Does anyone else find it odd that nearly 5 million coins have been dumped onto Cryptopia today?
Allegedly the only way to get coins into the exchange right now is via mining and then transferring to Cryptopia. However, mining only started about 24hrs ago and has been sluggish for much of that time. Not to mention that the bulk of the "mining" for this coin was going to come from mobile devices, which of course still hasn't been released yet.
How in the hell did 5 million coins get mined in that time? Something isn't adding up here
its still because of the miners bro they have rigs..
OK I'll go along with your reasoning but it really doesn't make any sense.
Mining started last night around midnight. How many miners with rigs do you think were lined up ready to go to mine for a coin with an ICO price of $0.01? I'd wager not many. And they're mining a coin that wasn't listed on any exchange at that point so they really had no idea what value they were mining for.
I'm sorry but it doesn't make any sense
FYI now up over 5.5 million coins dumped today
That's the whole point. Mining before a release on exchanges and dump at higher manipulated prices. I used to mine years ago and that was the whole strategy, spotting coins before they get listed and mine a shit ton the second the chain is live before difficulty rises. It totally makes sense. Then, do you think ETN team has 0 graphic card available? Anyway, we, ICO contributors got screwed big time and there is no way around it, no explanation that justifies what happened (what's the excuse? Hacking possibilities? WTF?). The coin shouldn't have been available to mine with gpus (that's the freaking point of this coin!!!!!!!) if not on mobile on both IOS and ANDROID for every user at the same time.