Coin was "leaked". An alpha build of what you need to start the chain was published on Akromas public GitHub. Someone used that to start mining on the chain.
So that person got all the rewards initially. Looks like that person got all the rewards from the first 3000 blocks = 27000 AKA. Then someone else (or same person/team, just different wallet) joined in the fun.
Then for some weird reason the team figured they should just go with that instead of resetting the chain. And now it's def too late to reset the chain because so many miners have spent a lot of money on it.
My guess is that it was an intentional leak. There were just too many amateur mistakes when the rest of the stuff has been very professional. Also I gave yet to see a good explanation as to why they didn't want to reset the chain.
The standard reply is just: It's too late to reset the chain now...
I just hope they did it to create a tight community and that it's not the team themselves that mined to dump.
It was initially only avaliable to solo mining via CPU..(Assumption since their was literally no hashpower on this).
Around the 23rd a pool called miningpeon went live. Gpu mining was up and running.
Nobody with any real power was mining it.
I would know as i was literally the first person with any decent hashrate to go on it.
I only put 5 rigs on this and i was controlling 65% of the total hashrate.
Then couple hours later another miner nicehash'd it and collected 20k and stopped.
As the hours progress more miners started to come in, but was relevant their was a total of 30-40 miners.
About 2 days go by and it was on Minerpool.net and that's when the nethash exploded too over 2 TH/s..
By the time it was posted here the nethash has dropped to around 600GH/s. So technically nobody really missed out on anything.
Doesn't really matter if it was CPU or GPU mined and what power they had. Difficulty adjusts, block time is targeted to 10s and diff started at ~0 if I'm not mistaken.
If you're the only miner starting on a chain you get the same reward no matter your hash rate --> all blocks.
The first miner mined more than 1000 blocks an hour for the first few hours from what I can see, which gives a block time lower than 3.6 seconds initially. It later adjusted as diff rose.
How can you claim "So technically nobody really missed out on anything." when:
- Chain was almost halfway to planned hard fork to reduce block rewards for miners when it was announced on Medium?
- Chain was almost 2/3 to planned hard fork to reduce block rewards for miners when it was announced here.
Yes, that hard fork has since been postponed but argument is still as valid.
I'm looking forward to see you explain this 😎