RE: Quantitative Analysis of Staking Times in Gridcoin V8 - Live at Block 1010000 with v3.6.0.2

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Quantitative Analysis of Staking Times in Gridcoin V8 - Live at Block 1010000 with v3.6.0.2

in gridcoin •  8 years ago 

What are these preminers?

gridcoin
8 years ago by

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      ·  8 years ago (edited)

    Some coins are mined by the creators at the very start, when there is no competition, before they are properly released. This way, the creators get a large, uncontested stake in the coin. It is generally frowned upon, especially when it is not properly disclosed.

    Gridcoin was not premined.

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      ·  8 years ago (edited)

    Correct. It was not premined, I was there.

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      ·  8 years ago 

    No idea why Kuradikurat downvoted you to hide your comment... Have a boost - you're telling the truth.

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      ·  8 years ago 

    Ha ha I hadn't even noticed, thanks @dutch

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