Post
Topic
Board Altcoin Discussion
Re: Vertcoin holders! almost 20% of your coins were mined in the first 30 hours
by
missdo
on 26/04/2014, 19:52:27 UTC
Hi,
It is very often in the coins live that a big part of the coin supply is mined in the first several hours.
don't you see that as suspect?

It's often, however, normally it's different miners doing the job, not one miner monopolizing all the outcome.

Here is the detailed explanation how Vertcoin's instamine was mined with a hundred of instances launched 38 minutes after the coin went live and how the rewards were consolidated into few accounts. Nobody else could do that setup but devs.

https://bitcointalk.org/index.php?topic=576107.msg6397907#msg6397907