Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | Mining Period Started
1) are miners the luckiest people in the world right now with this coin
or
2) did I (we) pay way too much for this coin during the ICO
I ask because I got in on the ICO and I am also a mining this coin right now.
In 12 hours mining with 260 MH/s of mining power I mined the equivalent of what I paid $275 for during the ICO.
and of course to put that in perspective - on a good day I would make $60 mining other coins with my 260 Mh/s --- so to think that I just made $275 mining SEED with my 260 Mh/s of mining power is very troublesome to say the least as an investor in this coin.
I never imagined it would be so easy for miners to mine the equivalent of what I paid so much for and we're only on block 850 right now....
this is not looking good...
or
2) did I (we) pay way too much for this coin during the ICO
I ask because I got in on the ICO and I am also a mining this coin right now.
In 12 hours mining with 260 MH/s of mining power I mined the equivalent of what I paid $275 for during the ICO.
and of course to put that in perspective - on a good day I would make $60 mining other coins with my 260 Mh/s --- so to think that I just made $275 mining SEED with my 260 Mh/s of mining power is very troublesome to say the least as an investor in this coin.
I never imagined it would be so easy for miners to mine the equivalent of what I paid so much for and we're only on block 850 right now....
this is not looking good...
Im guessing he priced the coin based on the 1 million total possible count, since it is 10 million possible now and the coin will be way less rare I would say you paid too much. . . As far as how profitable mining is this is the first time I am mining and can say I have no idea lol
The dev said he decided to keep it at 10 million because 259% was the advertised rate... but 1 million coins was also advertized. I feel bad for the dev in a way. I think it was an honest mistake, but I also think he profited from it (maybe, with cheaper coins he may have sold much more). I like the idea, and am mining it (only at 14MH/s so not gonna get rich here
). But I feel bad for the guys that bought a coin thinking there were only 1 million possible coins, and now know there will be much more. They definitely didnt profit from the mistake.