You have to wonder at the motivation of people dumping at 2 Sat. With 40MH/s I would be getting approximately 9m ECC per day with diff 17. Dumping at 2 Sat would yield a whoopity doo total of 0.18 BTC or 0.0045 BTC per MH/s per day. Less than just mindlessly sticking rigs on a multipool and waiting for the BTC to roll in directly.
I was just reading back through the MINT thread, and it had a similar problem when it first hit a few exchanges. Dumping at 3-4 Sat and people proclaiming that it was dead. It wasn't long before it was into double digits, then 20-25 Sat, and 30-35 Sat, before finally peaking at > 50 Sat. I wonder how the 3-4 Sat dumpers felt when they saw that?
70 billion MINT vs 50 billion ECC, and < 17 billion of those ECC to be mined during the POW stage. But hey, math is hard, so keep dumping at 2 Sat without regard to actual production cost or comparative value. Cheap coins for the rest of us.
I was just reading back through the MINT thread, and it had a similar problem when it first hit a few exchanges. Dumping at 3-4 Sat and people proclaiming that it was dead. It wasn't long before it was into double digits, then 20-25 Sat, and 30-35 Sat, before finally peaking at > 50 Sat. I wonder how the 3-4 Sat dumpers felt when they saw that?
70 billion MINT vs 50 billion ECC, and < 17 billion of those ECC to be mined during the POW stage. But hey, math is hard, so keep dumping at 2 Sat without regard to actual production cost or comparative value. Cheap coins for the rest of us.
yea i was one of the peeps that held mint to 52 sat.. sold 2.8 million worth!!! it was a good day... but i think eccoin can go 70+
And what you see is truer not what i say...