I am totally lost with mining, despite having read posts and OP.
Who can mine ? Only genesis adressees ?
If so, are the 32000 coins blocked ?
If so, only mined coins can be transfered and sold ?
If I transfer 50% of my coins from my genesis adress to another adress or for sell on exchanges, what does happens with mining ?
May the receiver adress mine also ?
Who can mine ? Only genesis adressees ? yes
If so, are the 32000 coins blocked ?Not entirely, every day each Genesis Address gets about 1.84 MNE in their available balance.
All Genesis Address at this moment have around 18 coins available (We place a 10 days mining in advance so everyone have already some coins by default in their addresses)
If so, only mined coins can be transfered and sold ?At first, only Genesis Addresses are able to transfer, but as soon as they are transferred from a Genesis Addresses they are free to be transferred without any limitations.
If I transfer 50% of my coins from my genesis adress to another adress or for sell on exchanges, what does happens with mining ?
May the receiver adress mine also ?For you to be able to transfer 50% of the coins (16000) you will have to wait about 23 years.
Refer to the Mining section of this post for more details:
https://bt.irlbtc.com/view/1867535.msg18681016#msg18681016Addresses other than Genesis Addresses cannot mine.
Very clear ! Thanks !
It is genius, because :
1/ Everyone who has entered his adress has a kind of masternodes, for life.
2/ 99,99% of coins are blocked, so each coin is very rare. Remember ZCASH when entering markets at 2000 BTC each ?
3/ Very few will sell. It remembers me a old coin, named savecoin. There were an automatic airdrop each day for holders. The coin made X7500 at some point on bittrex. Nobody wanted to sell, never.
Huge future for MNE !
