Fair launch:
Since this is a new PoW, it is very hard to define a starting difficulty that avoids instamining. To overcome this and contribute to a fair launch, the first 576 blocks will have no reward and the next 576 will linearly increase and reach the full reward at block 1152, after 4 difficulty adjustments were performed. Besides avoiding instamining, this should allow time for those who want to compile their own clients.
Mining
Okay, so you want to tell us something about a fair launch?
Lets put the facts together:- The difficulty was insanely high from the start
- There was no mining pool at the beginning
=> People have to solo mine this coin. But because of the extreme difficulty, you can't even solve a block with 50-100 CPUs in reasonable time (~48h).
So, who is the winner of this coin? => Just a handful miner / botnet owner who have extreme capacity (> 500 CPUs) to solve the blocks. The do get the FULL reward, whereas miner with decent CPU capacity have nearly no chance to get somethink. This very unfair situation remains until there is a pool available. Until then, the few miner will squeeze everything out of that coin and this is called something like "INSTAMINING"!
This launch was just like on most altcoins a huge fail.
Either the difficulty had to be adjusted so that everyone has the chance to solve some blocks or you had to setup a pool for the launch.
Let there be no misunderstanding: I am not asking that everyone should already mine >1k coins in the first few hours.
But it's just not ok when a few people own almost all coins from the start because they are the only ones who have a decent chance to solve some blocks.
I'm done with this. Pretty sad because I had some hope in this coin because of its innovative algo.
But maybe it's interesting for the other people to know, what you mean with "fair launch".