Worst-coin-release-ever. And the funny part about it is I was actually going to over look the 2000*666,666=1333332000 premined coins. But tried 5 different pools, and all couldnt stay working for more than 20 seconds before having my worker sit idle... F that. Im back to mining something that will actually be worth something.
It wasn't 2000 premined tbh. The first pool went up when 1000 blocks were mined. 1k out of 200k. Or lets say 2k blocks then. That's 1% and I think it will be used for giveaways and promotions!
There's no premine, it's exactly like the moon coin launch. You had to be on the lucky pool to mine at diff 0.00x. You would have get something like a few millions of COYE, dumpable for a few BTC at the very first exchange (coinedup/coinex).
Yes this is a lottery.
Last time I checked, MoonCoin didnt premine but the other pools just werent as stable as multipool. Coinye on the other-hand said they were going to premine before it went live. I just didnt realize it was going to be so much. And I also didnt realize how bad some pool sites are. So maybe one of the bigger differences is I didnt realize how good I had it with multipool. check out this premine coinye discussion