Quote from: JonBoy on January 10, 2014, 04:09:41 PM

Quote from: hilariousandco on January 10, 2014, 03:58:43 PM

Quote from: JonBoy on January 10, 2014, 03:31:19 PM

The thing that most annoys me about new alt coins is the fact that most have been pre-mined to ridiculous levels.

As a miner I would like for the coin I choose to mine to be a success and new coins coming into existing which have been pre-mined up to 7% and more are such a dissappoinment.

Don't mine or deal with any that are pre-mined then.

Good idea, but some alt coins that have a backing of a successful entity (like for example the MMC guys) have a better chance of success than others. So not mining something that has a good chance of success just because it has been pre-mined becomes my dilemma. I would like to just ignore all that are pre-mined, but not sure if this is the best strategy.

Well you can't have it both ways. People are always going to try profit of scams any way they can. If people refused to mine any coin that was pre-mined then we wouldn't have this problem, but that'll never happen unfortunately.