DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5.
Try again to fud.
and then, why are you here ?
As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system.
Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up.
That had been said for bitcoin, litecoin, dogecoin & more.
I'll trust you ! @0%
Last time I checked, Litecoin is still at a block reward of 50 LTC per block. Sure difficulty has gone up and where I use to make almost 3500 LTC a day 2 years ago, today I make significantly less. So yeah, I've been around a while and have hardware to back it. BTC was just halved end of 2012 and that was what 3 years of mining with the same reward. Dogecoin I have my own opinion on why it will fail, but this isn't important in this thread.
