It's a big SCAM! Why don't the creators of this this coin set a price for the gpu's x coins before they hit the exchanges that way the value of each coin is already set. think about it for a minute... price per coin already set and when it hits the exchanges no problem. otherwise we are mining for what? they could end up telling us you will need ten thousand coins for just one 270x where as I'm only mining 5 coins a day with 3x 280x's. I don't get. or is it only me that see's this?
Yeah,,,it's only you that see's this. Because of the backing of a store front with physical items for sale there should be a high volume trading for this coin. But that is only half of the equation. The half that most new shitcoins don't have. The other half is network difficulty. The more hash, the rarer the coin, the more value. Instant hashrate isn't the only factor in that either tho. Long term, increasing hashrate is. That's why the store won't open for a couple weeks, to encourage more mining and coin value. As long as the IPO holders and big farms don't dump at low prices, this coin has potential to be a huge success. A hash is only worth so much, no matter the popularity of a coin. By my quick, off the hip calculations, a sustained difficulty of 20 to 25 after block rewards start should allow market to maintain a price of .000001BTC to .00000075BTC. I think that should be a absolute minimum target range for this coin. Of, course we are all hoping for a higher price but this would be only possible with an increased difficulty level.
Anyone have any additional thoughts? Or better calculation of estimated market value?
waltsmith