Can anyone enlighten me, why is this coin so popular, I see huge buy requests in this tread ??
I think it was the interest that was generated at the beginning of the coin, at first it was 15 million to be mined and 15 million given away to people. it got deleted on bitcointalk and ecoiner in giveaway phase. now its just 15 million mined. distribution would of been better if half had been given away, now anyone with a farm can own 60% of the currency themselves now, and with the proof of some guy having 1gh/s almost mining away 10 minutes or so ago
That 1gh/s was mining for about 10 mins, I don't think that got 60% of coins or even .06%.
Mining at over 60% of hashrate would give over 60% of coins, Saying anyone with a farm can take a majority of the coins still stand. Doesn't mean its going to happen exactly like that, but if you have a coin that is insta mined in 3 days, someone with a huge farm or multiple farms can point their machines at the pool and in less than 3 days own a huge huge majority of the coins.
The blocks generated in the same time period, even if you own 90% of the hash rate the difficulty will be so high.
Its true that you will get the biggest share from the founded blocks on the pool, but the pool will found the blocks at the same rate.
So you will only get a bigger percent from the block, but the block are mined at the same slow rate. Perheps you wouldn't reach 1 million coin.
how the hell does that even matter? if 15 million coins are being distributed in 3 days, and someone owns a majority of that hash rate during those 3 days, they will own a majority of those coins. It doesn't matter if the blocks are found at the same average rate and that the difficulty will adjust.
If someone mines with a majority of the hashrate during the very very short duration of mining time. they will own a majority of the coins
So basically you're saying you hate democracy?
Incorrect, try again, you might just get it right this time. I will give you a clue, actually read what i said instead of inserting your own shit into it
