Topic: Pre Mine Record Thread - page 2. (Read 1878 times)

Just an FYI on Chinacoin.

I was one of the first miners along with a buddy of mine.  He managed to see it posted in another location first so we jumped on it.  I mined 400k of it fairly AFTER LAUNCH.  Does this mean I pre-mined?  NO, it means my buddy is bloody resourceful and found it at the perfect time!

I don't agree that chinacoin was premined.  Hate on me if you like.. but it is what it is!

Since OP hasn't replied, kooke what is your definition of a pre-mine?

All the feathercoin cockroaches are gonna come crawling out of the woodwork any minute now to defend it

FreiCoin should be added to the whitelist!

CoinHoarder
Giveaway thread is still active.

Ripple: 100%

I kind of maybe agree with you.

I'm just mainly posting to say you have the sexiest Coin address list in your signature I've ever seen, I may steal it. Muhaahaha.  

Except.. I don't have any novacoins..

jubalix

When you speak about NovaCoin, you shouldn't forget about this:

http://novacoin.su/tx/9ffcf4b7c8a2e17a2776f7e8aaa0852ed2a7f80386bfc0d63991aac21dbdfe1e

4K7Q8XHw6vb8v25jBMQJvBYDJ71jJybzhG address created from zero pubkey:


I.e. this coins doesn't exist anymore. So, you should remove NVC from this list, or place it into separate category.

"pre mine" previously to what?  I'm pretty sure everyone had access to mine it all they wanted during the launches.

novacoin also

Just to not cross any lines, can the OP define what is a "pre-mine" to him/her first before we ride certain coins to hell?

I ask as some others would view it as early adoption.

For example, I would consider a "pre-mine" to be people mining the coin before the public has a chance to try it out. However, I wouldn't consider FTC pre-mined because everyone had an equal opportunity right from the start.

I'm not sure about ChinaCoin but I'm assuming they launched it fair too albeit a bit later for us as the developer probably announced it on a chinese forum first.

Don't forget BBQcoin! It was mined for months and months and months, maybe a year or more, by sneaky CPU miners before announcing it was going to be launched onto some exchanges someday maybe so that GPU miners became attracted to it!



-MarkM-

EDIT: Pre-mining means mining before launching it on an exchange, right?

I love how you decided to pick on FTC first

Adding Junkcoin, the same start diff (0), and after it was started it was taken over by the big guys with huge computing power, I was lucky to get two blocks before they jumped in. After about 2 days, I believe some 1.5 mil coins mined, not including the 1 mil reserved bounty. Not as bad as other coins. The junkcoin receives some hash criticisms, now I see the previous existing ones are even worse.

This thread is to act as a consolidated record of the premine of each launch, scraping from as many sources as possible. Please add any info you have as reply's I will collect to the top

To define pre mine

The 1st derivative (slope) of the curve of production over time in the first few days divided by total money supply proposed.

This will normalize for money creation over period x and allow meaningful comparison. Finally I will give as a percentage and as inverted ratio to give a feel for how long it would take to create the whole money supply at that rate.

Eg 1 Million in 1 day would have half the slope of  1 million in 2 days.

Edit i did not "pick" FTC first it was just available to scrape easily from another thread.

So FTC over the first 24 hours would be
=2,898,850/336000000  
=0.8%
=116  DTMS (days at this rate for total money supply)

XRP
approaches 1/0 (took some time somewhere)
=100%
=1

the larger the day number the less of an effective pre-mine rate.

This definition is neutral as to who did what, but just looks at money supply/creation in the 1st 24 - 48 or whatever time period, and let's you decide with an easy metric.




Collected So far

Several coins launched that exact same way:
  * Feathercoin launched with difficulty 0
  * Terracoin launched with difficulty 1 (just as low as 0 in effect)
  * Chinacoin launched with difficulty 0
  * Novacoin launched with difficulty 0

FTC
  * Exactly 24 hours after launch (2013-04-17 21:48:40) 2,898,850 Feathercoins had been mined
  * There are currently 6,415,200 Feathercoins as of 5/5/13 at 3:20PM EST. This means that around 50% of the total Feathercoin supply as of 5/5/13 was mined in the first 24 hours.
  * 20,000 Feathercoins were mined in the first 8 minutes.
  * Feathercoin also started with difficulty of 0, just like BitBar.