says the dark shill who can't argue with the fact presented.
THE FACTS ABOUT DARK COIN
1. released without windows QT so that only dev and pals could mine it.
2. Instamined harder than any other coin out there 12.5% of the current minting was mined in the first day
3. Later they decided to cut the minting by 75% to turn their 12.5% instamine with no windows QT into 50% instamine in 24hours - nice hey
yes that is correct they mined 50% of all the coins available at this time by themselves in the first 24 hours whilst windows users could not mine.
That is the facts.... doesn't matter what else they say... nothing can change what they have done.
Once zero coin, or bytecoin with a decent wallet it released or another darkcoin clone is released.... dark coin will sink like a stone.
Every time they try to spam their coin just post this to remind them of the facts about their coin.
The large percentage of Darkcoin mined early on is a result of how the block reward structure is implemented. I believe Darkcoin is the only coin that uses inverted block rewards based on the current difficulty (the exact formula is in the Darkcoin announcement thread). The higher the network hash and resulting diff, the lower the number of coins awarded. Anyone that participates in coin launches knows the starting diff is very low and a large percentage of coins are mined early on as a result of the much faster block times than normal. It's true DarkCoin's inverted block reward structure favored the early miners, but that's also true for almost all coins and DarkCoin's starting block times and number of blocks mined early on are not very much different than the most coins, so I don't think it's fair to call it an insta-mine in the technical sense, it's a result of the higher block reward structure while the diff was low.
Litecoin had about 600 BLOCKS mined within the first 30 minutes = ~1 block every 3 seconds during the first 30 minutes
http://explorer.litecoin.net/chain/Litecoin?count=700&hi=700Vertcoin had about 560 blocks mined in the first 30 minutes = ~1 block every 3.2 seconds during the first 30 minutes
http://cryptexplorer.com/chain/VertCoin?count=600&hi=600Darkcoin had about 800 blocks mined within the first 30 minutes = ~1 block every 2.25 seconds during the first 30 minutes
http://explorer.darkcoin.io/chain/DarkCoin?hi=819&count=800Those coins all had within 250 blocks, approximately the same number of blocks mined within 30 minutes of their launch, which is a function of the low starting diff causing blocks to be generated at a much higher number. The further you go from there you will see the block generation continuously progresses at a slower rate until reaching the target average block time for each coin.
IMO DarkCoin's current reward structure allows for a more widespread distribution through mining and prevents it's concentration much better than most coins, including BTC and LTC. In a similar way that to how Scrypt-N coins like Vertcoin prevent large miners from gaining too much of an advantage. Since DarkCoin's block reward keeps decreasing as the network hash increases, it deters industrial type miners with enormous hash from gaming the coin and concentrating it's distribution. Which makes the coin un-minable for the average person as a result of the increased difficulty and much like what mining BTC has evolved into and Scrypt mining will next.
