Post
Topic
Board Altcoin Discussion
Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters
by
Febo
on 28/08/2016, 11:28:39 UTC
monero had ~750,000 coins mined the first 4 weeks (btc ~210,000) which is way faster than normal but i would not say instamined per se. but when does a instamine end and a fastmine begin?

i think a cripplemined fastmine best describes monero.


720k Moneros was issued in first 30 days. Exactly as it was scheduled. If it would less, price would go even higher. Remember that price hit 0.01 after 60 days at end of June 2014. If emission would be slower, ATH would be way higher. This emission curve was just perfect. So you can easily name it as a perfectmine.

If you want to learn more about XMR emission compared to BTC, you can check this spreadsheet. https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit#gid=239466694


I started mining about on day.40. As you see from spreadsheet on day.40 daily emission was about 24k XMR. On first day emission was 25.3k XMR.  So not a huge difference. And on 40th day every miner was allready mining Monero.  Difficulty was already so high i barely got any. Probably would get more if would mine few months ago.