Post
Topic
Board Announcements (Altcoins)
Re: [ANN] 📈 KnoxCoin【KNX】🌟 💵 POW/POS 2% 💴 POW JUST 12.5K BLOCKS
by
PotatoPants
on 29/09/2017, 05:26:23 UTC

scrypt only for asic   Cheesy

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 claims "10% Premine for Bounties and Airdrops" in large text but buries this little gem in the text:
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.





Thanks for looking into this.

I appreciate you taking time to post. Saved me wasting hashing power on the coin.

I'm not in a position to say if the Dev was intentionally misleading, but it doesn't look good on the surface.

I'm going to skip this one.