I am trying to understand the description of quark. I particularly unsure about how many coins is really available. From this statement "Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)", what does it mean? What does the abbreviation "p.a. inflation" mean?
per annum
Thanks, so let me understand this. After the first 6 months there are a total of 247million quarks, 1 year after that, there will be 248million total, or 247 + 248 = 495millions total? my guess is 248millions, but I am not clear about the language.
247+1 = 248 Million
thanks
Doesn't that seem like a HUGGGE mistake for Quarkcoin? The few people that came on board to tinker with it at the start will literally already have about 99% of the coins that will be mined for years to come. How many miners of Quarkcoin are there?
The developer of Quarkcoin wasn't Satoshi - that's for sure.
Satoshi was not a trustable guy. He premined millions of Bitcoins, Quark devs didn't mine any.
This's not a mistake. This's an advantage.
It's designed to be a true cryptocurrency -- no mining @ speed of light; only the existing is circulated.
Almost all coins have already been mined. Most miners sold it cheap, so that helped with fair distribution.