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Title: What does it mean exactly for a coin to be instamined and ultra instamined? Post by: vonross2012 on May 25, 2013, 02:21:10 AM What does it mean exactly for a coin to be instamined and ultra instamined?
Title: Re: What does it mean exactly for a coin to be instamined and ultra instamined? Post by: MashRinx on May 25, 2013, 02:24:59 AM Premine - someone(s) mining the coin before it is released to the public (usually they will state these are for "bounties" or for the coin's "federation", etc. personally, I say stay far away from any coin premined for ANY stated reason, but that's just me. Others may disagree, but usually because they too hold at least a few (probably more than a few) of the coins in question.
instamined - someone(s) ready to mine the coin very quickly after release ultra instamined - someone(s) ready to mine the coin with a very high hasrate (large number of machines/GPUs when the coin is released Title: Re: What does it mean exactly for a coin to be instamined and ultra instamined? Post by: TheSwede75 on May 25, 2013, 02:26:58 AM Premine - someone(s) mining the coin before it is released to the public (usually they will state these are for "bounties" or for the coin's "federation", etc. personally, I say stay far away from any coin premined for ANY stated reason, but that's just me. Others may disagree, but usually because they too hold at least a few (probably more than a few) of the coins in question. instamined - someone(s) ready to mine the coin very quickly after release ultra instamined - someone(s) ready to mine the coin with a very high hasrate (large number of machines/GPUs when the coin is released ultra instamined - See the 500 MH/s mining of LuckCoin from block 0-1k. Not a single working pool and a single miner crushing the network for 1000 blocks handing everyone else only orphans. Title: Re: What does it mean exactly for a coin to be instamined and ultra instamined? Post by: vonross2012 on May 25, 2013, 03:04:06 AM Awsome... Thanks...
I'm guessing pretty soon the new coins will have to change their strategy to make any money at a new coin. There has been so many rip off coins in the last month it will get old and people will stop falling for it except the real newbies. |