And once more repeats the history. People mostly do not read the forums and have no idea of the inside of the coins. Like litecoin instamine.
there is no such thing as an
Instamine.
all coins are mined relatively equally.. it's a sliding mathematical scaled based on a simple concept.
and that is, The more popular a coin is the more it gets mined.
oh and if the coin was deliberately designed to pay out way too many coins at the start then that would be called a
Scam !
then the question would be how do you define too much ?
then you look at the average coin and compare..
If Litecoin or whatever is like 80% of all other coins in design then..
There is such a thing as an instamine. It occurs when a coin is released with very low difficulty and a few powerful miners jump on it and take a huge numbers of coins in a short space of time. The difficulty then goes up and everyone else is left mining a fraction of the coins for the same or more effort.
well this is going off-topic now and i apologize everyone that is my fault
all i can say about that it's probably better we discuss that elsewhere and yeah i know full what an instamine is..
what i was referring to is what is defined as one.
because if you look around you would have no choice but to come to the conclusion the majority of coins were instamined.
either because of.
a) The coin parameters
b) Popularity
c) Combination of both.
So in an effort to be fair i said it doesn't exist..
As in.. if we all had aids ? "then no one has it".. ever heard of that analogy ? (i took it from Tosh.0 from his "Twisdom" segment)
And yeah i know bad analogy but it's the first that came to mind.. i could probably find many others have posted.. it's a common concept.
I just can't fathom how people deny this in our scene perpetually and rail on about unfair scams.
It just doesn't make sense to me from a logical stand point.
And don't forget i am "Mr.Conspiracy" here i am all for screaming scam so.. lol
anyway yeah NXT.. ahhaha
by the way TOKnormal that was pure fail i don't see a reason to respond to you in depth on that sorry.