Re: [ANN] 📈 KnoxCoin【KNX】🌟 💵 POW/POS 2% 💴 POW JUST 12.5K BLOCKS
scrypt only for asic
Yeah, but hopes that one hour after Ann i would stiller get some with cpu. Never tried cpu mining scrypt before for that obvious reason :p buy there are many on the lookout for New coins and i guess even just one asic would make my cpu pretty useless :p
POW 12.5k blocks, means 625k coins only for miner.
10%premine, 2.3million, I cannot say dev is greedy, but with 2% POS return, I think its no value for miner or investors.
GOOD LUCK!
This is such a crucial point I want to re-emphasize it:
The pre-mine is 2.3 MILLION coins.
The total PoW supply is 625 THOUSAND coins.
There is no point mining a coin where you can only mine such a miniscule fraction of the supply.
Also, note that the ANN says:
Quote
2.5% of that premine is set for the developer.
The dev gets 2.5%, or 575000 coins. So the dev starts out with a personal supply almost equal to the entire PoW supply.
Please spend your hard-earned hash at your own risk.
Edit: I have softened the language a little because I don't think the dev is hiding his personal pre-mine from the public. I think it's just a ridiculously high personal pre-mine compared to the total PoW supply if you really think about it. The dev gets 575k coins. The entire PoW supply is 625k. Yes there will be PoS after that, but won't the dev make up almost half the network weight? Won't dev get almost half the PoS rewards?