Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: noyvpom on May 06, 2013, 09:12:14 AM



Title: Insta-mined
Post by: noyvpom on May 06, 2013, 09:12:14 AM
I'm sure there must be other topics on this, anyway;

There are a lot of new coins coming out that are not strictly 'pre-mined', eg there are no, or very few blocks mined before the coin is announced.
But they heavily mined right after announcement, huge amounts of coins by the coin creator and those (lucky enough?) really early adopters, due to low starting difficulty etc.

I propose a new term for this;

Insta-mined

whatdya think, do we need such a term? does one already exist?




Title: Re: Insta-mined
Post by: gabbynot on May 07, 2013, 12:24:02 AM
Pretty much all of them are "insta-mined"

Good term, though.


Title: Re: Insta-mined
Post by: MrWizard on May 07, 2013, 12:29:38 AM
Insta-mined is already a term.
Yes, but his is in bold letters.


Title: Re: Insta-mined
Post by: btbrae on May 07, 2013, 12:42:57 AM
I would say they're being undermined but nobody would believe me...


Title: Re: Insta-mined
Post by: Littleshop on May 07, 2013, 12:43:55 AM
Insta-mined is already a term.

And it works.  :)