Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System

From a purely moral standpoint, I think refusing to pay inactive addresses is wrong. It's due payment for past work, it shouldn't be pushed back indefinitely. It also punishes the creation of new addresses, which beats one of the selling points of mining here ("virgin coins"). There is already a "new address tax", there shouldn't be any more.

New address tax?

Yeah well, nothing significant, but whenever you create a new account you increase the cumulative rounding down. It's just a little, but it's something (you are on average (~0.67 BTC/2) * number_of_addresses overdue).

This doesn't make sense. What rounding down?

Correct me if I'm wrong.

You aren't paid until you reach the threshold, and then you're only paid for what you mined up to that point. So, at any instant other than when you've just been paid, you're overdue an amount X, that's between 0 and the threshold (can be a bit more but let's forget about that). Statistically, you're overdue half the amount of the threshold on average, multiplied by the number of addresses.