Quote from: redsun17 on October 10, 2017, 09:10:36 PM

Quote from: anorganix on October 10, 2017, 08:14:15 PM

LUXCoin team would like to thank everybody that stood with us in easy and hard times.
We did not have a perfect launch, but working together - and with your patience - we managed to overcome the issues.

We currently have a network of ~ 140Gh/s after only a few hours since launch.
If we are to compare with the speed of a GTX 1080Ti (~ 24 Mh/s) we can say that there are over 5800 cards mining now.

With a cost of $800 / card (give or take) LUX blockchain has over $4.5 million invested in mining.
Congrats to all of us!

This is a really stupid statistic. A 1080TI is worth $800 over three years. Someone mining your coin for 10 minutes does not make them invest $800 in you. By that logic, if I use a 1080TI to mine 10 different coins in one day, I've invested $8000 in crypto currencies. See how stupid that sounds?

Let's assume this hashrate keeps up for a week (which it won't when people realize how much dev is making from staking his pre-mine, while no one else has coins to stake). That means people have invested 1 week out of 3 years of useful card life, or 1/156 weeks. So you only have about $30,000 invested in you. Congratulations, a $30k market cap divided by the dev's pre-mine growing through PoS = nothing for everyone else.

Your opinion is appreciated!
Thanks for your input!