No, that doesn't explain it. If other cryptos have a "better" distribution than LTC, and this matters, they would be beating LTC. They are not.

It's nonsensical. If they want to keep the project quiet they can start by taking down the web page. I'm not convinced the "message" is even from the developers.

Yes, hosting in Israel came out to something like 25c/kwh, and no shipping or VAT.

Until we know the actual failure rate I will reserve judgement. 2 weeks earlier with a 15% failure rate is much better than breaking even, because most of those machines likely get fixed or replaced. It would be a break even if they all turned out to be a total loss, which I highly doubt.

Rushing adds value. Time to market is also a major competitive advantage for the buyer. The same product delivered two weeks later is worth about 15% less. Time pressure is intense here. Getting it "right," but too late, is still getting it wrong.

How many did they ship and how many have had problems? 

I know in the case of the S1, they shipped a lot, and there were constantly people on here reporting problems, yet I ordered over a dozen and had no problems with any of them.

You do definitely give up something in quality control when you buy a cheaper product, but in this commodity space, the cheaper product also gives you a major competitive advantage (as the buyer).

I'm not happy with the SD corruption issue, that one may still bite me. Spare SD on hand, but I haven't imaged it yet.

My review is that I plugged it in and it mines. Quieter than I expected too.

That said, I wouldn't buy the S2 at current listed prices either, if it were in stock, which it isn't.

Sounds thermal. While you were messing around with things, it cooled off and reset itself.

Switch PSU.

I will buy until further notice at 0.08 btc per 1m. PM me to sell.

I think its pretty clear the coin was not truly pre-mined. If you look at the difficulties in the block chain, finding all those proofs-of-work was not trivial. Some group of people (or at least computers) of fairly significant size were mining it for some period of time, though it doesn't necessarily have to be the period of time advertised.

You can criticize the fast mining schedule and that may be enough to doom the coin (if there isn't enough mining reward it won't be secure), but pre-mining in the usual sense is pretty much not true.

It was on the clearnet February 25, according to the wayback machine archive of bytecoin.org. It may have been there earlier (but not indexed), but no more than a few months.

PM sent

I'm considering doing one as a bitcoin spin off. I promise it would have a better name

Password is "root" via web and "admin" via ssh. Why it is different on these I have no idea.

Side chains are something different, these are spin-offs.

A spin-off is already planned as an alternative to the Ethereum IPO, although that seems to still be some time away.

There will be more.

The fact is, the initial distribution doesn't matter to the success of the (or any) coin. After that, anyone buying  (or trading something else for) the coin has to want it, and anyone selling (or trading for something else) the coin has to not want it. Nothing else matters.

If people are trading the coin (I don't really follow it, so I don't know), then this effect is already in play, and the initial distribution won't matter. People will whine over it certainly, but that won't stop people from wanting it or not wanting it and trading among themselves.

That's one reason I support the bitcoin spin-off model. It is an extremely wide and deep distribution model that doesn't even require immediate action by most of the people receiving it. It has nothing to do with fairness, just an efficient and low cost way to get the coin out there that can't be gamed.

My wallet is 26 MB and the app is 2.4 MB

There is a pool (that I can't vouch for) and a wallet, just not a GUI wallet.

cryptonote.org had a totally different project on it in August. It might be interesting to dig down into that one a little, but I'm not the type to go there.

I did find the super-secret developer on bytecoin.org though!  




Not even blocked by robots.txt. So careless!

The mentality is that since no one has presented any objective third party evidence that it isn't new, it might be.

Lack of evidence does not answer the question either way.