Topic: [ANN][CACH] CACHeCoin released based on scrypt-jane - page 98. (Read 224425 times)

Already over oO?!

Sent 50 cach for all the hard work

Could someone explain the the differences between CACH and Vert, besides the PoS? I can see that they have a quite different approach to the N-factor:
For example, Vertcoin began at a N-factor of 10, while CACH began at 5.

Thanks kalgecin!

For some stats, have a look over here:
http://stats.cachecoin.org/

and some recent charts:

http://stats.cachecoin.org/charts

There will be some more updates today, I will also add poloniex exchange data to the charts.

For those who are not yet aware, @mrpj is making a wonderful job on the cachecoin stats and explorer subdomains. For his work, I'm giving him 150 CACH, any more donations/tips for him should go to
I'll send him whatever is there when he's done

Poloniex Cachecoin giveaway started: https://poloniex.com/giveaways

I do not smoke.


So 0 mined then. Not like....150 coins, which is more than 1 days volume on the exchange right?

Premines

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Vertcoin didn't have a premine, I dunno what this guy is smoking.  It was a fair launch coin that started with normal, Litecoin diff algo.  

The first pool operator, Ziga "The French Connection", even could have put something like 100mhash on it himself when difficulty was low but didn't.  Most people who mined on the first day didn't even hold their coins and sold them.  If you mined right from the opening on http://pool.pm with 3-4mhash or so, and never stopped for a few days, you would have gotten around 3000-4000.  Not many people actually did, because what coins blow up and which ones don't is very unpredictable.  Out of the few people that did mine it from day 1 and stayed on it, most of them sold off for pennies.  It's possible some people could have made lots of money from it, but most people did not hold.  VTC distribution is about as good as it gets for an "alt coin" and there are tons of people who are kicking themselves for not having bought some when it was selling for literally pennies.

At one point, even when people were noticing the coin had promise and prices started to rise, I remember seeing that you could buy the entire sell wall and get 16,000 for .5 BTC, I think on Coinedup.  That means you could have turned $400 into $160,000 without even having mined it at all, and buying during an uptrend.  The coin sold for so cheap for over an entire week, that anyone who mined early wasn't even rewarded for doing so when anyone could come along and buy far more than you mined on day 1 for nothing.

I had 3-4mhash on it at release on pool.pm and got, I don't remember, 2-3000 the first day.  When it was placed on Coinedup, I could have bought the same amount for the cost of a trip to Burger King for the next 3-4 days.

Moral of the story is, any coin that has any kind of potential whatsoever, you should buy some near release when its drastically undervalued.  The next coin that blows up like VTC will probably be Microcoin.  It's ridiculously undervalued in the same way VTC was.

Premine - None
There is no premine except three, normal blocks done to test the network (150 coins).  You can use the block explorer below to look them up.  Unlike many other coins, no one has received a large amount of free coins to dump on an exchange.

Vertcoin was premined. Cachecoin was not.

So why so many confirmations for mined blocks?  This seems a bit too long.