Quote from: peterlustig on December 09, 2013, 04:01:05 PM

Quote from: Fernandez on December 09, 2013, 03:58:08 PM

Quote from: TBCM on December 08, 2013, 11:21:57 PM

When a coin is born, if the initial difficulty to get a block is too low, you can get a ton of coins (blocks) really fast if you get in early. The coin is instantly mined.

Similarly, when a coin is mined to almost completion in a very short period of time some people consider it's been instamined as well.

FTC and QRK are two big examples in each category.

And both of these coins did not make those early miners rich as they sold at rather low prices. The hoarders won ofcourse.

FTC made the early miners rich as it was trading at 0.005 BTC initially. QRK made the planned pumpers rich, as they swept up at 0.0000003 and then hyped it up and sold and are selling at thousand times their investment.