$3 per token, this is great. Anyone selling genesis addresses should please pm me with a reasonable price
Genesis addresses are not eligible for sale. If you buy then the seller can anytime access & transfer tokens, because he knows the private key
But if someone sell the genesis address with private key than it's good option. MNE would get completed in almost 47 years to reach it's maximum supply so that I also think this is interesting token.
waht is the total and daily supply of this token ?
As explained in the white paper, "mining" in minereum is performed on the fly with a mathematical formula.
The total coins created is 0.00032 MNE per Genesis Address and per ethereum block.
As we have 4268 Genesis Addresses and as an ethereum block takes an average of 15 seconds, this is the aprox. MNE mined per day:
[TotalGenesisAddresses] * [RewardPerAddress] * [TotalEthBlocksPerDay] = Total Coins Generated Per Day
4268 * 0.00032 * 5760 = 7866.7776 MNE per day
As a comparision example:
ethereum has a total of 5 coins created per block, which makes the total coins generated per day at 28800 ETH.
minereum has a creation rate 72% lower than ethereum.
Total Supply
There are 2 important supplies in minereum:
1. The overall total supply - Function maxTotalSupply()
2. The available supply - Function totalSupply()
Take into account that minereum has 8 decimals so the return of these functions must be divided by 100000000 to get the real amount of MNE.
maxTotalSupply
Each Genesis Address is now credited with 32,000 coins.
There is a total of 4268 Genesis Addresses.
The overall total supply: 32000 * 4268 = 136,576,000 MNE
It will take aprox. 47 years to reach the total supply.
totalSupply