NEW BUYERS BEWARE! YOU ARE VICTIMS OF A HUGE DUMP COMING YOUR WAY!
THIS COIN IS A SCAM! HUGE HUGE HUGE SCAM!
DO YOU KNOW WHAT INSTAMINE MEANS?
Darkcoin
derived from Quark
type of algorithm: blake, bmw, groestl, keccak, jh, stein
PoW and PoS
The following data and time stamps were collected from the Darkcoin blockchain 32).
Block 1: 2014-01-19 Time: 3:54:41
Block 1000 : 2014-01-19 Time: 4:33:39
Block 2000: 2014-01-19 Time: 06:25:47
Block 3000: 2014-01-19 Time: 09:10:16
Block 3250: 2014-01-19 Time: 11:22:11
Looking at this data, we see that Darkcoin was mined with 500 DRK generated per block from the get go. From block 1 to at least block 3250, according to their blockchain, they were still producing 500 coins each block. The transition from 500 to 277 coins per block occurs between 3250 and 3500 but this author did not see the necessity of getting the exact moment of halving. Simple math shows that 3250 blocks multiplied by 500 coins a block is 1,625,000 Darkcoins created between the times of 3:54 and 11:22 on January 19th, 2014. As of today there are around 4,300,000 DRK in existence, making this a pretty hefty instamine. The Darkcoin website expects around 22,000,000 DRK to be created. That means in less than 8 hours, almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day.
almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day.
almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day.
almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day.
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#blockchain_data