Trust me I don't want to harm your new Coin, I was hoping you would see the light, and I couldn't possibly do more harm than what has already been done to it!
I wasn't pointing to the cold storage, there were 50 thousand coins a day being mined by the 30-40 GHash while everyone went away for the last 4 months. Where is that one wallet? They wouldn't store it all in one wallet and would spread the wallets out to make it seem that they sold out since they are not on the rich list now right? You know they hold a ton of coin but that is on you not me.
I will stay out of it. I just hoped you would do something better than just move forward and make the Old Devs even richer.
I won't be buying back in. Thanks for the trading advice initially, I held like you said and dumped losing it all right before you took over. lol how poetic!
SinceSurly,
CryptoNick
You are just spreading FUD here and blowing up these guy's efforts. They said there was going to be a team change a while ago and this was not something out of the blue.
You are claiming 50k coins a day were mined. That is total BS. If it were so 50,000 * 120 days = 6,000,000 . That is more coins than currently exist. Since that whole mess happened not more than 1.5 mil coins have been mined and the hash rate has been declining ever since and hovering around 2 GH/s and much less at times for the past 2 months. Take a look here:
http://www.coinwarz.com/cryptocurrency/coins/cryptcoin .
Please look up your facts and not throw around numbers spreading uncertainty and conspiracy theories.
at Block 333391 there is only 1,081,531.25 in coins left to be mined. That is where we are now.
Hmmm the Crypt announcement is wrong?
https://bitcointalksearch.org/topic/m.9718978 It says 11 Million Coins but add up to 14.75 Million?
Distribution:
X11 Algorithm
Total Coins: 11,000,000
Block Rewards:
Block 1 to 2000: 2000 x 500 per block = 1,000,000
Block 2001 to 4000: 1999 x 250 per block = 499,750
Block 4001 to 12000: 7999 x 125 per block = 999,875
Block 12001 to 48000: 35,999 x 62.5 per block = 2,249,937.5
Longest period of PoW started on 6/27/14...
Block 48001 to 368000: 319,999 x 31.25 per block = 9,999,968.75
Total Coin Supply according to the Crypt Thread is 14,749,531.25
Even if I take all 368000 blocks and multiply them by the lowest block total 31.25 it equals 11,500,000.
From 48001 is the timeframe I am talking about and it was 159 days or 5 months 6 days from the start of block 48001. If you take 10,000,000 and subtract 1,081,531.25 you get 8,918,468.75 mined in 159 days. So divide 8,918,468.75 by 159 to get an average of guess what... 56090.998427672955974842767295597
So you have 56,000 coins per day being mined.
So tell me how you can only have 11 Million coins total when the last block payouts equal 10 Million alone?
So 50K is their averaged take away based on SuchPool.pw earnings in one day. You can say less was mined by the hash that was not listed on any pools but not by much. Everyone had left the pools. Yet the Diff spiked to 1400 and 1600. Making it very hard for other miners to compete.
Who was this hash? How much coin do you think they have? When you can actually look at the pools and see how little was paid vs how many blocks were found each day. It is that simple. I saw it day after day month after month. The Diff was higher earlier so the average may have been less but it was just as effective in discouraging miners since the coin was so cheap it would not support the costs of power! This is a tactic and now you want to revive the coin for this groups tactical advantage.
I saw the massive hash the pools were facing so you can argue about the amount of coin and who it really was, but this group was staking too and must own a considerable amount of coin. The hash eventually slowly trickled down to 2Ghash since there was no competition. No interest from miners based on market prices, and only someone who profited from the Dump would sustain that amount of hash for the means to their end game.
Prove me wrong here, please! Since it looks like I may have found something that was overlooked since we are on block 333,390 when I wrote this.