Post
Topic
Board Announcements (Altcoins)
Re: [ANN] microCoin MRC - alcurEX - Scrypt-Jane - nFactor - Mandatory wallet update!
by
Bansheroom
on 21/03/2014, 16:33:39 UTC
Special for You guys I did some rough calculations just to get the picture.

In first ~4 months
25 500 010 000   coins will be mined out.

Then assuming that all the remaining coins will be mined out between 10000-1000 block reward phase (which is for Your favour,cause I don't take 1000 block reward into consideration).
74 499 990 000 / 4500 * 100 (avg payout * 0.01 decreament to get number of blocks it will take to reach 1k block reward in that period)

it gives
1655555333 which is a number of blocks required to mine that 74 499 990 000 MRC
Since block time is 32 second so
1655555333 * 32 = 52977770667 seconds required to get ~max supply (don't take 1k into consideration, but it would even increase that period!!!)

52977770667  seconds is = 1679 years...

So  1/4 of coins were mined out in 4 months, while 3/4 of coins will be mined out in 1679 years

that's why i didn't bother to calculate it, cause it was that OBVIOUS

Now can You explain me, who would invest in that business model? Cause MRC is not bitcoin..is not pioneer..and it will be impossible to mine with GPU's quite quick...check out ybcoin, where current R9 290s can achieve astonishing speed of 1,8kh/s with n-factor 14....and microcoin will be there
Time: 1405727099 19 Jun 2014 N: 32768 Nfactor: 14

So..tell me know..how this can work ?Smiley
I know, alCurex and MRC/USD will fix that problem  Grin




Simply understand the fact that nework hasrate only matters when someone is able to provide 51% (quickly).
1 MH/s is as secure as 1 GH/s when one algo is 1000 times harder than the other....