Post
Topic
Board Tokens (Altcoins)
Re: [ANN] BITCOINEREUM - First Bitcoin Minable ERC20 Token on Ethereum Blockchain
by
Bulista
on 16/10/2017, 09:39:42 UTC
FYI, if this coin were to become valuable, real actual Ethereum miners could easily just front run all the rewards in order to "mine" it themselves. I don't recommend wasting your ETH paying for gas to run the mine contract.

Well it's not that easy.

First the miner needs to actually mine the block.

Second the miner would have replace ETH transactions by his Bitcoinereum ones, that would be transaction that he wouldn't get gas from and so he would get less ETH profit.

That means, if this starts to get profitable enough for miners I don't see any problems if miners start prioritizing their own transactions.

If that happens, the early miners (we) will make enough money already  Grin

So while that doesn't happen we are still in time to make good money out of this  Smiley