Re: Hypotetical question: you have a mineable coin,miners take it all?
Hey!
If "you" develop a coin and have less than average mining rig(s) what will happen if someone brings on the titans and mine like 100-200x more than the creator can ever make himself? Assuming no premine tho..
Scenario: dev launch a no premine scrypt coin,makes a pool and it's exchangeable for say 1000sat,however he can ONLY get hold on say 1000coins per day,while a"bigminer" gets 200-300 000coins(because of good rig)
Assuming total suply is like 50-100mill coins.
Will the creator then loose on this?or what will happen?
By no means is this ment for the developer to take it all,but will current scenario "crush" further process and liveability for the coin itself? Long story short..one dude/dudette takes 90% shares and the rest of the miners split 10% how will this go in the long run?
If "you" develop a coin and have less than average mining rig(s) what will happen if someone brings on the titans and mine like 100-200x more than the creator can ever make himself? Assuming no premine tho..
Scenario: dev launch a no premine scrypt coin,makes a pool and it's exchangeable for say 1000sat,however he can ONLY get hold on say 1000coins per day,while a"bigminer" gets 200-300 000coins(because of good rig)
Assuming total suply is like 50-100mill coins.
Will the creator then loose on this?or what will happen?
By no means is this ment for the developer to take it all,but will current scenario "crush" further process and liveability for the coin itself? Long story short..one dude/dudette takes 90% shares and the rest of the miners split 10% how will this go in the long run?
If you release a Scrypt coin now and one miner starts mining 90% of the coins, you have yourself a shitcoin!
To save yourself the effort, don't make a new coin, unless you have some great idea for a new coin.
Chances are though that you don't, you want a get rich quick plan, but even you see that it won't work, so just don't!