Post
Topic
Board Altcoin Discussion
Re: Mandatory Update to Nuggets (NUGs) 1.0.1! Get your VGB - Vlad Golden Blocks
by
hotcoldcoin
on 28/07/2013, 10:33:40 UTC

BTW at current Bid the valuation of all NUGs in circulation is ~1 BTC.   99% of that is the premine and thus not earned by miners.  Quite the "miner's coin".

Seems more like 89% of that is premine.  Let's do the math!

Code:
at block 5872:

    2,475,478 nuggies outstanding
  - 2,200,000 nuggies pre-mined
    ---------
    = 275,478 nuggies oustanding for da minerz

      275,478 nuggies oustanding for da minerz
  / 2,475,478 nuggies outstanding
    ---------
          = 0.111...  = 11% for da minerz
                        89% for pre-mined nuggies
                       ---
                       100% of da nuggies!