RedCoin (RED)

The two main ways to get Redcoins are by Mining them, or Trading them. All transactions are stored in whats called a blockchain. Redcoin miners are people who are giving their computer power to support the redcoin network, compute the mathmatical equations and store the blockchain. They are paid whats called "mined coins". Depending how much computer power they give to the network, determans how many coins they will receive. Mined coins are generated 50-150 every 1 minute. Also, everytime you send coins, you pay a small transaction fee (0.001%) this is also paid to the miners. If you want to mine Redcoins, you need a computer with at least 1 good Graphics card. Although its possible to mine Redcoins without a graphic card, just with CPU power, its about 20x less speed of using a GPU card, so this is why most people would use GPU.