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Topic: [BTB]BitBar - the current market price is consistently over 1 Bitcoin at present - page 2. (Read 3797 times)

legendary
Activity: 1344
Merit: 1001
Quote
1. 60 blocks after the genesis block were premined
2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer
3. For the premine period, 59.644201 BTB were generated in little less than 4 minutes
4. For the difficulty under 0.001 period excluding the premine period, 600.324139 BTB were created in little more than 20 minutes

http://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737

- There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic.
- The difficulty for Feathercoin was also at 0. In fact several coins launched that way
- As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...)

Keep hating Smiley
legendary
Activity: 1344
Merit: 1001
Reviewing the trades from the first day's operation of the BitBar / Bitcoin google docs exchange topic - https://docs.google.com/spreadsheet/ccc?key=0AvzceU1B6xtPdFg0M2kza2pQQ2o0b2RzNFZnRlNiclE#gid=0

The following orders were fulfilled,from newest to oldest:

Buy 55 BTB at 1.2 BTC per BTB  (vlaouu321)
Buy 1 BTB at 1.2 BTC per BTB    (bitpar)
Buy 5 BTB at 1 BTC per BTB   (cvrchameleon)
Buy 24? BTB at 1 BTC per BTB  (Blitzmd)
Buy 0.5 BTB at 0.5 BTC per BTB (Boelens)

I also saw a couple of topics where orders looked to be filled at 1 BTC per BTB.

What will the future hold? Only the free market and supply and demand can decide, but it's certainly interesting to see a new cryptocurrency sell for such high prices. This is the first time in history a cryptocurrency is being bought and sold for higher than Bitcoin... if nothing else it is a historic moment! Miners are flocking to the coin as the network hashrate is growing fast as is the difficulty, the coming days are going to be very interesting Smiley
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