instamine
instamine noun: an event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners.
Noun
instamine (plural instamines)
- An event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners.
- An instamine can act the same way as a premine, where the developers get the majority of the initial coins, if the developers operate a large percentage of the mining horsepower during the instamine. […] The argument for premines and instamines is that they rightfully reward the people who were...2014 June 13, Black Market Cryptocurrencies, page 49
Verb
instamine (third-person singular simple present instamines, present participle instamining, simple past and past participle instamined)
- To mine a cryptocurrency in this manner.
- Instamined and fastmined coins can encourage the few initial miners with a large amount of coins to dump their coins when the price rises.2014 June 13, Black Market Cryptocurrencies, pages 49-50
- Put easily, instamining is a method that enables coins to be issued unfairly or unevenly.2019 September 23, Prasanna Peshkar, “Instamine vs Premine”, in Cryptoticker, archived from the original on 09 Nov 2024
- To mine a material instantly.
- I was curious what it would take, so doing some calculations based on instamining hardstone, and comparing hardness, I've determined you need 45k mining speed to instamine mithril. 11.25k with mining speed boost. Is this achievable? Well, looking at the ways of increasing speed on the wiki: […]2022 August 24, Yazinator, Hypixel Forums, archived from the original on 09 Nov 2024
Synonyms of instamine
Forms of instamine
| Noun | |
|---|---|
| plural | instamines |
| Verb | |
| third-person singular present | instamines |
| present participle | instamining |
| past participle | instamined |
| past | instamined |
Origin of instamine
From insta- + mine.
Questions about instamine
- What does instamine mean?
- Instamine means an event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners.
- What part of speech is instamine?
- Instamine can be a noun or a verb.
- What is the plural of instamine?
- The plural of instamine is instamines.
Words near instamine in the dictionary
Source and license
Adapted from Wiktionary: instamine (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “instamine.” Word.ws, https://word.ws/instamine. Based on Wiktionary, CC BY-SA 4.0.