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Title: MtGoxCoin Block 1 reward is 972000 compared to the normal 25 Post by: HiroS on March 11, 2014, 07:41:21 PM Just looked over the source code for MtGoxCoin and this has not come up yet.
The following sets the reward on block 1 to 972000 on block one. Normal block reward is 25. Code: int64 static GetBlockValue(int nHeight, int64 nFees) https://github.com/mtgoxcoin/mtgoxcoin/blob/master/src/main.cpp#L1064 Edit: Nevermind, they said on the first page that this is premined to give back to anyone burnt by Gox. Title: Re: MtGoxCoin Block 1 reward is 972000 compared to the normal 25 Post by: MaGNeT on March 11, 2014, 07:45:04 PM Just looked over the source code for MtGoxCoin and this has not come up yet. The following sets the reward on block 1 to 972000 on block one. Normal block reward is 25. Considering this I would advise against mining or buying this coin as an investment. Code: int64 static GetBlockValue(int nHeight, int64 nFees) https://github.com/mtgoxcoin/mtgoxcoin/blob/master/src/main.cpp#L1064 Quote Premine and Compensation for Mt.Gox losses We pre-mined the coin to be able to compensate every person who lost coins on Mt.Gox. We want to give every person as many MtGox Coins as their last balance was on Mt.Gox when they closed shop. But of course it can not be guaranteed we will reach this goal within a reasonable time frame. Disclaimer: We will not take part of any action to have this mtgox database or any personal information of it's user. We are working on getting the coin on as most exchanges as possible so everyone can trade early and safely. But first, we will give donations to all who help us grow the coin in some way or another. No, it has not come up yet ::) Title: Re: MtGoxCoin Block 1 reward is 972000 compared to the normal 25 Post by: HiroS on March 11, 2014, 07:48:32 PM Dammit, and I thought I was being so clever spotting that :(
Title: Re: MtGoxCoin Block 1 reward is 972000 compared to the normal 25 Post by: MaGNeT on March 11, 2014, 08:40:43 PM Dammit, and I thought I was being so clever spotting that :( It was clever you spotted it :) But reading the OP would have helped too ;) Title: Re: MtGoxCoin Block 1 reward is 972000 compared to the normal 25 Post by: Sharrow on March 11, 2014, 09:07:39 PM It's a definite instamine but the first block can be swallowed up creating the genesis block so it's possible that their intentions will be completely wasted anyway.
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