Virtual Mining Coin - IPO

[somogyipeti]

Virtual Mining Coin (VMC)

(The first crypto currency with collateral security)

virtualminingcoin.org

Launch date: May 3, 2014, UTC +01:00

What is Virtual Mining Coin?

More than 200 altcoin exist in the world today and most of them have no real value . The virtual mining coin is the first crypto currency is backed by collateral, ensuring that the coins value will never become 0.

The VMC scrypt-n based mining (which is ASIC resistant), can be for anyone, from any computer.


10% of the 100.000.000 coins will be pre-mined, and the 80% of the pre-mined coins will be shared proportionally among those involved in the IPO.

The full amount of IPO  will be invested in cex.io, and will be kept in GHS. BTC produced by the GHS daily reinvested to ensure a steady increase in the coverage of our coin .





The amount of funds are generated continuously, will be visible to everyone on our website.

60 days from the launch of the mining the mined coins are going to be redeemable at any time,  at the current coin value. Actual coin value  displayed in GHS  which is also will be visible to everyone on our website.

The calculation of the current value of the coin: all GHS we have / 100.000.000 coin

What is CEX.IO where we have GHS?

CEX.IO - is the first and leading commodity exchange in the Bitcoin community. Here we can buy or sell GHashes for the Bitfury ASIC chips or just trade on the increase or decrease of chip values. We simply purchase GHashes in the exchange and we will instantly become an owner of GHashes that are making income for us.

Official Website:

virtualminingcoin.org

Specifications:

                                    
                                                                                       - Transaction Confirms: 5
                                                                                                            
                                                                                       - Block Confirms: 50
                                                                                      
                                                                                       - MAX Coin: 100.000.000
                                                                                      
                                                                                       - Block value: 171.2
                                                                                      
                                                                                       - Block Time: 60 Seconds
                                                                                      
                                                                                       - Retarget: EVERY 5 blocks / 5 Minutes
                                                                                      
                                                                                       - KGW Implemented with TIMEWRAP FIX
                                                                                      
                                                                                       - SCRYPT-N ADAPTIVE (ASIC resistant)
                                                                                      
                                                                                       - New features: The wallet is a Static build, which means there are  no DLL files required to run the wallet.

                                                                                       - Premine: 10% (80% of the pre-mined coins will be shared proportionally among those involved in the IPO.)
                                                                                                       Other 20% for the maintenance, developing and the bountys.


                                                                  

[byt411]

What an idiot. You clearly don't know how to run a business.

"The full amount of IPO  will be invested in cex.io, and will be kept in GHS. BTC produced by the GHS daily reinvested to ensure asteady increase in the coverage of our coin ."

First, if you reinvest daily, you are losing money, since cex.io now has trading fees. Don't tell me you didn't know that.

Second. The price of gh/s on cex.io is going down. If you invest, you will lose money. Wow. Nice coin, backed by a declining value.

By the way, your collateral is rubbish. The price will only go down. Even just taking the btc and leaving it as it is is better.

[sporket]

What an unfortunate choice of name -- Virtual Mining Coin.  VMC.  Like the eponymous VMC, Virtual Mining Co. -- the long con better known as Active Mining.

Tragic coincidence, OP, tragic.

[byt411]

What an unfortunate choice of name -- Virtual Mining Coin.  VMC.  Like the eponymous VMC, Virtual Mining Co. -- the long con better known as Active Mining.

Tragic coincidence, OP, tragic.

Virtual Mining Coin is a crappy name anyway. This coincidence makes it even crappier, since I own shares in ActiveMining and the recovery of shares has been delayed and delayed and delayed.

[pedrog]

This is hilarious!

[byt411]

This is hilarious!

Exactly. Using something of a rubbish value to "back up the value of a coin".
Does the US gov need stuff to "back up" the US dollar? No.
Why does it have value then? Because people think it does.

[damiano]

Shouldn't this be in the alt coin section?