Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
Can someone please tell me, if this is self mining, how do we get these coins? I don't get it... Certainly it doesn't self mine and self sell on the exchange?! How'd people get these from the get go 
Quote
After the Genesis phase ended, each Genesis address was attributed 32,000 coins and since there are only 4,268 addresses, the total number of coins (Minereum) were set to 136,576,000.
This number of coins are the maximum number of Minereum coins that will ever be created, however, since the self-mining contract only allows for each Genesis address to mine 0.00032 Minereum (MNE) per Ethereum block, the total supply will only be reached in 47 years.
Cointelegraph has learned from the Minereum team that, at the moment, the supply of Minereum is around 500,000. In an emailed communication, a Minereum representative commented about the inflation rate of the currency. As a comparison example, Ethereum generates 5 ETH per block. Minereum in total generates 1.36576 MNE per block (0.00032 MNE * 4268 Genesis addresses), so Minereum has an inflation rate 72 percent lower than Ethereum. The currency is currently trading on livecoin.net under the symbol MNE.
This number of coins are the maximum number of Minereum coins that will ever be created, however, since the self-mining contract only allows for each Genesis address to mine 0.00032 Minereum (MNE) per Ethereum block, the total supply will only be reached in 47 years.
Cointelegraph has learned from the Minereum team that, at the moment, the supply of Minereum is around 500,000. In an emailed communication, a Minereum representative commented about the inflation rate of the currency. As a comparison example, Ethereum generates 5 ETH per block. Minereum in total generates 1.36576 MNE per block (0.00032 MNE * 4268 Genesis addresses), so Minereum has an inflation rate 72 percent lower than Ethereum. The currency is currently trading on livecoin.net under the symbol MNE.
Stole from the article on the first page. You will get much more info if you check first page. Basically genesis address holders get 1.36 MNE per day and they can sell on exchange if they want.
One silly question, if all hell breaks loose with Ethereum, how much would that affect Minereum since it is based on Ethereum?