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Mining is the process to add information to the Euncoin blockchain. In cryptocurrency, mining is the validation of all the transactions that have been made. Mining keeps the transactions secure and protects the users from reversed transactions. Instead of having a central authority to take over control and security, this part of Euncoin is on the miners. Miners have to put all the transactions into the Euncoin block to fill up the blockchain. For each block created, miners are rewarded accordingly. Euncoin mining is done using specialized hardware and a computer. The sole purpose is to secure the network through verifying all the transactions and new coins are paid as a reward. There is, however, a concern with regard to traditional mining: It utilizes a tremendous amount of energy, which affects the environment in the long run. Euncoin remains out of this problematic zone by keeping mining to a minimum in order to minimize the effect on the environment and save energy without sacrificing the security and integrity of the transactions. Miners are rewarded with Euncoin as it takes cost and effort to mine.
Unlike most coins, Euncoin is completed, active and did not go through an ICO. This very limited sale of Euncoin is designed only to help with the marketing, additional mining and servers to insure the stability the distribution and other features that require additional funding. In fairness to the Content Creators and the donors, the price will be the same as the donors have received, 0,01$ USD or 0,000015 BTC per coin.