Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Faircoin - The First Fairly Distributed COIN -10 minutes to launch
by
MisO69
on 06/03/2014, 19:48:26 UTC
you guys should really read the coin description before you start mining for no reason, it's a 100% premined coin
the mining is just to approve transactions, along with proof of stake


OMG... i actually had no idea it was 100% premine.

Miners are needed to sustain transactions anyway

yeah, but what's in it for the miners if 100% premine?

NOTHING

I figured people could turn on their wallet miner to keep the network going. Setgenerate true 1 would do fine. I would never point one of my GPUs at this.