In looking at the pool stats, if I throw one of my rigs back on this coin at 3.5 mh/s I will be lucky to get .3 of ONE coin. For a currency that was premined of 200 million and has a total of 600 million........this is SENSELESS..........or I and others are missing something here.
You have access to 200 million of these things and yet have made it near impossible for anyone else to mine some decent coins........AND you say this coin will see no less value than $10 per coin..........GREAT for you guys........fuck, I could use a cool 2 billion dollars myself lol. So is it that we are all supposed to throw endless resources trying to mine MINISCULE amounts of coin to make the value you need to dump your 2 million and leave us all stuck with electricity bills we cannot pay back?!?
I am not trying to be a jerk here or get myself labeled as a fudster, but this makes absolutely NO sense as to what is going on here!!! How the hell is you can hold 200 million of this damn thing and we can't mine a single fucking coin without throwing hundreds of dollars at our electrical provider??! Does it not concern you that EVERYONE else appears to have the exact same concerns and are staying the hell away from this coin............4 miners and a net hashrate of 4 mh/s........dude, this is NOT good!
No you are exactly right. OP keeps saying the 200m pre mine is for the bank and because "major companies" are backing it. My question is...backing what? A coin too hard to mine, on no exchanges, nothing innovative, no marketing and have an apparent value of $10 a coin? Absurd.