Re: Are mineable coins worth more than non-mineable coins?
Hi,
Looking at the top 2 on coinmarket is bitcoin and ethereum.
Both are mineable and have a low max supply in millions not billions or trillions.
What gives a coin more value is the effort involved into getting them (mining). Is this true or false?
Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding
Looking at the top 2 on coinmarket is bitcoin and ethereum.
Both are mineable and have a low max supply in millions not billions or trillions.
What gives a coin more value is the effort involved into getting them (mining). Is this true or false?
Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding
Ethereum has around %15 inflation because of unlimited token cap. Being mineable indirectly effects the price, but to better or worse? That's quite hard to know. My opinion is it doesn't matter, market decides the price of tokens, and unless mining creates a huge inflation who really cares about what is mineable and what isn't in the market?
Ethereum is about to become POS, by the way. At first it will be POS+POW, but in the future ethereum mining might completely die.