Re: [ANN] Akroma - Cryptocurrency. Smarter. (Smart Contracts. Masternodes. Oracles.)

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There is no problem with pre-mine.
But when you pre-mine you divide the amount into development, bounties, exchange fee, etc. You also provide the official pre-mine wallet address so people can track the payments if they want.

When you ninja pre-mine you keep all the amount, build MNs for you, and after you can ask for donations for exchange fees, development, etc.

If this was my coin and my work, I would have reseted the chain right when I saw other ppl solo mining before the official ann. But they didn't reset the chain so it's obvious that dev&friends premined the coin before official ann.

The fair thing to do now is to make a statement of the amount the dev team premined and what they are going to do with it (keep it for personal use, hardware costs, bounties, exchange fees, etc).

Just as transparent as possible about purposes of premined, then everything will be clear, no one will complain/ discuss about them.

My question is when the mining started. Did it start Jan 25th?

The 1st announcement from the team was on their medium page 25th Jan, that day mining started for all. Bitcointalk is an important platform but it is not a requirement to post here 1st. Actually, you are better off mining right now compared to the 25th Jan because nethash was very high from the start- around 1TH/s (peak 2TH/s), right now it is 450GH/s. Some serious investors rented hashing power from nicehash, this is not a ninja launch for friends. And you are not missing on the coin because the hashrate dropped from peak and you can even solomine with 1 good rig (which is great in my book)!

I must say that this project is actually good because people are building a platform for real usage they need for dApps, they DO NOT conduct a large premine, ICO sell of nodes etc. And the devfee from the block is actually not that big (1 coin from block now and less later) but enough to allow for sustained developement and marketing. I wish the best of luck to this project, i switched all my ethash hashing power to akroma to support the network.