Earthcoin is another one of those crapcoins with some minor tweak that tries to pass itself off as a gamechanger. In this case, a slightly fluctuating block reward, supposedly in accordance with earth’s rotation, is this coin’s ‘killer feature’. Is this really what catches the altcoin scene’s attention now? Gimmicky block reward mechanisms? A 58 page forum thread would make it appear that way.
Earthcoin is being promoted heavily by a lot of sockpuppet accounts with <30 activity rating. This immediately throws up a bunch of red flags, and is always indicative of something shady going on. So, I began to search for a motive. Tucked neatly away in the the main post is this little gem: “Premined 2% for promotions, giveaway, bounties, dev and long term support.” With a total of 13,500,000,000 coins, that makes this ‘2%’ premine consist of a whopping 270,000,000 coins. Earthcoin also had superblocks, making it not only massively premined, but instamined as well. What a winner of a coin!
If history has taught us anything, these premined coins are not going to be used for their stated purpose. They are going to be dumped onto anyone who’s foolish enough buy them. There is nothing unique or exciting about Earthcoin. It’s just another pathetic attempt to fleece people of their money.
Thanks for the information, another crapcoin to avoid.
Good info. What do you think about AndroidsToken?
Too many scumcoins released these days…
Scam a lot. But, instamined and massively premined in conjunction with feature algorithms in accordance with earth’s rotation makes it more resistant cryptographic phenomenon compared to other mutations.
Block reward algorithms do not offer security, and certainly do not make it more “resistant”, whatever that means.
Of course, the algorithm it self does not provide good stability of money. Matter who and how they regulate. Who regulates cryptocurrency?
Hazard disapproves of anyone being compensated for their efforts, except himself , of course. He did not release, will not profit, and in turn slander this coin. That’s how he rolls…
People said the same thing back when i was slamming phenixcoin… They all shut up real quick when that premine got dumped.
The ad hominem is cute and all, but historically, I’ve been on the right side of things more often than not.
Well, it is not more scam than other coins and just because it is premined, and openly declared it as such, does not make it a scam.
Time will tell. It is not easy to introduce new coins and make them fly. So use your gut feeling – I personally see it as rather cheap lottery ticket that just might give me some profit. 😀
Thanks for the heads up hazard.. ive mined to much of this to simply stop but i will make sure to dump as soon as they hit the exchange..
This coin was designed so not all pools can mine them.
Some ppl claim to provide fixes for that. But those fixes actually don’t work
Only the bigger pool operators that are connected with the dev of the coin are able to get blocks. This is a genius scam
Well, only thing that I know is that I had a x4 output mining this coin and turning it into LTC than if I had straightly mined LTC.
So, I hope all scam coins are like this!
Please don’t mine EAC for your own safety
Lol 2% pre-mine! Scaaaam! ahaha
NXT is 100% pre-mined from genesys block and everyone masturbate on it!
Oh such nice coin! 2nd generatioN! yeah! 100% distributed to 70 people!
all other coins, with 2% premine are babys in comparison with NXT.
70 holder rule the market and suck all money from dumb people!
I admire this scam coin, pure perfect concept of crypto-slavery.
Like we don’t get enough with banks in real life already. pff.
Were a couple of weeks into the coin now, any chance of thought or do we still believe this is a scamcoin?
props to you i was one of ONLY peopel on coinex thinking this coin suck, and peopel started saying i missed the boat.. kids this days have no rules.