STOP MINING SHIT COIN My hashrates 500 MB get 7 bittor /day. Dev has a premine 3300 coins = 471 day mining with hashrates 500 MB. Get out From specs:
1 coin per generated block for the first 600k blocks, 0,5 between blocks 600k and 1.2M, 0.25 between blocks 1.2M and 1.6M.
POW TOTAL 1000 coins
600+300+100=1000
how it could be 3300 premine?
someone wants to lower the difficulty ?
Your calculation is wrong, please multiply by 1000! E.g. 600k block x 1 = 600,000 coin, not 600... and the total coin 1M (1,000,000)
explain please
how many blocks totaly?
why it is mine so slowly?
In the first post of this thread you can see that there is a limit of 1M (=1,000,000) coins (Look at specifications).
(Commas are thousand separators)
First 600k (=600,000) BLOCKS generate 1 coin per block: 600,000 blocks x 1 coin= 600,000 coins
The next blocks from 600,001 to 1.2M (=1,200,000) generate 0.5 coins: 600,000 blocks (1,200,000 minus 600,000) x 0.5 coins = 300,000 coins
Blocks from 1.2M (1,200,001) to 1.6M (=1,600,000) generate 0.25 coins: 400,000 blocks (1,600,000 minus 1,200,000) x 0.25 coins = 100,000 coins
Blocks from 1.6M upwards generate 0 coins.
Makes in sum: 600,000 coins + 300,000 coins + 100,000 coins = 1,000,000 coins
I think that the premined 3,000 coins are part of the first 600,000 coins
I hope I cleared it up (I also mixed up blocks and coins at first - but it's simple mathematics...)
And it's so slow because some big hashrate left the mining and the difficulty is "only" slowly falling. When the difficulty reached the correct value (when the block time has fallen to 2 minutes) it will be "fast" again. Don't forget that there is an algorhythm to calculate the diff.