I thinks it's time to look at some numbers again.
Let's assume that Labcoin was mining with 500 Th/s at the end of the year, if the network hash rate was:
- 50.000 Ph/s, Labcoin would control 01% of the network.
- 25.000 Ph/s, Labcoin would control 02% of the network.
- 16.667 Ph/s, Labcoin would control 03% of the network.
- 12.500 Ph/s, Labcoin would control 04% of the network.
- 10.000 Ph/s, Labcoin would control 05% of the network.
- 08.333 Ph/s, Labcoin would control 06% of the network.
- 07.143 Ph/s, Labcoin would control 07% of the network.
- 06.250 Ph/s, Labcoin would control 08% of the network.
- 05.556 Ph/s, Labcoin would control 09% of the network.
- 05.000 Ph/s, Labcoin would control 10% of the network.
BTC/Block = 25
Blocks/Round = 2,016
BTC/Round = 50,400
If Labcoin controlled:
- 01%, they would mine 504 BTC per difficulty round, 352.8 BTC (70%) going towards dividends giving 0.00003528 BTC/share/round.
- 02%, they would mine 1,008 BTC per difficulty round, 705.6 BTC (70%) going towards dividends giving 0.00007056 BTC per share per round.
- 03%, they would mine 1,512 BTC per difficulty round, 1,058.4 BTC (70%) going towards dividends giving 0.00010584 BTC per share per round.
- 04%, they would mine 2,016 BTC per difficulty round, 1,411.2 BTC (70%) going towards dividends giving 0.00014112 BTC per share per round.
- 05%, they would mine 2,520 BTC per difficulty round, 1,764.0 BTC (70%) going towards dividends giving 0.00017640 BTC per share per round.
- 06%, they would mine 3,024 BTC per difficulty round, 2,116.8 BTC (70%) going towards dividends giving 0.00021168 BTC per share per round.
- 07%, they would mine 3,528 BTC per difficulty round, 2,469.6 BTC (70%) going towards dividends giving 0.00024696 BTC per share per round.
- 08%, they would mine 4,032 BTC per difficulty round, 2,822.4 BTC (70%) going towards dividends giving 0.00028224 BTC per share per round.
- 09%, they would mine 4,536 BTC per difficulty round, 3,175.2 BTC (70%) going towards dividends giving 0.00031752 BTC per share per round.
- 10%, they would mine 5,040 BTC per difficulty round, 3,528.0 BTC (70%) going towards dividends giving 0.00035280 BTC per share per round.
Trying to pump up the price above 0.03 so you can dump? A lot of people purchased at a high price and need to get it back up there to dump their shares because they know the time to get out is now.
I'm only stating facts. Also, Labcoin hasn't even been at a high price yet.