100mil coins total @ 10 coins/block = 10mil blocks
5mins/block for 10mil blocks = total of 95 years of mining, assuming reward does not half.
So the 10000 premine = 1000blocks = 0.01% total coins = all coins generated from the first 3.5 days.
There will be only about 86400 coins mined each MONTH. So the premine is about 11% of total coins available for the 1st month of the coin.
So it is a very big chunk of premine.
5mins/block for 10mil blocks = total of 95 years of mining, assuming reward does not half.
So the 10000 premine = 1000blocks = 0.01% total coins = all coins generated from the first 3.5 days.
There will be only about 86400 coins mined each MONTH. So the premine is about 11% of total coins available for the 1st month of the coin.
So it is a very big chunk of premine.
After 2 months its 5.5% and after 1 year its less then 1%. i want not to make another dump&run coin, i think bigger
I know trusting is a huge problem in alt-coin business and i can't do anything to change it.