I sat there and dealt with trying to connect and mine for hours at launch, by the time I was able to even mine solo the network hash was already psychotic for anybody with a CPU. I posted there and then in the forum for that coin that I won't mine or buy a single one of these coins I don't care if it turns into a 500000x profit. I'm glad I stuck to my guns and shunned that pos scamcoin. Lots of people lost money on it, its never going to recover.
The reason you had such a hard time is that the devs launched using GPU Cuda miners. Block chain and diff adjust analysis clearly shows a large gpu farm came online immediately. The whole linux only thing was designed to give the devs a clear advantage for the first 24 hours, which is all they needed to milk the sweet spot at the peak of value.
Honestly I do not think Max Keiser understood a single technical aspect of it and only attached his name to it. I don't think he was aware of the scam that the devs pulled off until about 8 days ago when he seems to have disavowed the coin entirely. Not a single mention of Maxcoin by Keiser in days as it falls off the cliff.
~BCX~
+1 for thew launch comments and the RS exchange add on was a just a bonus -
+1 for the possible conspiracy with a large farm at beginning - I mentioned it in the thread before launch and was misunderstood.
disagree that Max has abandoned it - = = or Net Net its no worse than any other long distribution launch, its not memory hard - and its a single hash -
interesting to the see the market eventually come back to shorter distributions times and multi hash.
multi Hash because SCRYPT is dead -
shorter disto times, because market is starting to realized that value and price is determined by a network effect, in relation to the decentralization.
the equation is not just a simple matter of "early adopters" Quark is one of in fact the only fully distributed currency with wide exposure. price has stabilized, after a certain amount of time (maybe a long time) so will Max.
But the fact is, speeding the process up does not significantly effect the currency either way its just that the developers do not understand multidimensional economics and are just; "doing what bitcoin done" and spreading the release over years.
take for example AUR - look on page 4 - i told the Dev a 50% pre mine is flawed he should have conducted an at least 70% pre-mine IF he can assure that it is delivered, and the 30% is only for the lack of hardware, if hardware can be delivered (would need Gov involvement) 100% premine and delivered - silently the the price would have floored on volume then found equilibrium if the market can build a network effect.
in effect we have 50% of AUR distributed instantly in 30~ days etc. it doesn't get much faster than that, of course this is supposedly delivered to citizens and the currency lives or dies on that parameter effectively.
but miners are certainly not going to get it.
