Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
smooth
on 29/03/2015, 01:00:28 UTC
Finally a Monero Richlist!!

http://moneroblocks.eu/richlist


Almost funny. But only almost because an actual list would expose how the devs mined millions of coins with an enhanced version of a miner while they gave crippled miners to naive idiots dumb enough to invest into this shitcoin.

Millions of coins mined by the devs? Nice troll.

The crippled/obfuscated miner, which we had nothing to do with, starting getting fixed by us in github 19 days after launch, was essentially fully uncrippled within a month, and highly optimized within two months. During that entire period of time a total of around 1.5 million coins were mined with a large number verifiably mined by people outside of the developer team (because one group includes a credentialed professor of computer science known by his real name who blogged about it, and in other cases because they publicly sold them OTC).

So, no, millions of coins were not mined by the devs. The total number mined by devs at all, regardless of what miner they used, was clearly far less than 1.5 million, and objectively probably far less than 500k.

I mined a fair amount using the public code which was quite profitable at the time, and you don't  have to take my word for it, there were many, many posts from many different people about how profitable the mining was.

This was nothing like the darkcoin/dash instamine where 500k coins were mined in an hour, 1.5 million coins mined within 8 hours, and 1.9+ million within 30 hours, all a few hours after the (then and current) developer said to go to sleep because he was going to get back to fixing bugs and try again in a few days (and "definitely" not in few hours).

Let's keep the facts straight here please.

BTW, have you updated the FAQ yet to remove the misleading statement about the instamine taking 48 hours?