I'm a newbie in cryptocurrencies, and I am trying to make sense of the claims that this coin will be valuable.
Original announcement:
"50 coins per block
Reward halves every 810,000 blocks"
Client now says the block is at 24172.
That means there are 1208600 coins out there.
It might seems as a valuable coin for those that presently don't even manage to mine one coin in 24 hours. But there are others sitting on more than a million coins?
How much of those coins were generated early, for instance the first two days of the coins existence?
I don't know if this block explorer is genuine, but I guess that it can be used to answer such a question for those that know more:
http://109.230.230.110/mtc/It seems to me, though I don't know how to prove it, that a very large proportion of the coins were generated early.
The coin's difficulty went up quickly when it was launched. I was on the coin the moment it came out. With 65 4 core desktops and a few servers I managed to get 20,000 or so. The rest I have is from Ypool. I think coin distribution is really good. When the coin came out there was only the source and the windows/linux wallets. Beyond that your guess is as good as mine.