Post
Topic
Board Altcoin Discussion
Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
by
smooth
on 01/05/2015, 14:49:11 UTC
Just how does someone get 10% of the mined coins in a week (that were declared), when the average Joe was scrapping around for a few coins a day?

I've already answered that, but since you're digging through my post history you'll find it there too.

I've been a serious miner of many coins for years (on and off a least).

It certainly wasn't by misleading people about launch times and then instamining, like Evan. Does he regret it?


So there was a optimized miner available (to insider scam devs) and you were still able to mine 10% of the coins available during that time while using the crippled scam miner only? How is that even possible? And if it is possible, is it believable?

Not only was it possible, it wasn't even that hard, and as I've said a million times it indicates quite strongly that the original developers were not in fact using any optimized miner (or if they were, not much). I wasn't the only one mining say 10% or so either. It was easy if you were a serious miner at all.

If you look at the difficulty on the network at say block 5000 (middle of the first week) it was about 100k.

http://moneroblocks.eu/search/5000

Quote
Block difficulty 109110

That's a hash rate of 1818.5. A high end desktop hash rate using the crippled miner as we've seen earlier in this thread was about 8, so that was around 200 high end desktops mining at that point. Servers were/are faster.

Nobody was mining (much if at all) with a super-fast optimized miner in the first week. It's just not plausible given these numbers. This suggests that TFT didn't even know about the optimized miner from Bytecoin or didn't have access to it. Or maybe he was just honest (but weird) and didn't use it.

Totally different situation from Dash where Evan and a few others mined a million coins in a few hours.