCOIN owns 2 billions of premined coins and we will use that premine to fill the market needs.
Average blocks will be generated every 30 seconds. The coin is considered valid and can be used for transaction when it reached 10 blocks. For staking, it must reach 510 blocks to be acknowledged as mature coin.
Miners have an opportunity to earn up to 24% profit per year. It is gained from the mining results which keeps going for a year. It will vary depending on each miner's balance and the coin age.