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Showing 4 of 4 results by Altris
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Board Announcements (Altcoins)
Re: [ANN][ICO][SEED]PoW Farm - Why rent temporary hashing power? Own it forever.
by
Altris
on 09/08/2017, 15:44:17 UTC
So from your example, if you raise $30k for mining equipment that generates $600 a day everyone would expect to get a return on their investment in 52 days. This of course is assuming the difficulty and probability of the coin mined don't change. What happens when it starts generating less after difficulty increases etc? If you add more mining hardware wouldn't that mean that the initial investors return will slowly shrink overtime unless they keep buying more tokens?

Just trying to wrap my head around this, seems like a good idea in theory.
Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
by
Altris
on 09/08/2017, 15:29:27 UTC
Hello,

I'm new to Minereum and am intrigued by its concept. So from what I understand, for every ETH block mined a MNE block gets generated and disturbed among the genesis addresses which is then divided amount token holders? How much MNE would, lets say holding 1000 MNE generate?

Nothing, since only genesis addresses are getting MNE per block. Genesis addresses are the addresses that got collected during the airdrop. So if you buy 1000 MNE you will generate NO MNE.

So whats the point of this coin then? Doesn't that defeat the purpose of a mining smart contract?
Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
by
Altris
on 09/08/2017, 15:23:07 UTC
Hello,

I'm new to Minereum and am intrigued by its concept. So from what I understand, for every ETH block mined a MNE block gets generated and disturbed among the genesis addresses which is then divided amount token holders? How much MNE would, lets say holding 1000 MNE generate?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][SEED]PoW Farm - Why rent temporary hashing power? Own it forever.
by
Altris
on 09/08/2017, 02:59:47 UTC
I'm intrigued in your concept but you need to provide more details if you want to attract more people. Some questions I have right of the bat;

1. What percentage is taken out daily for the maintenance, is this a static percentage or will this change overtime?

2. How do you plan on scaling this if you receive lots of supporters and grow? Is this strictly a hardware venture or is it going to work off of ETH's upcoming PoS?

3. How will one trade or purchase SEED tokens? Will they be able to be purchased and traded like current coins on exchanges?

4. Is there going to be a wallet?