Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Faircoin - The First Fairly Distributed COIN -10 minutes to launch
by
bitdraw
on 06/03/2014, 19:51:36 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 think you still get transaction fees, plus the small block reward.

i might just add very little hash power to help sustain the network, no need for a full high performance rig. bitcoin was sustained
with cpu's too, i dont really see a problem. if noone want to mine, you mine with your 10 year old pc.