Bitcoin Forum

[MGC] Magicoin (KGW)

Search for ordinary miners for http://mgc.okaypool.com.
This coin has something magical!!!

Come and discover!!

Yeah, it has a premine that you want to dump.

Premine?
Would hate to talk about premine, as premine is always a negative point of a coin. Well, to be honest, we are launching the coin at our free time additional to the regular job. No specific funding available for setting things up. We would say without a "funding" support the whole processes of development, advertising, etc. will be very hard and inefficient (well, this basically means time consuming, like bitcoin being known after years community recognizing and acquirement). As such, we do use a part (< 1%) of this coin as the “funding” to push the things on the rail more efficiently, setting up wallets (versions for different systems), pools, exchanges, website and so on, as well as getting the coin to be exposed, with premines using as the bounty.

Please read this first. Quite understandable what the DEV indicates.!!

Premines are used as bounties. Some of them have led to a few pools being set up; more will be given out for this purpose. A data sheet recording the details will be posted in the thread.