Another dead coin is Baconbits. I deleted my wallet some time ago, but I think there are probably a few people left with some bacon in their computer.
Coin was pre-mined supposedly for giveaways and advertising. No one seemed to mind that. I think it was 2% or something like that.
Coin launched hard, as was nailed by Multipool. Coin came in with low difficulty and retargeted every 800 blocks or so. Blocks we being found in the tenths of a second rather than the 1 minute they were supposed to be found in. Then the multipools stopped once the difficulty ramped up a bit. Leaving the coin with a 3 hour block time, which later turned into about a 1 day block time. I had a few people get together and ask the dev if we mined through to the retarget, would he pay us some of the pre-mine to compensate for it. He said sure, but never ended up paying a single piece, instead wanting to keep it all so he could dump it once it got on an exchange.
It didn't make it that far, as the miners left after he wouldn't let go of any of the rewards.
I thought all cryptocurrencies end up with the word coin. Interesting Baconbits!
Are those deadcoins are just dumped and forgotten? How about those who have lots of investments on it?
