How does the concept of premining coins work?
For example, bitcoin gold is said to have 16,000 blocks premined. Well, at the current block reward of 12.5 bitcoins, 16000*12.5= 200,000 coins will premined for the developers which sounds sort of like a scam to me.
Anyways, how is this possible? Miners get rewarded for transactions they process. How do coins get premined on future blocks before being released?