MaxCoin has been updated to reduce the total coin supply and the current block reward, this was requested by a large number of our users and has been implemented at their request. The hard fork will take effect from block 140000, this Thursday evening. Please ensure your wallet is updated by this time.
The new specifications are as follows:
BTC 48 MAX per block
BTC A total of ~100,000,000 coins
The updated wallets, v0.9.0, are available via GitHub or the MaxCoin website.
The new specifications are as follows:
BTC 48 MAX per block
BTC A total of ~100,000,000 coins
The updated wallets, v0.9.0, are available via GitHub or the MaxCoin website.
Mining maxcoin is somewhat more profitable as compared to mining VTC (due to the lower electricity cost for SHA-3).
This does not only change that for the worse, but also makes it look like some ponzi scheme as in: Mine early, hold your coins, when we're not satisfied with the current market pice + our wallet is full of coins we will alter the parameters of the coin to drive the prize up.
Pathetic...
The thing is nothing really important changed, price went up short-term to compensate for less coins to be mined in the future and that's it. Majority
of miners are still at 1gh pool allowing them to 51% attack MAX at any moment or at least earn the highest mining fee in the sector. Nothing of any
real importance is added to Maxcoin yet. To reduce coin generation is a minute job and it actualy helped just insiders and lucky traders, those who
started buying MAX at 0.0003 BTC or less. "A total of ~100,000,000" is also major bullshit, value must be specified exactly in the code at some point.
There is no ~ in programming languages. If devs can't do the math and come up with exact number of total coins than they better ask for help, to
post shits like that one is far from serious business. Around 100M coins could easily mean 90M or 110M, values which affect coin valuation big time.
But the real proof of MAX actualy being shit is 1gh still having over 51% hashrate and price not dropping more and faster. Try the same with Bitcoin
or Litecoin, where majority and major investors actualy understand what 51% attack means.
