While some report that their old computer is getting them a lot of free mined BYC, most complain because, for the last 12 hours (November 17th), theior most advance3s computers with the latest version available of the wallet have mined... nothing. What is going on?
I don't have the answers but I know at the time of this writing the las block mined was #6990 and, according to this:
https://chainz.cryptoid.info/byc/ 225,790 coins were outstanding... what does "outstanding" really means? Is that figure correct at all? What is going on that blockchain explorer?
I want to believe there's a very easy explanation for what follows, but at this point it al seems very, very suspicious. Hopefully it's just my nature to be suspicious and there's a perfectly simple and innocent explanation. Here's the deal: When stabilized -whatever that comes to mean- BYC will mine no more than 1440 coins a day. Right now it is mining many, many more than that. In roughly one week, it has, in fact, mined roughly 75,000 coins... according to that block explorer. According to that explorer, the vast majority of the blocks mined produce 1 BYC. The ample majority... but not all. Again, according to that block explorer, quite a few blocks produce many more than 1 BYC. Some more than 100. Some more than ... 90,000!!! one even more than 190,000 !!!!. Like I stated, I am sure there's a perfectly simple and innocent explanation for this, but I just don't know of any. It would seem that all those tens of thosusands of coins are NOT registered or visible to the "outstanding" figure in the blockchain explorer... unless "outstanding" means something quite different from "total current float", for example, which is what it usually is supposed to mean. Are there, in fact, hundreds of thousand of BYC coins more available and mined -and mining- than those "outstanding"? Just take a look at blocks # 68885, 68900 and 69828, just to pick a few -there are many, many more with much smaller figures-, and draw your own conclusions... or ask the proper answers.
Something does smell rotten in Denmar... unless there's a perfectly simple and innocent explanation for this. It
has to be, hasn't it?
Now, as stated above, there are -at least- 75,000 coins mined. Meaning, roughly 145,000 coins were bought at about 50k satoshis each and now there are 75,000 more that have cost... NOTHING. And counting. That thing is mining A LOT of coins -for some-, certainly many, many, many more than the 1440 a day max that were promised. What does it mean? Well, obviously there's going to be a dump of gigantic proportions sooner rather than later. And that is if the numbers on those blocks mentioned -and many others- are some short of
mistake ... If there's no mistake and the blockchain explorer simply don't recognize those coins as "outstanding", then the problem is exponentially bigger.
I'll be anxiously waiting for the explanation. After all, I was mining the coin... although in the last 12 hours, nothing...