Crypto Mining Blog

AmberCoin (AMBER) is the first crypto currency that is backed by real assets. AmberCoin is an example of using the blockchain technology for managing the industrial company’s shares. Each AmberCoin is a share in Amber Trade LTD which is involved in the extraction, processing and trading of amber.

Amber Trade LTD is an international holding with its headquarters in London. It unites a range of local companies specializing in extraction, storage, transportation, manufacturing and the sale of amber and items made from it. The company sells amber mined from its own fields in the west of Ukraine. Our clients are companies from various countries of Europe, Asia and the Near East that trade amber as well as process it into semi-manufactured goods and off-the-shelf items. Current Amber Trade LTD turnover is 500,000-1,500,000 euro monthly. 49,000,000 coins = 49% of Amber Trade LTD shares. A minimal share that can get a dividends is 0.01% or 10,000 coins. We have excellent news for miners – you can mine a company shares. 9,800,000 coins (9.8% of shares) are available for mining. The rest 39,200,000 coins (39.2% of shares) are reserved for sale. The sale will take place in rounds during the time of coin mining (approx. 12 months). The company will provide a notice every time when each round of investment opens.

Website:
– http://ambercoin.info/

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

Coin Specifications

• X13 PoW + PoS Algorithm
• Max number of coins (including POS phase): 49,000,000
• Block number when POW ends: 2,000,000
• Current PoS block reward: 0.5 AMBER going down to 0.1 after block 1 Million
• Timing of block (in seconds): 60
• Difficulty Retarget: every block
• POS interest per year: 25%
• Min stake age: 6 hours
• Max stake age: 30 days

Wallet:
– Windows
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 31981
– P2P Port: 31982

Mining Pools:
– https://amber.suprnova.cc/
– https://aikapool.com/amber/
– https://amber.thecryptoworld.org/

Coin Exchanges:
– Bleutrade
– Yobit