Post
Topic
Board Altcoin Discussion
Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
by
Prosperityforall
on 06/05/2015, 00:05:37 UTC
Ok, let's take a look at couple of the "facts" you're spamming around as proofs:

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

The "proof" that "nobody could compile" is a link to a post, but read the very next post where the guy admits it was his own fault he couldn't compile, not Evan's:

Yeah, my bad, I botched the layover of the makefile on the update.


And then this "proof":

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

How do you know those nodes were the only nodes at the time the user "turtle83" had made the list?

How do you know those nodes were the only nodes that had mined before the user "turtle83" had made the list?

How do you know those nodes were the only nodes that mined after (but still during the "instamine period") the user "turtle83" had made the list?


From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

The ongoing OTC rate during the first weeks was 10k coins for 0.25 BTC, which makes the total worth of the "instamine" around 30 BTC.

Until you find more nodes, then those questions are irrelevant. We have no other information, since your developer made no technical record of what happened(probably to try and cover it up more), but luckily the user turtle83 kept track of what happened.

The instamined coins were worth over 6million at the time of posting, he's obviously not talking about their worth during the first few weeks. There's also a guy(otoh?, but cant be too sure as he's already mistyped or lied before), that owns 11% of all Dash *coins* currently. Dash has horrible distribution.

Stop trolling.