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Topic: [ANN][GIARCOC]GIARCOIN *SCRYPT N FACTOR*KGW FIX*POLONIEX BITTREX EXCHANGE!! - page 30. (Read 45508 times)

member
Activity: 84
Merit: 10
early adapter need some reward. why would people mine this when hey will get no payout

If there is any quantitive amount of interest in the coin from large pools, it will instantly be not solo-mineable. If the coin does not gain attention & interest pre-launch, then there may be no need for the low initial rewards. Thats to be determined I suppose. Depending on the reward & block timing structure, a few 100 blocks could be rifled threw in a matter of a few minutes. A rolling start is good for a few things: 1) It prevents Shady pools with source code's that start earlier than everyone else (usually only seen when a coin is also to be launched on a trading market at the same time )  2) It allows every one to get onboard, and not mis out and when actual rewards & KGW kick in, its fair for everyone. I'm sure theres other reasons that are pretty obvious too.
legendary
Activity: 3248
Merit: 1070
early adapter need some reward. why would people mine this when hey will get no payout

this

antiinstamine isn't that good as you think, in this way you are only giving more to the whale miners

fair distribution based on hash isn't fair at all, fair mean everyone should have the same

whoever comes first should get more coin, bitcoin was the same, first came first serve

early adapter need some reward. why would people mine this when hey will get no payout

No. It's not true that early adapter need reward. It's just whales with hundreds mega hash power wanting to instamine it and dump it and ruin it. Nothing else.
Most of altcoins have been ruined like this.

then you are just saying

"small miner go fuck yourself, you won't get anything here"

someone said that he want to create a coin that limit the power, i hope one day this become true, tired of all those with 300 280x that kill every coin
member
Activity: 84
Merit: 10
early adapter need some reward. why would people mine this when hey will get no payout

No. It's not true that early adapter need reward. It's just whales with hundreds mega hash power wanting to instamine it and dump it and ruin it. Nothing else.
Most of altcoins have been ruined like this.
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
early adapter need some reward. why would people mine this when hey will get no payout

Edit: don't we have enough coins out already? there is no need to this
member
Activity: 84
Merit: 10
May I suggest a 'rolling' launch, say the 1st 100-300 blocks only have a small reward, then KGW & actual rewards kick in.This has been done a few times with great results.
sr. member
Activity: 448
Merit: 250
At least all the pre ann stats are good! Smiley

full member
Activity: 182
Merit: 100

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Code:
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giarcoin-qt
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cd ..
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make
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