I have never seen a shitcoin this awful before. Not exaggerating, this is probably the worst buy in crypto history.
Let's have some fun with this one. Here's some math.
>Here's why the mining sucks and is worthless
Block rewards = 500 per 30 seconds.
Circulating supply = 10^15 coins
Time to mine 1% of circulating supply with 100% of block rewards --> (10^13)/16.666667 coins per second = 6*10^11 seconds or about 19000 years. So good fucking luck with that.
>Here's why the premine is infinitely worse than the mining
Total supply = 10^70 coins
Premine= .5% = 5 * 10^68 coins
Circulating supply = 10^15 coins
Premine/Circulating Supply = 5*10^53 times LARGER than the circulating supply
Total atoms in the solar system ~ 10^56
Which means that the entire circulating supply is roughly equivalent to a single atom in the entire solar system, and the premine is equivalent to all the other atoms in the solar system combined. Don't buy or mine this trash.
Let's have some fun with this one. Here's some math.
>Here's why the mining sucks and is worthless
Block rewards = 500 per 30 seconds.
Circulating supply = 10^15 coins
Time to mine 1% of circulating supply with 100% of block rewards --> (10^13)/16.666667 coins per second = 6*10^11 seconds or about 19000 years. So good fucking luck with that.
>Here's why the premine is infinitely worse than the mining
Total supply = 10^70 coins
Premine= .5% = 5 * 10^68 coins
Circulating supply = 10^15 coins
Premine/Circulating Supply = 5*10^53 times LARGER than the circulating supply
Total atoms in the solar system ~ 10^56
Which means that the entire circulating supply is roughly equivalent to a single atom in the entire solar system, and the premine is equivalent to all the other atoms in the solar system combined. Don't buy or mine this trash.
First of all thanks for your reply.
It's really fun when you give examples comparable to the scales of universe
Ok. Let's talk about it.
Total supply, premine and circulating supply doesn't matter for several reasons:
1) There are tons of currencies that use POS, DPOS and another concepts, that are totally "pre-mined" like ripple, stellar, eos, cardano, iota and much more. Why you don't troll them?)
2) Even if 1 CRN costs 1 sat (10^-8 BTC), miners will bring revenue approximately at 150 USD/per day. Is it bad with the lowest price?
3) We are interested in keeping lowest price per CRN to make transactions as low cost as possible and it is part of our concept.
4) Total supply can be extrapolated to infinity and we don't see anything terrible related to this. It's not necessary to mine all coins. We need only projected inflation.
Time will tell whether this is shitcoin or not
When CRN applies to an exchange we will give a handful of CRNs
Since you're active on the thread again, can you answer some of the questions users have posted about your project?