ftresfi (OP)
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September 11, 2014, 11:34:00 PM |
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SRC after launch
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altpooler
Full Member
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Activity: 122
Merit: 100
Developer & Pool Operator | AltPooler.com
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September 11, 2014, 11:46:16 PM |
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A 2% premine of 21,000,000 coins with a 10 minute block time will allow the dev to hold a tremendous share of all available coins for quite some time.
Look at this math and make your own judgements.
Premine - bounties: 368,000 coins
10 min blocks = 144 blocks per day 144 blocks per day = 7,200 coins per day
10 days after launch: 492,000 coins in total (420,000 premine + 72,000 mined coins) Dev's remaining premine equals 75% of all existing coins
20 days after launch: 564,000 coins in total Dev's remaining premine equals 65% of all existing coins
50 days after launch: 780,000 coins in total Dev's remaining premine equals 47% of all existing coins
100 days after launch: 1,140,000 coins in total Dev's remaining premine equals 32% of all existing coins
365 days after launch: 2,628,000 coins in total Dev's remaining premine equals 14% of all existing coins 1 year after launch
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GlobalBoost-Y (BSTY) Pool: http://bsty.altpooler.comGapcoin - The largest, decentralized prime gap search https://bitcointalk.org/index.php?topic=822498.0Beta launch of our new mining pool is currently scheduled for January 5, 2015. We will feature Unitus merged mining for the yescrypt algorithm upon launch. If you are a CPU miner and would like to help test our yescrypt merged mining implementation, please send me a PM for stratum connection details.
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Monkeys
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September 12, 2014, 12:42:35 AM |
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A 2% premine of 21,000,000 coins with a 10 minute block time will allow the dev to hold a tremendous share of all available coins for quite some time.
Look at this math and make your own judgements.
Premine - bounties: 368,000 coins
10 min blocks = 144 blocks per day 144 blocks per day = 7,200 coins per day
10 days after launch: 492,000 coins in total (420,000 premine + 72,000 mined coins) Dev's remaining premine equals 75% of all existing coins
20 days after launch: 564,000 coins in total Dev's remaining premine equals 65% of all existing coins
50 days after launch: 780,000 coins in total Dev's remaining premine equals 47% of all existing coins
100 days after launch: 1,140,000 coins in total Dev's remaining premine equals 32% of all existing coins
365 days after launch: 2,628,000 coins in total Dev's remaining premine equals 14% of all existing coins 1 year after launch
Yep, nice try Dev.. Kill the pre-mine or change the block reward and / or block target time, or you kill this coin.
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catecoco
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September 12, 2014, 12:45:32 AM |
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logo gif seems great!
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ftresfi (OP)
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Activity: 22
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September 12, 2014, 08:24:37 AM |
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ObscureBean
Legendary
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Activity: 1148
Merit: 1000
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September 12, 2014, 08:50:14 AM |
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I don't really mind the premine. I would mine this coin but 10 mins block combined with low reward of 50 coins per block is too much. And as others have said, because of this setup, your premine comes off as disproportionately huge. If you want to keep the initial reward at 50, you should reduce block time to 60 sec and mess around with the halving instead. This way, people with lower hash rates can also get some coins in the early days. Once the coin is established on a decent exchange and more people get involved with the coin, it won't really matter that the coin gets harder to mine with the halving. You just need to provide enough incentive for people to point their miners at this at launch.
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ftresfi (OP)
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Activity: 22
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September 12, 2014, 10:53:51 AM |
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ROBERTO
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Activity: 1421
Merit: 1001
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September 12, 2014, 05:22:19 PM |
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balk
Newbie
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Activity: 75
Merit: 0
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September 12, 2014, 05:50:31 PM |
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A 2% premine of 21,000,000 coins with a 10 minute block time will allow the dev to hold a tremendous share of all available coins for quite some time.
Look at this math and make your own judgements.
Premine - bounties: 368,000 coins
10 min blocks = 144 blocks per day 144 blocks per day = 7,200 coins per day
10 days after launch: 492,000 coins in total (420,000 premine + 72,000 mined coins) Dev's remaining premine equals 75% of all existing coins
20 days after launch: 564,000 coins in total Dev's remaining premine equals 65% of all existing coins
50 days after launch: 780,000 coins in total Dev's remaining premine equals 47% of all existing coins
100 days after launch: 1,140,000 coins in total Dev's remaining premine equals 32% of all existing coins
365 days after launch: 2,628,000 coins in total Dev's remaining premine equals 14% of all existing coins 1 year after launch
technically as user asdf55 pointed out it states that there are 21,000,000 million coins not 21million...this could be a mistake or even a bigger scam than it already looks
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Mr.Silver
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September 12, 2014, 06:49:33 PM |
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logo gif seems great!
+1 yes, looks good, we will see what happens with this coin what exchanges plan to enter?
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Sev0
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Activity: 37
Merit: 0
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September 13, 2014, 08:56:40 AM |
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ftresfi (OP)
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Activity: 22
Merit: 0
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September 13, 2014, 02:58:29 PM |
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Who make wallet for android ?
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RedZeppelin
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Activity: 70
Merit: 10
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September 13, 2014, 03:26:00 PM |
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A 2% premine of 21,000,000 coins with a 10 minute block time will allow the dev to hold a tremendous share of all available coins for quite some time.
Look at this math and make your own judgements.
Premine - bounties: 368,000 coins
10 min blocks = 144 blocks per day 144 blocks per day = 7,200 coins per day
10 days after launch: 492,000 coins in total (420,000 premine + 72,000 mined coins) Dev's remaining premine equals 75% of all existing coins
20 days after launch: 564,000 coins in total Dev's remaining premine equals 65% of all existing coins
50 days after launch: 780,000 coins in total Dev's remaining premine equals 47% of all existing coins
100 days after launch: 1,140,000 coins in total Dev's remaining premine equals 32% of all existing coins
365 days after launch: 2,628,000 coins in total Dev's remaining premine equals 14% of all existing coins 1 year after launch
technically as user asdf55 pointed out it states that there are 21,000,000 million coins not 21million...this could be a mistake or even a bigger scam than it already looks So 2% premine would equal 42000000000 coins then Lame scam attempt by the DEV to put "MNS coins" after 21000000 instead of 21000000000000...
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ftresfi (OP)
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September 13, 2014, 04:07:01 PM |
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420000 coin not 42000000000 and this is not a scam
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Jackson86
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September 13, 2014, 04:08:33 PM |
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highly premine good bye
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CoinHolder
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Activity: 112
Merit: 10
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September 13, 2014, 04:12:56 PM |
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waiting for dump premine
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KMN
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September 13, 2014, 05:24:17 PM |
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RedZeppelin
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Activity: 70
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September 13, 2014, 05:49:24 PM |
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420000 coin not 42000000000 and this is not a scam
Max coinbase 21000000 MLN coins And "MLN" stands for!? Coin is called BitLitS so technically it should say 21000000 BLS/something not MLN.
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ftresfi (OP)
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Activity: 22
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September 13, 2014, 06:27:04 PM |
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all coin 21 MLN
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