Quote from: Shadow_Runner on June 29, 2014, 08:01:19 AM

Quote from: ActualAdviceBTC on June 28, 2014, 05:38:37 AM

Quote from: supertu on June 27, 2014, 03:23:38 AM

Hi,i am a newbie.I just want to figure out the words were always appeared in many talking in order to understand completely.

So any1 can tell me what's the difference about Ninja-mine,Instamine,Premine?

thx a lot!

instamine = dev mines at low difficulty before anyone gets a chance to, usually while pretending theres no premine or in combo with high rewards for early blocks. its just means that you plunk so much hash on the coin that difficulty doesnt have time to adjust, so blocks are found almost instantly (or at least way lower than the target time)
premine = dev starts out with, well, premined coins

i think you mean ninjalaunch, not ninja mine.
ninjalaunch = dev starts the mining process without giving advance notice, or maybe he does but doesnt provide a countdown to exact time

Actually:

Instamine = mining at low difficulty for everyone if DEV gives wallet at time. I have experience with instamine from 1st block.

NinjaLaunch = Launch without notice, but you can always type getmininginfo and see how many blocks already mined. Sometimes coins launches with really many blocks mined already, sometimes I see 5-10 blocks after download wallet.

About this coin, see my post https://bitcointalk.org/index.php?topic=663102.msg7497565#msg7497565
At 14 blocks I already had ~150 coins.

right, i think both your answer and the previous one are accurate and consistent. the previous one is a bit more cynical though,, maybe if password was kept until launch there can be a 'fair' instamine Roll Eyes