Post
Topic
Board Altcoin Discussion
Re: [PSA] Attention: Security vulnerability in new alt coins!
by
arjay45
on 16/05/2013, 06:25:22 UTC
What are you talking about...? At difficulty 0.25 with 350 KH/s you should find a block roughly every hour, that is hardly scraps. Coins shouldn't be made with the intention of everyone getting thousands of coins in the first few days so they can hoard them until the coin reaches an exchange and then dump their thousands of coins on the market decreasing the value of the coin instantaneously. Any coin designed to be intentionally pumped and dumped shouldn't bother being released.

I agree. For a GPU mined coin 0.25 is a pretty fair starting difficulty. There will be MUCH fewer orphans, and people will still get a large number of coins in the first few days. It's just the coins will be spread out to more miners that's all.