Any chance the price drop is related to the increased circulating coin supply? Went from 5.5bn to 6bn coins
How can they just dump coins like that when the price is already free falling?
Does anyone know the exact number of coins mined to date?
Based on my mining and some simple modelling I would guesstimate at around 9 million.
I would love to know how you work this out exactly though!
Not sure what modelling you used to get this figure but its wildly wrong.....
At 300 mh/s network rate we're currently mining nearly 10 million coins a day across the entire network.
so how did you put that network hashrate into the equation
but 10 million coins a day are about right.