Quote from: cassius69 on May 05, 2014, 11:58:37 PM

Quote from: FalconCrypto on May 05, 2014, 11:56:11 PM

Quote from: cassius69 on May 05, 2014, 11:53:33 PM

Quote from: notsoshifty on May 05, 2014, 11:47:57 PM

Quote from: zewelor on May 05, 2014, 05:20:12 PM

Quote from: notsoshifty on May 05, 2014, 03:21:22 PM

The announcement was made at 19:03:00 UTC (UNIX time 1399230180).

The first 12 blocks totalled 1.5 million coins, which is 0.5% of the total 300 million coins, so that is the advertised premine.

But actually, the first 56 blocks have timestamps earlier than the announcement time (example: block 56 has timestamp 1399230110, i.e. more than one minute before announcement).

And if you assume it takes people a minute or two to download wallets, setup miners, get synced up etc, that is approximately 60 blocks pre-mined.

As the first 50 blocks have extra high rewards, the premine calculations would be:

- 56 blocks is 6.85 million, i.e. 2.3% premine
- 60 blocks is 7.25 million, i.e. 2.4% premine

Before I use bold red letters and the 'S' word, can someone please check I'm not missing something stupid?

I think it was posted earlier here: https://cryptocointalk.com/topic/10780-ann-shibe-shibecoin-powpos-scrypt/ i think its like 10 min earlier posted there ? Thanks for looking into it. I hope there is no hidden "treasure" in the code aka asiacoin style. Anyone can confirm code is clear ?

Thanks for pointing that out. Still, the first 45 blocks are before the cryptocointalk announcement which would make it a minimum of 1.9% premine (17 BTC at 300 satoshi), not the 0.5% premine announced.

there it is. people have been buying the instamine premine.

scam launch. sell this while you still can. only 100 dollars more buy orders left. this coin is dead.

What are you talking about, there is 38 BTC worth of buy orders

really? are you aware the price has dropped from 700 to 211?

are you living in disneyland?

get out. im trying to save you more losses. sell sell sell while u can.

theres more bad news coming. everybody knows it. same thing just happened with asiacoin.

if this coin gets flagged by bittrex detection system for blockchain irregularities they will have to suspend. then how will you get your money out.

I already made my money, I found this coin an hour after launch and mined it. I already cashed out, but I will be buying back in shortly