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Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
I'm curious how you determined what a pre-mine of 0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?
Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.
Isn't it kind of sneaky to take a premine for coins that wont exist for 100 years or may never exist at all?
If they took a premine of all the coins that would exist in 100 years that would be roughly 1,004,000,000 (0.1%).
So they took a premine of coins that wont even be mined until long after were dead? Are you fucking kidding me?
To put it in perspective:
The developer holds more coins now than everyone in the world will mine collectively for over 8.5 years.
Who is dumb enough to support this coin?
Your math is just wrong. In the first year there will be 14,824,000,000 coins mined. Nearly 150 million have already been mined, plus the devs are releasing plenty through giveaways, faucets, and bounties.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Block 1 gives a 0.1% Premine.
Premine of 90 Billion coins?
Premine of 90 Billion coins?
according to OP:
Distribution
1st Year 14,824,000,000
From then on 10,512,000,000/yr (still not as bad as the federal reserve)
1st Year 14,824,000,000
From then on 10,512,000,000/yr (still not as bad as the federal reserve)
Premine should be 14,824,000 shouldn't it?
Can anyone confirm a 90 bill premine?
It's 0.1% of the total 1 trillion coins, which equates to a one billion coin pre-mine.
Not sure where he got 90 billion from.
Where do you see the maxcoins though? The OP made no mention of 1 trillion.
It's listed here under CoinCap https://github.com/magicinternetmoney/mim
Edit: It was also mentioned by the dev in post #29
I'm curious how you determined what a pre-mine of 0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?
Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Block 1 gives a 0.1% Premine.
Premine of 90 Billion coins?
Premine of 90 Billion coins?
according to OP:
Distribution
1st Year 14,824,000,000
From then on 10,512,000,000/yr (still not as bad as the federal reserve)
1st Year 14,824,000,000
From then on 10,512,000,000/yr (still not as bad as the federal reserve)
Premine should be 14,824,000 shouldn't it?
Can anyone confirm a 90 bill premine?
It's 0.1% of the total 1 trillion coins, which equates to a one billion coin pre-mine.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: [ANN][KARM] Karmacoin - No Pre-mine! 6 Exchanges - URGENT WALLET UPDATE!
I'm not even getting any unconfirmed from http://pool.karmacoin.info/
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
Net hashrate has gone down considerably over the last 30 minutes... Some other coin launched I presume.
Looks like that was probably the release of Beecoin.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
I... I don't get it.
Re: [ANN][RELAUNCH] SUN COIN - NEW QTs, NEW CODE, WORKING POOLS - MINE NOW!
I agree to fees and I know the cost but for a new coin is good to start at 0% to motivate people to mine it.. Just my opinion. I pay fees and if not, I donate.
Keep up the good work though!
Keep up the good work though!
Don't complain about the fees, I just lost 631.7 coins to the "trusted" sun.c0inz.com pool.
Same, although for me it was 800.
Re: [ANN][RELAUNCH] SUN COIN - NEW QTs, NEW CODE, WORKING POOLS - MINE NOW!
![http://i.imgur.com/yq03cvk.jpg]http://i.imgur.com/yq03cvk.jpg](http://i.imgur.com/yq03cvk.jpg]http://i.imgur.com/yq03cvk.jpg){kind=link}
Well crap, spent all night mining from there.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you belive in magic? ♦
I'm curious how you determined what a pre-mine of 0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?
Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.
So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.
Now you know why the bounties pay so much. We will be giving tons away.
Which is great to an extent, but that only puts it into the hands of people who will want to dump even sooner. My only advice is to hold off on getting on an exchange for as long as possible.
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you belive in magic? ♦
I'm curious how you determined what a pre-mine of 0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?
Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.
So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.