Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
by
Mrrr
on 23/07/2017, 22:58:03 UTC
OK so i am looking at etherscan at this "self mining contract"  everything checks out  in query's against source however I have no live TX data from the mining side and maybe i dont understand but my balance for eth increase is almost nil.  can  someone help me understand this? also i am seeing a lot of contract errors across multiple addresses calling "Bad contract function" on etherscan.io


Minereum is a hack in so far that it does something ETH wasn't supposed to be doing. Each 'genesis address' was awarded with 32000 unspendable tokens which become spendable at a rate of ~1,5 token per day.

What Minereum dev did by creating this is making a token which is mined on top of ETH blockchain at a fixed reward per block. Hence the 'self-mining' monicker.

Minereum is mining off of the ETH blockchain. Rewards come per block. There is a fixed supply. Its no different than any other coin apart from that it does not need hashing power.