I'm about a week from beta testing NSACoin and then a week or two after that we will mine the genesis block and have the release...no pre-mine but the starting difficulty will be rather high as a result of how the network will act.
Every time you find a block your IP will be revealed to the network and 10-15% of the network power will be devoted to DDOSing your IP until the next block is found.
Basically, this coin is like Russian Roulette with a payoff. You will get coins but then you'll get DDOS'd until the next block is found, rendering you unable to mine. The hope is that we will be able to kill off mining pools and people with large mining farms and give more power back to single miners.
This is a Scrypt based coin so you can go GPU crazy on it.
The reason I'm announcing it now is that I need probably 50-100 testers to make sure that this going to work reliably. There is no reward for being a tester other than a bunch of lols.
Please post below if you would like to be a tester
A fixed IP address costs around $5 per month.
One only needs 2 addresses to work around this design.
Say I have 2 addresses, IP1 and IP2.
I generate a block with IP1, then let it get attacked, while generating a block at IP2.
When IP2 is done, I switch back to IP1, and so on, alternating between the addresses..
This design won't reduce mining centralization.