Re: [ANN] MON | Monocle | Merge Mined on VTC Vertcoin - No Premine

WTB 100 MON for 0.05 BTC

I will have to disappoint you, expected price of 100 MON is much more than what you offer (0.05) maybe if you remove one zero - 100 MON for 0.5 BTC

Quote from: BorisTheSpider on April 26, 2014, 06:50:52 PM

Specifications:

Premine: Zero
Algorithm: Scrypt-N, merge-mineable on the VTC chain

Total circulation: 8.4 million MON

Only 8.4 million MON less than BTC or LTC or VTC Wink

Except you get MON for "free" while mining for VTC, so there's absolutely no reason to expect MON to approach such a high valuation.

What this guy said.

I spent 2 hours setting up merge mining on my local machine. I am still getting the exact same amount of VTC, but now also have a few hundred MON sitting around that I got for 'free' essentially.

I'm surprised you're getting the exact same amount of VTC considering the average network speed has been 20% higher since MON launched vs the days preceding it - perhaps you've just been lucky... but the VTC return for everybody else, on average, has already dropped about 20%. Once word gets out and ASICs completely squeeze out GPUs on Scrypt coins, the VTC+MON combo will surely be the most attractive Scrypt-N option. It's easy to say it's "free" but your mining ROI is about 25% lower than some of the other Scrypt-N coins if you ignore the potential value of MON.