fastmine

Meanings

nounfastmine (plural fastmines)

Synonym of instamine.
An "instamine" or "fastmine" occurs when the currency is released publicly but a large percentage of the coins are mined by just a few miners in the first few days of the coin.
2014 June 13, Black Market Cryptocurrencies, page 49
Synonyms: instamine

verbfastmine (third-person singular simple present fastmines, present participle fastmining, simple past and past participle fastmined)

present singular third person fastmines · participle present fastmining · participle past fastmined · past fastmined

transitiveSynonym of instamine.
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
Synonyms: instamine