Many Coins Could you Mine if .... | Bitcointalksearch.org

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: pearsed on November 29, 2017, 08:03:59 PM

Pre-mining is frowned upon though is it not?
..
I am working on a project that we will take ICO

It is, and so is making an ICO.

Quote from: pearsed on November 29, 2017, 08:03:59 PM

Say you wanted to create a Crypto currency that was totally mined and not pre-mined would the coin be more popular or does it make no difference?

It makes no difference because it will just be another ICO token among millions of other ICO tokens that no one has ever heard of or cares about.

The time it would take to mine X number of coins of a yet to be created altcoin is entirely dependent on the parameters you set for that altcoin. It will depend on the difficulty (the Proof of Work target parameter that you begin with), the target block rate, the hash algorithm, etc.

pearsed

newbie

Activity: 14

Merit: 0

Pre-mining is frowned upon though is it not?

Say you wanted to create a Crypto currency that was totally mined and not pre-mined would the coin be more popular or does it make no difference?

I am working on a project that we will take ICO, aim is to build a large company and global service, the plan was to start with erc20 token and then create our own coin, was just wondering weather we should mine all the coins or pre-mine, not sure whats best.

TheFudster

newbie

Activity: 39

Merit: 0

It depends on how the coin is setup.

And Really if you created the coin you could just define x amount of coins to yourself

Altcoin devs do it all the time.

pearsed

newbie

Activity: 14

Merit: 0

Say you created your own Crypto currency and told no one of its existence and you had 12 x 6 GPU Mining Rigs how long woudl it take to mine 150,000 Coins and how much would it cost to mine that many ?

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