Cachecoin (CACH) soars 34.60% on December 4-5

December 5, 2017 - By Hazel Jackson

Cachecoin (CACH) had a good 24 hours as the cryptocurrency jumped $0.01 or 34.60% trading at $0.03. According to Global Crypto Analysts, Cachecoin (CACH) eyes $0.04 target on the road to $0.06. CACH last traded at Cryptopia exchange. It had high of $0.04 and low of $0.02 for December 4-5. The open was $0.02.

Cachecoin (CACH) is up 48.92% in the last 30 days from $0.02 per coin. Its down -62.11% in the last 100 days since when traded at $0.09 and the annual trend is up. 200 days ago CACH traded at $0.00 (non existent). Cachecoin maximum coins available are 2.00B. CACH uses Scrypt algorithm and PoW proof type. It was started on 05/01/2014.

CACHeCoin (CACH) utilizes Proof-of-Stake (POS) mining that generates more CACHeCoins when you retain your coins for 7 days. When the coins from a particular transaction become 7 days old they will be used by your wallet to perform Proof-of-Stake mining that will generate new coins if you solve the block. Just like a normal Proof-of-Work block these POS blocks require 520 confirmations. Once the POS block has reached 520 confirmations your staked coins and the reward will be made available again in your wallet. These coins will then be required to age another 7 days before they can be used in POS mining. The POS is not very CPU intense and there’s no need to set anything in order to mine PoS. It’s done automatically.

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