Re: [ANN] | BlackCoin (BC/BLK) | GoBlackCoin | PoS | No premine | No IPO
Next Cinnin "0%" premine - self moderated thread...Cinni was instamined in cleaver way all blocks 1-600 were mined by one guy with ~600khs
this is about (~4% all supply)(when i posted that fact my thread it was ofcourse deleted as FUD- while it was fact )...3 day instamine
IE - better for us if big holder want to cash out now without major price crash and those guys are making it fair slowly selling of without dump.
Lett them our after some time price will be driven up again.
Hey Blade can You elaborate more on that 600khs premine..I'm curious..
As for the second part I think You're right.
calculation ^^ give me minhttps://litecoin.info/Difficulty
How soon might I expect to generate a block?
time = difficulty * 2**32 / hashrate
Cinni:
time = 15s (block target time) difficulty was ~0,003(allmost highest)
hashrate = (difficulty * 2**32) / time = (0,003* (2^32) ) / 15 = 858 993 hashes per second = 856 khs // not 600khs rather 800 khs diff = solo AMD R9 290
http://cinnichain.info put any block 1- 619 all mined by JaKeKUXxTBh8BTESsH9gtXkBSb5ssEQaoD - mined 663183.731701 CINNI from 15m supply
so this is 660k/15m*100% = 4.4% Solo mine by ONE guy ( looks like SCAM for me)
OFCOURSE all my post were deleted about that. - Do you wonder why ?
hahahow this 1 guy....pulled this out....no one was mining at the same time ? or it was before official release ?