I'm not sure how the math works here, although perhaps I am misunderstanding.
My quick thought process here:
For 50 cents FIAT you can buy a AAA coin in the ICO
On the 10th it will be minable, and is a Scrypt ASIC with the stats as listed.
Surely on the 10th when it's minable, it will be a lot cheaper to get some hash power and mine many coins than if you had purchased in the ICO?
For example, about $5 worth of hash (500MH for 6 hours for example) is going to net me ~100 coins (at least).
So the cost value of the coin is going to be 5 cents FIAT (which is still way above what I'd expect a Scrypt coin to list for on an exchange).
tl;dr - The mining component is going to destroy value of the coins purchased in the ICO unless you basically sell every coin in the ICO.
For my own benefit/knowledge, I'd love to see how you've done the math here with valuations. Perhaps you could graph it out for us?
My quick thought process here:
For 50 cents FIAT you can buy a AAA coin in the ICO
On the 10th it will be minable, and is a Scrypt ASIC with the stats as listed.
Surely on the 10th when it's minable, it will be a lot cheaper to get some hash power and mine many coins than if you had purchased in the ICO?
For example, about $5 worth of hash (500MH for 6 hours for example) is going to net me ~100 coins (at least).
So the cost value of the coin is going to be 5 cents FIAT (which is still way above what I'd expect a Scrypt coin to list for on an exchange).
tl;dr - The mining component is going to destroy value of the coins purchased in the ICO unless you basically sell every coin in the ICO.
For my own benefit/knowledge, I'd love to see how you've done the math here with valuations. Perhaps you could graph it out for us?
I like your questions. Very professional. Your assumption would be correct if you believe the mining is only available after the ICO. The mining is being done as we speak by early investors. By the time ICO is over, only minting through PoS will be left.
So basically mining is just a joke. all are "pre-mined" or private mined! then why you even announce as POW!?
Because it is a function and it is available. Not for all... But it is there. Early bird eats the worm.
we are early bird here but got nothing to eat the way I sees it. So it is pure $ game. you use the $ to start instead of mining power to start. So this is NOT POW from community view.
looks like have to delete the wallet and move on and this is just a PURE buy and sell ICO
