GeoCoin was launched at 7:00 AM Monday, January 19, 2015 UTC with the mission statement "Bringing GIS technologies to the blockchain". GeoCoin uses the rare and fair Qubit mining algorithm which allows both CPU and GPU users to mine the coin. It is hard to find Qubit mining rentals at this time so most people are "at home" miners. In this way, the Qubit algorithm is mining rental resistant. This makes it much more difficult for 1 miner to get most of the coins. The distribution has been fair and we consistently many pool workers and connections to the geocoin network. Right from the start a community has been built and people want GeoCoin.
Algorithm: Qubit, Block time: 1 minute, Number of POW blocks: 5,000,000