Crypto Mining Blog

Guncoin (GUN) is a virtual currency that began out of a love and appreciation of firearms, computing and investing. That, along with extensive experience buying and selling firearms via online auctions such as Gunbroker.com, prompted us to come up with a better, faster and cheaper payment solution that could easily be adopted for all to use. Thus, Guncoin was born.

Speaking from experience, when buying and selling firearms related goods, it is extremely hard to find a payment processor. Unfortunately, the choices are very limited. PayPal does not accept transactions for firearms in US Dollars. BitPay does not accept transactions for firearms in Bitcoin (BTC) and most traditional credit card processors will not either. While some 3rd party processors may, they do so only with an incredibly high fee (usually 25% or more). Legitimate firearms businesses are being forced to close their doors because nobody will process their payments. Guncoin (GUN) will change all of that because it is decentralized – no single company controls Guncoin. Additionally, transactions post almost instantly and are fully confirmed in just minutes. Even more importanly – There are no fees!

Website:
– http://guncoin.info/

Block Explorer:
– https://www.blockexperts.com/gun

Coin Specifications

• Neoscrypt PoW (Proof of Work) Algorithm
• Maximum Coins: 500,000,000 (500 million) GUN
• Block Rewards: Only 1 for the first 180 blocks. Adjusted to 200 after block 180
• Block Time: 2 Minutes (30 blocks/hr x 200 GUN/block = 6,000 GUN/hr)
• Difficulty Re-Target: DigiShield Implemented at block #30
• Rewards Decrease: Every 500,000 Blocks
• Premined coins: (10%) 50,000,000 GUN

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 42953
– P2P Port: 42954

Mining Pools:
– https://gun.theblocksfactory.com/
– http://gun.lifeforce.info/
– https://www.minep.it/pool/gun/

Coin Exchanges:
– AskCoin