Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency
by
jc12345
on 20/06/2014, 13:51:59 UTC
Mineral can you answer me something please

"Outdated info, POW stage is over:

These are the only legit pools that you can mine Minerals at:

SCV (1% fee) US East (N. Virginia)
DRONE (1% fee) EU (Ireland)
PROBE (1% fee) US West (N. California)
MULE (1% fee) US West (Oregon)
REFINERY (1% fee) Asia Pacific (Singapore)
EXCTRACTOR (1% fee) South America (São Paulo)
"

If you had 6 pools charging a one percent fee, and you were the only place to go to to mine the coins for the entire POW stage. Doesnt this mean that at the end of the POW stage you had 6% of all coins??

Does this seem fair to everyone?

Please let me know as I am curious if my math is wrong. Its early so it may very well be lol




your math is bad, they got 0.01 x blocks mined in pool A + 0.01 x blocks mined in pool B + .... = 0.01 x Total number of blocks/coins => 1%


Where i am getting this from is they owned all 6 pools, Like i said not accsuing just asking to calrify it for me.

But its nice to see people get so but hurt out of me asking for an explanation lol.

So they general consensus is that Mineral ended up with 1% of the total coins? . Did anyone else end up with 1% of the total coins?

If it was run by the other pools and they all asked 1% fee, the pool operators would have ended up with 1% of the coins. It is an irrelevant expense as the 1% would have been incurred in anyways. This is exactly why the big pool operators are upset because they wanted the 1%.