Re: SpeedCoin - Now Available - Crypto-currency savings account

Hmmm 2000 coins for .45 BTC would that not make the 1million premine coins worth 200k usd?

Or best offer. It's 1 coin per block, what you expected?

I was wrong, it would make that premined coins worth 5million! I am new, just asking if this is normal?

Also if thats the case, Wouldnt you want to keep 2000 coins, thats 1/500th of all coins that will ever be mined!

Like I said I am new, but something just seems odd here to me, could someone help me understand if I am understanding whats going on here?

I like the idea of mining these coins, how ever, am I missing how a value is put on a coin, special with such a high premined?

I have got 5K coins, I am selling a part of my stake because I need money.

So what you are saying is, the first miners with good gear can come in and farm 1/500th of the coins in a quick time, then after that it becomes more difficult for the coins to be mined, so the next 5000 coins may take a lot longer, therefor making the 1k you saved worth more, well the person you sold the 4k coins to now holds your majority of the stake, and hopes the prices keep going up?

So it wouldnt be normal for lets say 30 people to have 5k coins? because that would mean 1/10th of all the coins minable would be gone already??

I mined it with gpu. No one with ASICs interested in this shitcoin, huge premine, but dev so hungry so he did 1 coin per block, so it's 50 percent premine actually. He is going to dump this coin ASAP and won't let anyone else mined coins. Scamcoin, shitcoin, etc... keep out of this shit.