I watched the NetHash go from 260G down to 45G, so miners are pulling out, I am sure much of it is due to profitability but mostly because of instability. That is all there is to it right now, all things considered, just unstable. Setting of the blocks payout is a red flag alone, to give away 500 blocks at the lowest diff to start off your coin. So many coins out there for so little time and effort, mined by those who were lucky enough to know about it (Devs). The first block was found on SuchPool.pw with 5 miners listed at 3 diff. Zero Premine 100% Insta-mine.
I also just realized I don't really care about ANON functionality anymore since I don't really care who knows how much worthless unusable coin I have in my wallet. Be it Cloak-n-Dagger, DorkCoin, or any other Alt Anon.
Just think about how much these alt coins are devaluing BitCoin by extracting their worth by trading from BTC. Great profits for Exchanges though, pretty much like laundering Alt Coins into BitCoin.
Since Early,
CryptoNick
So right off the bat every coin has 5000 miners to mine the first few blocks? There will always be the frst 2 or 3 that mine the first blocks. Its called solo mining regardless. It sucks when ppl post unfounded bs like this.