Post
Topic
Board Altcoin Discussion
Re: [PSA] Attention: Security vulnerability in new alt coins!
by
thekidcoin
on 16/05/2013, 06:01:09 UTC
While this is probably true, if they started at a difficulty of 1, or .25, and the coin became popular, very quickly, it would be impossible to get coins, and if it was traded, the coin would be unprofitable to mine.  So that means basically anyone without 10 - 30 MH's rigs (for litecoin variants) would get scraps, where as currently with some of the new coins, anyone who sees a release quick enough,m even with minimal hashing power, can scoop up a few thousand coins and possible a nice profit if its traded.  I say something like .025 would be a better start than .25 or 1.

What was Bitcoin's original starting difficulty, anyone know?