Quote from: CatKiwi on March 15, 2014, 02:13:39 AM

Quote from: XbladeX on March 15, 2014, 02:04:13 AM

Quote from: stormia on March 15, 2014, 12:33:53 AM

....

Stop fixating on the premine, it is but one factor involved in the initial distribution. Lets look at another factor, which involves the other 99% (or 100% in BC's case) of the coin (i.e. lets pay attention to where the majority of the coins are going, which is more important): 1 week of mining versus 5 weeks of mining. So.. approx 99% of PoW Mint was distributed over 5 weeks, whereas 100% of PoW BC was distributed over 1 week. This analysis is far from perfect because there are too many factors involved but lets simplify the model to get the point across by assuming the same number of miners join per week for each coin, that would give Mintcoin slightly less than 5X the distribution of BC through PoW (slightly less than 5X since its 99% of the coins not 100% being distributed). But, the number of miners that hop on a coin per unit time is not a constant, the more time that passes since the release the more people that learn about and become interested in the coin and begin mining the coin (assuming the release was a good one, and interest in said coin grows). As such, it seems safe to assume that there is a modest acceleration in the number of adopters/time as time since the release of the coin increases. As such, the number of miners/week that started mining Mint during the later weeks is probably larger than the number of miners that joined in the first week for either Mint or BC. So, taking that into consideration, the rate of distribution should increase over time meaning that 5 weeks will result in MORE than 5X the distribution when compared to 1 week of distribution. Of course, this is ignoring the increase in difficulty as a function of time but since both coins experience this the effect should be equivalent for each when weighted relative to the time spent in PoW for each.

Short version: Distribution is not linear with time, I would expect it to have a positive derivative: f(x) = miners/time ; f'(x) is positive aka (miners/time)/time is increasing- meaning that 5 weeks of mining versus 1 week of mining is actually more than 5X the amount of distribution.

After Mint Dev probably dumped premine you should see that premining really have matters...
It can break trust to coin... How many guys here comes here read complains about it and are loosing faith in Mint ?
You have here example why premine have influence.
Early POS stakeholders have to pay from own pocked for development if they don't pay/donate coin will fall down.
Price doesn't matter so much like people who are involved in project biggest BC value are people arround
they have to rise value of coin because is 0 premine.
With premine all thinks that Dev should do everything for them because he has premined for coins.(sadly this is true...)
There is definitely diffrece betwen premine - IPO -or 0 premine.

About mining and distribution look:

10 days regular mining with fixed amount 1000 BC
vs 5x7day with halving

I like numbers ^^

500000   60   24   7   5040000000
250000   60   24   3   1080000000   6120000000 (~amount of mint after 10 days )
250000   60   24   4   1440000000
125000   60   24   7   1260000000
62500   60   24   7   630000000
31250   60   24   7   315000000   3645000000 (~amount of mint from 11-35 day)

So as you see Mint have mined 62% of all coins in 10 days... and 38% in next 25...
BC mined all 100% in 10 days. (Dev has chosen 10 day without halving i don't blame him it could be better or it could be worst).

But saying that Mint distribution is like 5x better than BC is not the best comparison.
How you feel when you start mine Mint in last week and knowing how much at beginning people were mining ? (just rhetorical question ^^...)
1st day BC had 3GHs 2nd 6Ghs....5day 50Ghs(peak)..and 10-20Ghs to end. You know what is 50Ghs.

Stopped reading there. Take your baseless accusations elsewhere. We know you want to buy cheap MINT but claims such as that are unacceptable.

To many guys suggest it too...(i think we have some arguments to think that way...)
There is no sense to talk about it more.
Dev is the one who should explain that to community.

___________________________________________________________

...BTW My mint was't cheap Tongue

@40 i don't have any plans sell them lower.
or buy new one in near future.