wow some moron dropped 800+mhs on pool
Yeah pretty crazy!
At least the difficulty has increased finally... Hopefully this is the start of some good things to come for this coin and a reasonable price on exchanges!
the price will be destroyed buy this guy with 800mh.he is getting 1 mill + coins a day.he will dump this into the ground when an exchange gets it.as soon as a dev works out how to fairly distribute a coin it will explode in the crypto scene.pretty much now its who ever is rich and can afford the most hashes.exactly what happens in a governed society.rich get richer and the poor get poorer.crypto is losing its decentralised state in away cause a few big miners rape a coin than control the market of that coin quite easily until they kill that coin and move on. coins are really centralised around a handful of rich miners.
Hmm, agree somewhat, but mostly disagree..
The 800mhs miner will not get a million coins in a day, he will get maybe 300-500k after the first day, and A LOT less after the difficulty adjusts further. Yes that is still a large percentage, but not one that he would be able to control the entire coin with or anything.
Also, you've got to remember that it is probably a miner that has hired hashes for a day or so to mine this coin, and he would be PAYING A LOT, probably over $1k for the single day of hashing power. Will it pay off, who knows? If this coin gets some value, yeah it probably will, but he would be mad to dump the coins down to a price lower than what the hashes cost him.
I think after a few days once the mining stabilizes then this coin could grow to have quite a bit of value
