Quote from: relm9 on January 28, 2014, 09:55:06 PM

Quote from: MisO69 on January 28, 2014, 04:42:23 PM

Quote from: Diziet on January 28, 2014, 03:56:08 PM

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.

Whoa, 20,000?

How is that good distribution? Considering it would take over 2000 4 core servers mining for an entire month to get that many coins now, and you got them in like a day.

This coin is overvalued with the amount in circulation right now, at $0.8 it already has a $973k market cap, and doesn't have anywhere near the amount of community/dev support as other coins in this tier. Some people think it's going to hit $8-10 a coin soon... that would mean a cap of over $10 million. I don't see this happening, at least not anytime soon.

i agree with, most of miners dreaming about 6-8$ for MTC, now they asking for 0.80$, but reallity is this coin isnt worth more than 0.10$... at least until hits major exchange sites. and then i think is will be price between QUARK and WorldCoin.

discl. i have MTC, 337 mined, 500 bought for 0.08BTC and 300 for 0.03BTC in next six months if this coin reach major exchanges im expecting 2-3$ if not this will be worthless.