42counts
Newbie
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Activity: 1
Merit: 0
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February 14, 2014, 01:29:47 AM |
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Signed up man, and miners pointed!
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hamiltino
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February 14, 2014, 01:31:57 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
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stacking coin
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sevoque (OP)
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February 14, 2014, 01:33:35 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed
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TR8888
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February 14, 2014, 01:34:39 AM |
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No denying 3% is a large pre-mine though, Why not 1% or 1.5% max?
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pcmerc
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February 14, 2014, 01:35:37 AM |
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Come join us at our new PANDA coin pool: Pre-Registration is welcome. Pool is ready for for action once source is released.http://panda.kryptochaos.com 0.5% fees, SSL, 1k Bonuses per block, VARDIFF, STRATUM, CLUSTERED!
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chickenliver503
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February 14, 2014, 01:36:50 AM |
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so using the vert coin miner will work for this coin right?
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hamiltino
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February 14, 2014, 01:37:30 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence.
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stacking coin
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mega
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February 14, 2014, 01:41:52 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence. Guys, you're missing the point. This is clearly a dump and pump coin. So, just jump in, make some profit and get the fu** out before's too late.
10BTC coming in as soon as technically possible
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Got my account back! It was hacked. Sorry about it :|
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ShabbosGoy
Newbie
Offline
Activity: 56
Merit: 0
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February 14, 2014, 01:44:56 AM |
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I know good coins when I see them and this is just a flat out pump and dump coin.
Once this coin hits a market they will dump the entire premine for a quick cashout.
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sevoque (OP)
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February 14, 2014, 01:45:21 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence. I agree, 3% is not small change, neither is 1% - the point I was trying to make is that you cannot compare vertcoin to a coin that has disproportionately larger reward structure as more would be mined in the same time frame relative to the coins rewards. You are overlooking what that 3% represents and I think you are assuming that for whatever reason that 3% is just being pocketed when we have outlined clearly and openly what the 3% is allocated for.
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sevoque (OP)
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February 14, 2014, 01:46:46 AM |
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I know good coins when I see them and this is just a flat out pump and dump coin.
Once this coin hits a market they will dump the entire premine for a quick cashout.
Guys, i've been responding to the same 3 questions over and over. Please go back in the thread and look for an explination as to what the 3% represents, it says it on the front page.. no one is forcing you to mine and whilst we appreciate the feedback, you are free to go for whatever coin you choose =)
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hamiltino
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February 14, 2014, 01:47:14 AM |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence. I agree, 3% is not small change, neither is 1% - the point I was trying to make is that you cannot compare vertcoin to a coin that has disproportionately larger reward structure as more would be mined in the same time frame relative to the coins rewards. You are overlooking what that 3% represents and I think you are assuming that for whatever reason that 3% is just being pocketed when we have outlined clearly and openly what the 3% is allocated for.
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stacking coin
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ultrastructure
Member
Offline
Activity: 111
Merit: 10
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February 14, 2014, 01:48:11 AM |
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Just a friendly warning: The vertminer permanently fucked up my sapphire 280x, several other miners have reported having their cards damaged from using the vertminer. Mine this coin at your own risk
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chickenliver503
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February 14, 2014, 01:49:33 AM |
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Just a friendly warning: The vertminer permanently fucked up my sapphire 280x, several other miners have reported having their cards damaged from using the vertminer. Mine this coin at your own risk
so it that the modified cgminer or a different miner
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sevoque (OP)
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February 14, 2014, 01:51:07 AM |
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op sounds like a scum, this coin will not come close to dogecoin just from that fact alone.
its true, i am a total scum i say scum because you boast about pumpuing dogecoin, calling highs and lows like you are a genious. You also take a 3% premine. Money hungry + big ego = scum Not saying you are a bad person in real life, i am just judging your internet persona from your text. dude, i think you are confusing me with wolong.. who is an angel
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zorkafdo
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February 14, 2014, 01:53:08 AM |
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Will the password for the unzipping the wallet shared already or will it be available only after launch?
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PhattyBanks
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February 14, 2014, 01:54:56 AM |
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Just a friendly warning: The vertminer permanently fucked up my sapphire 280x, several other miners have reported having their cards damaged from using the vertminer. Mine this coin at your own risk
where
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sevoque (OP)
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February 14, 2014, 01:55:38 AM |
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Will the password for the unzipping the wallet shared already or will it be available only after launch?
absolutely, after launch, we are not giving out the password until 00:00:00 on timer =)
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SecretWolf
Newbie
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Activity: 62
Merit: 0
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February 14, 2014, 01:56:11 AM |
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Will the password for the unzipping the wallet shared already or will it be available only after launch?
It will be available after wolong and his crew decides they have premined enough
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mcg
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February 14, 2014, 01:57:39 AM |
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if ( nHeight == 1 ){ nSubsidy = 3000000000*COIN; }
its instapremined. dont need to mine more then 1 block that is.
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