As much as it sounds crazy, what we actually need to increase Hiro price is difficulty to go up significantly. Once this takes place, all these morons who mine and sell 50 Hiros per day would move to something else and stop bringing the price down. Look at these sell orders, 50 Hiro, 40 Hiro, this is just mine and sell immediately, no plan, no strategy, no promotional efforts, nothing.
These miners are not morons. They mine and sell to make money. They do not see any future of Hiro as it is a vastly instant mined coin. Higher price would enrich the early miners disproportionally. The new miners have much fewer coins and less intensive to dump than the early instant miners.
I would like to see a coin with little instant mine and fair launch. That would give confidence to the community and more people will join.
Hiro is pre-mined? At what percentage? Wasn't aware of this
No, Hirocoin was not pre-mined to any percentage. You can go and check the source code yourself if you like. Premine code does not exist in the source.
Here is the subsidy function, and the way it's always been:
The important bit is nSubsidy = 400 (this is the starting reward)
Then: nSubsidy >>= (nHeight / 840000)
For those of you who don't understand what this means, it means that after 840,000 blocks (one minute block time, so 840,000 minutes = 14,000 hours ~= 583 days ~= 1.59 years), the reward is halved.
This code has existed since the start.
There was no premine. If there was, it would be immediately obvious in the code.
Many coins were mined very quickly, but this was just to make sure that a lot of Hirocoins were made available quickly to many different miners. These coins were mainly dumped on exchanges over a period of time, thus increasing our distribution even more fairly, as many more people will have had a chance to purchase them at a very low price. Notice that as the sell walls get broken down the price creeps up... We refuse to make any promises with pricing, because this is up to the market not us. Just keep your fingers on the pulse, guys :-)
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