I ran the numbers on some of the other newer coins to compare the value of new coins released per day (values converted to btc)
Hopefully this will help alleviate some of the concerns from the members that think an absurd amount of new coins are being minted every day.
KDC: 110k coins @ 0.000055btc = 6.05btc / day
DOGE: 720million coins @ 0.00000198 = 1427btc / day
MEOW: 14.544million coins @ 0.00000033 = 47btc / day
CAT: 7200 coins @ 0.0003568btc = 2.56btc / day
USDe: 6.2million coins @ 0.00000125 = 7.75btc / day
Noble: 7.2million coins @ 0.00000115 = 8.27btc / day
TIPS: 3.6billion @ 0.00000001 = 36btc / day
VERT: 28.8k @ 0.005639 = 162btc / day
I ran these calculations fairly quickly so if someone wants to double check my numbers feel free.
**Note for CAT** I may have missed something on that number. They claim in their post that 7200 coins are released per day but that would mean they should have about 400k in circulation at this point when in reality they have over a million coins in circulation. Not sure what is causing the discrepancy.
look at the buy support on those though we have none given how much is being mined and dumped there are just not enough people still wanting this coin to keep up. That is why with the help of the mt.gox BS this coin's price is going to crap fast... You can only throw so much at new buyers before you run out.