Post
Topic
Board Altcoin Discussion
Re: FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC)
by
scrybe
on 07/01/2013, 23:56:30 UTC

I will change that to "all miners".....But all miners at block 2000 made up a hash rate under 1000 Mh/s.  Looks like one person to me.

Also we got to block 8000 in 1 day 20 hrs and 59mins.  I was close at 2 days.  So the fact still remains that over 50% of all the freicoins found were found in under 2 days.  How is that not a premine?  Why start the difficulty at 1 if it wasn't.

PS

It is a 100M coin limit with FRC, not 21M. They have only produced a bit over 10% so far.

It's not a premine because it was announced in advance when the genesis block would be released. Premining refers to the practice of mining a number of coins before the general public, not at the same time.

I just pointed out I was participating with 30Mh/s, look at the P2Pool payout address lists and you can get some idea for the first couple of days since the p2pool was one of the first things started. http://www.cryptocoinexplorer.com:4750/block/000000001c76a14764609061c1a9610932b39587fdaea43e51c5ce99c2de26f8 has multiple miners for sure, and I've not looked for anything earlier than that.