Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
Este Nuno
on 23/01/2015, 07:57:01 UTC

EDIT: Just thought of something. Why aren't the devs and fanbois on slack mining this coin?  Either with their miners or rented hash? Surely that would be the first thing they would do to support the coin, unless??  No I don't wish to be part of the slack group. What's the point? Obviously nothing happening there...  Fuck, I'd like my donation back, think it was ~ 0.25 BTC back when the project was exciting and BTC was worth something.  Oh well, it was a donation - should have given it to the Salvation Army or such like Smiley Live and learn but the clock is ticking........

People aren't renting miners because there's no point in renting miners. A lot of people don't see the network as a problem right now, as reduced supply is a good thing while things are still getting going.

I think the network will be fixed through a market based solution rather than through renting a bunch of hash. Renting hash is a temporary solution, but a healthy market with people buying marks is a long term one.

I somewhat disagree with this because use encourages development and can cause excitement.  A stuck chain limits use.

I haven't been following this coin much.  Did the devs update with a fix for difficulty retargeting when we do cross 468xx?

Thing is with Bitmark all our intended significant usage is meant to happen off-chain anyway. So in the very short term it's not really going to matter. Getting people mining it is as simple as putting up a sufficient amount of BTC at whatever price it takes to make it profitable for miners.

No change in the algorithm yet, as we've yet to really go through a period of demand to see whether it will perform as intended. But there are people working on a new chain right now testing some potential changes if necessary.