Quote from: mat5x on May 15, 2013, 04:29:01 AM

Quote from: baka on May 14, 2013, 08:07:03 PM

Quote from: BitJohn on May 14, 2013, 07:51:57 PM

yeah I heard it goes to 2 coins at 24 diff

Oh yeah this is gonna play out brilliantly. I don't see people wasting that much money on power to get this failcoin to a whopping 2x reward.

I dont see it either. I see them pining for bitcoin and every other coin where you mine in the first month or two at diff 50, then when new miners come onboard when it's diff 5000 and get 1/100th the reward, they're happy that all those early miner people are now millionaires just like with bitcoin.

Fair's fair right?

Problem is we're all on this forum already mining so we _ARE_ the early people, or like to THINK we will be. And if we aren't? "FAILCOIN!" "EPIC LOLS!" "FUD!" "DERP!". Scroll back a few.

No one want to think of attracting new(b) miners to bitcoin and altcoins, we're already established and throw around shibboleths like it aint no thing. But attracting miners seems to be the key to any altcoin's survival because miners are the biggest boosters of any altcoin. Need to keep attracting them. Destroying the exponential 'early miner advantage' probably galls many people who feel they EARNED the right to be a millionaire in BTC (or, more likely are a hundredaire, and pissed off they're not a tenthousandaire and so keep trolling for new alcoins early launch minefests to get to be one of them earlyminer refined upper classmen).

The coins hardly a _DAY_ old and its already dead despite attracting 200Mh/s of hashpower and three pools. I guess im relatively new, but what the hell is a successful coin's scrypt hashpower within what time frame? (someone post a damn graph thx) I have no idea. I know that 200Mh is a lot more than I have here, and this is only 20hrs since launch.

When diff 24 hits, we go into linear scaling. 24 = 2, 48 = 3, 72 = 4, 96 = 5. No other coin gives that. You might not like that: it wont protect your early mining wins, so you wont get to strut around like an oldskule BTC miner with your millions, but, you will be able to keep mining it for a long time profitably, unlike other coins.

If it had been released properly, without the drama, and had chosen a lower difficulty for the block reward increase, it might have stood a chance.