Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ARBIT COIN | POW LIVE |SHA256|DEMO AR/VR WALLET|VOICE 2FA||POW|POS|
by
ARbit
on 15/05/2015, 15:01:42 UTC
Wonderful Idea.

Posted this in the main OP for confirmation:

Update: The first 100 blocks had a zero reward for a fair launch and hedge against potential bugs. We believe that during our push to Github a file got corrupted in the source, since our windows wallet was pre-compiled it worked perfectly at launch, some fortunate miners capitalized on the source issue that effected pools compiling and mined 100 blocks after the fair-launch blocks, that is 10,000 coins. It was an honest mistake on our end and we fixed it within 5 minutes. There have been demands to relaunch which would just end-up damaging cloud miners rented hash. It would not be not right to delay the launch 2 hours hours and burn there investment in rig rentals.

Since it is only 10,000 coins that was mined during that period, we have decided to pay for those blocks mined during those 5 minutes and will be sending the coins we purchase to the pools for even disbursement to the miners. This solution works in everyone's best interest.