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Topic
Board Announcements (Altcoins)
Re: $BSTY GLOBALBOOST® DuckDuckGo Bittrex Yescrypt Social Networks Manager™ Yesmines
by
MaxDZ8
on 09/04/2015, 08:08:08 UTC
Since I have been asked[1] to write about my position regarding BSTY and I found those legit questions I have decided to cross-post this in both the official and the "takeover" thread.

My interest in this coin stems from the unique algo. Due to life issues, I have been away from programming a couple of years and I really needed to update my skills to modern GPU methodologies. In theory I should be doing something more useful but since mining is a relatively compact problem it's a decent problem for starters.
I have kept an eye on it also because I like the idea of an existing company using an extra tool to grow. If they want to use the coin for profit and it turns out to be a good coin anyway, then we have common interest.

I am an occasional miner. Just to give you an idea, I have mined ~10k MYR in about a year. I don't think I hold any BSTY.
I might or might not mine it in the future, I got no plan. Sure no mining as you guys talk about it: I sell my extra electricity at an higher cost than you would consider "too high to mine".

It seems I have a feat for picking up coins which get screwed.

I had some feelings the hashrate was going low; I was honestly happy that was not my problem. I have difficulty understanding how changing the reward would change anything at this point. The value was nonsensically low last month anyway. I did read somewhere about the reward change; I don't consider it clearly broken even though I don't see much good reasons to do that. I am not against turning profit either so if this change rewarded early adopters more than it rewards current adopters... I cannot even tell if this is good or bad.
Has the BSTY team got "unfair profit" from this? I don't think so. I would have to look at the blockchain. In theory, I am not against that. It doesn't feel like DRK or BCN anyway.


[1] Probably due to being mentioned in this message. Let me be clear, I am mildly amused GPUs are called to the rescue. Everyone who thinks GPUs are "evil" of "nothing new" must have been living under a rock for the last 20 years (ignorant) or on Intel payroll (paid to talk shit).
That said, my miner has stronger priorities right now and I cannot estimate any timeframe for any eventual release including yescrypt even though I have some parts ready. Besides, having a 7750 I cannot offer any support to other models. Sure thing is the last pwxform isn't going to be fast it needs some bigger picture thinking.