hi..why does the block reward severely punishes early miners?
I can understand first few blocks to prevent instamine but the rest??
We don't want a few early miners to dump their coins. The low reward will compensate with low difficulty and we should get to the next reward tier in a few weeks. Once that happens miners will see a slight increase, and the rewards should maintain a flat structure with no halving or real increase as long as the network grows over time.
No windows wallet?
It's coming
mac wallet, and android wallet on their way as well.
the info on your site is wrong.It says "2,100 Coins per-block for the first 1,048 blocks" and so on.
Even with low difficulty at firsts blocks there isnt any point suporting this coin by mining from start, as you ll proly get less coins if you are from start than start from day 2.This has alot of propability to punish and give lesser coins even after day 2 .Things are a bit stable at around 19k blocks.That s when a miner should start but still block reward is again low.
Now who has benefit from all of this?The one that has premined 105.000 coins and will be in value for along period with this block reward system.
Almost all coins dumped at start but if developers has something good to offer the coin gains value.So if u are afraid of the coin be dumped means u dont have actually something good to offer and just try to keep it s value by this silly block reward system and profit.
Gl guys