Thursday, July 11, 2013

What is MEMEcoin?

What is Memecoin [MEM]?


Memecoin is an alternate virtual cryptocurrency made for users to share, mine and trade.


How many Memecoins are there?

Approx 200 million Memecoins will be created

100m coins made first year

50m coins made second year

25m coins made third year continuing down in 1/2 subsidies yearly


Block Rewards-

1-2 Premine Bounties

3 -5000 @ 500 Coins Per Block

5000-10000 @ 250 Coins Per Block

>10000 100 @ Coins Per Block


Orphans and rejects are part off the fun so starting difficulty 0.00003052


Block times are targeted at 30 seconds with difficulty increasing every 600 blocks (5Hrs). Confirms every 25 blocks.


How to Mine Memecoins?

Download the client for your platform below.

Windows qt Client – Source 1 Source 2

Source Code

Windows users. Download and extract the files to C:\Users\YOURUSERNAME\AppData\Roaming\memecoin

Create a config file by right clicking in the new folder, select text document and type the following

rpcuser=YOURUSERNAME

rpcpassword=YOURPASSWORD

rpcallowip=127.0.0.1

rpcport=7785

port=7784

daemon=1

server=1

gen=0

addnode=60.230.205.245


Click save as, change the format down the bottom from .txt to all files, name the file memecoin.conf and save. Start the memecoin-qt client



What is MEMEcoin?

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