Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] ★★ Rubycoin ★★ A precious gem for the digital age
by
Grrizz
on 24/02/2014, 04:44:42 UTC
Quote from: poochi on February 24, 2014, 03:15:13 AM
Quote from: rby on February 11, 2014, 05:53:30 AM
Specifications
Algorithm:Scrypt
Block Reward:For the first 5 months, rewards step down from 500, 250, 125, 75, 50.
Block Target:150 seconds
Difficulty Retargetting:Every block
Max Supply:60 million
Premine:2%
.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.
Multi-pool resistant with Kimoto's Gravity Well



1.2 million coins pre-mine?  seriously?  2% is too much.
2% really isn't that bad, it ends up paying for promotions, give aways and other bounties but should have been clearly announced and if they want to do things completely right they should keep a ledger preferably with wallet addresses.

Reference Noble coin if you want to see how to do a premine properly (and the panda coin if you want to see one done wrong ;P).