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.
Solo Mining? What are you talking about? Soon as the pools start it is 500 coins per block for any pool or solo miner. Look at the Block structure and the diff starts at zero! 500 coins Per block, have you even looked at the Crypt Structure? This means large amounts of coin to small amounts of miners, and at the least amount of Diff, again handed over to miners who knew about the start (DEV's can play dumb or be honest and show their wallets). So if you are a DEV you can get in on this, did you know that DEV's can mine their coin even if they say there was no Pre-Mine?
DEV's Show Us The Money!! What's in Your Wallet?
I don't have a wallet address, what should I reply to you?
Also, please let me tell you something about how one could fool you. Why is it so difficult to create a wallet address on the fly and show to you that it has 0 amount of coins?
I mean, this question has no answer that you can trust. Sorry for stating the obvious, but I believe that before you ask for proof, it's imperative that you know how hard such an evidence can be.
I can't talk on behalf of the others, I don't know what they are doing with their wallets (if they have any) and it's none of my business to ask that.
If you're so interested about it (and I understand your concerns since noone is to be trusted), why don't you use the blockexplorer and find out who is doing what? It's there and I thought that anyone can find all the info required from an investigation of the blockchain, right? Who has which addresses, how many coins they have, everything is there, right?
Or not?