Vertcoin was premined. Cachecoin was not.
Vertcoin didn't have a premine, I dunno what this guy is smoking. It was a fair launch coin that started with normal, Litecoin diff algo.
The first pool operator, Ziga "The French Connection", even could have put something like 100mhash on it himself when difficulty was low but didn't. Most people who mined on the first day didn't even hold their coins and sold them. If you mined right from the opening on
http://pool.pm with 3-4mhash or so, and
never stopped for a few days, you would have gotten around 3000-4000. Not many people actually did, because what coins blow up and which ones don't is very unpredictable. Out of the few people that did mine it from day 1 and stayed on it, most of them sold off for pennies. It's possible some people could have made lots of money from it, but most people did not hold. VTC distribution is about as good as it gets for an "alt coin" and there are tons of people who are kicking themselves for not having bought some when it was selling for literally pennies.
At one point, even when people were noticing the coin had promise and prices started to rise, I remember seeing that you could buy the entire sell wall and get 16,000 for .5 BTC, I think on Coinedup. That means you could have turned $400 into $160,000 without even having mined it at all, and buying during an uptrend. The coin sold for so cheap for over an entire week, that anyone who mined early wasn't even rewarded for doing so when anyone could come along and buy far more than you mined on day 1 for nothing.
I had 3-4mhash on it at release on pool.pm and got, I don't remember, 2-3000 the first day. When it was placed on Coinedup, I could have bought the same amount for the cost of a trip to Burger King for the next 3-4 days.
Moral of the story is, any coin that has any kind of potential whatsoever, you should buy some near release when its drastically undervalued.
