Quote from: Redwatch on March 10, 2014, 01:57:54 PM

About finding blocks it says:

512,000 coins per block, with a 50% chance(1/2) of finding 1028000 for the first day
512,000 coins per block, with a 25% chance(1/4) of finding 1028000 on the second day
256,000 coins per block with a 12.5% chance(1/8) of finding 1028000 for the next 2 days
128,000 coins per block with a 6.25% chance(1/16) of finding 1028000 for the next 4 days

There is a blocktime of 30 seconds, but we are already mining 128.000 coins/block.

No we are at block 10.048, that should be after approximately 3,5 day: 256.000 coins/block.

What am I missing or not understanding? Premine?

As far as I read here, there was a piece of code written a bit different to make it even more decreasing (sorta bug I think lol). Can't comment on that, tho, because it's over already.
It might tho be simply because we had huge network hash and things went faster.

Pre-mine was an issue at first, one of three involved got away and that's it. If I'm correct - and according to the info I have, pre-mine was already sold at this prices, which is a laugh, for the whole situation.
(personally I can't believe someone ran with 0.23 to max 0.46 btc, but well). With current volume in past 2 days, it's a drop in ocean.

Current guys have less than 1.5 mil in total coins, according to the post above. I believe it's truth because I talked to the guy and he really seems straight up.
On the other hand, if you ask me - with premine sold at this prices, there is for sure no issue with any future with this coin. Because, you know, aside huge miners, nobody can dump prices once the weird (unlogical) dump at 1 stops (which is funny too because with what you can mine, most you can make is dunno, few of % of btc a day - and that's for a BIG miner stat, anyone with less than 2KH/s certainly has no profit calculation right - but again - beats me why people do it lol)

We're having much work today, many new stuff will happen, wait for it a bit

Happy cooking, bitches! Cheesy