Foryears, I have espoused my fervent belief that the best way to measure a coin’s value is the demand to mine it; as in, spending actual capital – be it Bitcoin,or fiat – to invest in mining equipment, pay for hash rate, and store the finished product. Not to mention, the time commitment for such activities; operational risk if mining doesn’t go as planned; and opportunity cost of said time and capital.
In crypto, I’d bet no more than 5% of ALL coins are mined – the vast majority,being ERC20 tokens that quite literally, were fabricated out of thin air…with the “founder” able to give himself as much as he (she) wants. Thus, there is little work put into creating them, and zero work maintaining the network. Even dotcoms had such costs, but not the vast majority of altcoins!
Today,I came across a list of the coins most researched at MiningPoolStats.stream –and...wait for it…the MimbleWimble coin Beam was #1…ahead of Ethereum, Monero,and several other well-known coins. This, despite being for all intents and purposes, a centralized corporate coin, with a supply cap of a whopping 263 million.
Moreover,the second “MimbleWimbleTrinity” coin, Grin, was #11 – despite an equally complex organizational structure (major VC backing) and unlimited supply.
In other words, despite their numerous, glaring flaws – which in my view, maket hem un-investable – the two MimbleWimble coins are cumulatively the most sought after mining investments in crypto. That is, aside from Bitcoin – which cannot be economically mined by retail investors, due to immense costs and competition from institutional producers.
Five weeks from now, on November 11th, the third of the “MimbleWimbleTrinity”coins, MWC, will launch its MainNet – and thus, be mineable by the crypto community. With an equally credible (and thus far, accomplished) development team; lifetime supply of just 20 million(six million of which, are being distributed via FREE airdrop to BTC holders);and a “HODL dividend” of an additional two million MWC for passive investors;we believe MWC will be BY FAR, the most investable MimbleWimble coin. And perhaps, per the above list, the MOST SOUGHT AFTER MINING INVESTMENT IN ALL OF CRYPTO!
The MWC airdrop registration ended July 19th, with MainNet launch yscheduled for November 11th, 2019, and claims on December 11th, 2019. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.