Thank you to Nagatraju for making this. There will be video tutorials with specific examples coming soon as well.
This is interesting video to make clear the concept of this project but people need more videos like tutorial to mine this coin. Any update about exchanges when it will be functional for trading.
Once people figure out how many coins will actually be in circulation I guess the urge for an exchange will even increase. Over 2400 pairs x 1250 coins (assuming on average all pairs mined at least once, noticed the offered genesis account was already mined 10 x), means people will take 3mio coins to the exchange. Minereum has 700k coins in circulation and exchanges for roughly $2 so we could expect a first rough trading value of $0.40 per TME coin. Less then 3mio coins is always a lot better but then there is a huge risk of inflation if each year the total number of coins in circulation is increased by >4 mio. If everybody holds on to their coins for a while the inflation will be huge at the end of the 10 years period :-) So it's not only mining but also gambling to a certain extend on what others have done in terms of bringing coins into circulation. Just keep track on the coins in circulation vs. the maximum hypothetical amount of coins and you know when to sell basically to beat rapid inflation :-)
Minereum's mining process is fixed by day and still it suffers some inflation in periods that the trading levels are low. Imagine what would happen if TME trades at 5$ and all miners think that's a nice price to bring additional coins to the market?? That's a huge risk for holders of TME that do not have mining capacity since they did not participate in the airdrop. Smart people will eventually figure this out but I think it's also a task for the community to really temper your greed when trading starts to prevent hyper inflation in the incubation period of TME
O yeah, if everybody mines 10 batches now there will be 30 mio coins in circulation and that would be the max.
0.40$ per coin at the start? No way, u have no idea how many people would insta sell their 12,5k coins for 5k$. Anyway i hope i am wrong, but starting price really doesn't bother me, cuz i am here for a long term.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] TIMEREUM (TME): First manually mined smart contract token.
by
Blaha
on 25/07/2017, 21:35:22 UTC
In my opinion, there is no chance that the average per account will be higher than 20k coins. Just to many hit n run people here.
Post
Topic
BoardTokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
Is there any chance to buy genesis acc in future? Any plan from dev to sell new accs or it's already caped. Ty
you can't really buy genesis addresses as the original owner always know the private keys, so there's always the risk of scam. there is a chance that you will be able to buy genesis addresses for mne 2.0 though.
Yes i know that. I noticed that about new genesis accs a couple of days ago and didnt really know what was that about. So mne 2.0 will be a new coin or there will be a swap? Anyway, thank you for info.
Post
Topic
BoardTokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
by
Blaha
on 25/07/2017, 20:25:17 UTC
Is there any chance to buy genesis acc in future? Any plan from dev to sell new accs or it's already caped. Ty