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Lucif3r
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June 19, 2014, 03:22:01 AM |
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How do you have a "<0.001% premine" (which would be 250 coins or less) while offering up at least 1000 coins in bounties? Are these bounties supposed to be paid by the pools? Or maybe the premine is actually 25,025 coins, which would be a "<0.1% premine"? I'm guessing the latter, as the 25025025 total coins with 1000000 blocks would make that work mathematically. Obviously, being off by a factor of 100 in your text is more than a bit concerning. If you can't do math properly, why should anyone trust you to make a proper cryptocurrency and keep it running for 9.51 years?
Hello, I have not been too clear about the premine. If you start from 50 coins and decrease by 0.00005 coins after every block you get a total of 25,000,025. Before this begins, we have changed the payout of the first block to make it worth 25,000 coins. This is where our grand total of 25,025,025 coins comes from. 25,000 are premined, and 25,000,025 are the result of the linear decreasing block reward. Simple maths: 25,025,025 = 100% 2,502,502.5 = 10% 250,250.25 = 1% 25,025.025 = 0.1% 2,502.5025 = 0.01% 250.25025= 0.001% Only move dots to every 0 you move... your premine is near to 0.1% not 0.001% go back school before launch crypto plz. ROTFLMAO! Every developer/programmer that can't do such simple math is questionable, especially in cloning crypto coin.  |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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novag
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June 19, 2014, 11:10:26 AM |
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This idea from Microcoin.
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whatdidshedo
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June 19, 2014, 07:53:05 PM |
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so how many months or years of mining to match the premine??
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minerpools
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June 19, 2014, 08:04:52 PM |
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http://linear.minerpools.com
- block finder bonus
- 1% fees
- Fast and powerful Dedicated server
Pre-register now!
Dev, please add us to OP stratum+tcp://190.143.38.247:4027 -u Weblogin.WorkerName -p WorkerPassword
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jorrr
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June 20, 2014, 02:37:29 PM |
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I don't want a coin that goes linear, must go vertical. up up up!
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DarkAGeS
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June 20, 2014, 07:17:15 PM |
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so how many months or years of mining to match the premine??
only 2 days |
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ereborltc
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June 20, 2014, 11:54:31 PM |
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Hey Dev, whats the future plan for this coin?
i have 1000MH/s on x11, great choice of algorithm, might mine this coin
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minerpools
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June 21, 2014, 01:02:26 AM |
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Launch's scheduled for tomorrow, don't forget to pre-register and be ready for launch! http://linear.minerpools.com- Block bonuses! - 1% fees! - Fast and powerful dedicated server |
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jimlite
Legendary
 Offline
Activity: 1848
Merit: 1018
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June 21, 2014, 02:57:29 AM |
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This coin is retarded and backwards!
The coins should start at 0 rewards and go UP each block not down.
So the dev and big farm instamines it and it gets harder and
harder to mine while dev has all the pre-mine to dump.
Nice, try again.
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sovie
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June 21, 2014, 05:35:43 AM |
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ABSOLUTE EPIC FAIL FULL FARM AND DEV PREMINE WITH ALL THE POOLS READY FOR IT HOW RIDICULOUS COULD YOU BE I MEAN REALLY  |
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jc12345
Legendary
Offline
Activity: 1638
Merit: 1013
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June 21, 2014, 06:13:30 AM
Last edit: June 21, 2014, 06:31:10 AM by jc12345 |
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You should have done what Minerals did and limit the max hash, however controversial that may be. The big farms (700MHs+) are going to rape this coin to the bone and accumulate 80% of the coins, it will have a very poor distribution as a result and the big farms will dump their coins on the exchanges at the first opportunity. Then the coin is dead. At least the big pools and big farms will make money out of it.
And you will have to be quick to dump your premine before the big farms and pools do.
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sq
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June 21, 2014, 06:55:40 AM |
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Almost there!!!
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edmundduke
Legendary
Offline
Activity: 1624
Merit: 1007
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June 21, 2014, 08:31:22 AM |
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This is the first coin that i will try to mine straight from start  Lets hope i can make something out of it! |
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Vizakenjack
Newbie
Offline
Activity: 38
Merit: 0
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June 21, 2014, 09:49:14 AM |
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This is scam.
0.1% premine means 25000 coins? Looks fair enough, BUT...
5 min block time = 288 blocks per day, 50 coins per block. It's about 14400 coins. After a week there will be about 100 000 coins (INCLUDING so-called "halving"). So your ~0.1% premine converts to 25% (INSANE!)
I'm pretty sure, dev will dump it all as soon as it hits bittrex.
The ONLY WAY - release it with a transparent premine with about 1000 coins.
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scorpio18
Legendary
Offline
Activity: 1680
Merit: 1000
Admin of CoinMiners Pools
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June 21, 2014, 10:11:23 AM |
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Vlizzjeffrey
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June 21, 2014, 10:50:47 AM |
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SCAM, PREMINE IS MORE COINS THEN 2 WHOLE DAYS OF MINING FOR THE WHOLE NETWORK
DONT MINE THIS FUCKING SCAM COIN
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Muhkel
Newbie
Offline
Activity: 62
Merit: 0
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June 21, 2014, 11:07:37 AM |
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EU-POOL.MINE.NU is not part of this coin, sorry, we are out.
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