didnt orbitcoin cut the "premine" - which is now given out as bonus blocks when you mine?
And all the instamined/üremined coins... are not currency... just something for the rich to play with.
The advantage of the mining is that you dont absolutely need large sums of money to get soem share of the coin.
The oens who support those coins simply owh large amount of shares and try to push it up to make profit. nothing else.