The .02% was a typo right? It would 2%. I'm not sure you can figure this out from coinmarket cap. Safer bet would be looking at the hashrate on Nicehash and take part of that. The only big ASIC alt-coin right now is Litecoin, so you can exclude that.
All the cryptos are in the shitter right now. Pretty much everything is going negative at this point. Things like Nicehash don't take into account big farms running private pools as well.
I wouldn't be worried about people ripping off the miner, there are ways of dealing with that, but they take time and money. Encryption, authentication, and verification. Those are just the brute force methods too.
A startup isn't something that makes big money. It's something that gets off the ground. Half a million per year in revenue is enough for a small company employing like 10 people with pretty decent wages. I was originally looking at something like 5-7 people as well. Guess coinmarket math is another way of looking at it.
Scrypt and sha256 based coins are all asic now. Single algo coins like whirlpoolx, blake, keccak are all FPGA. and then we have a few algos left. The biggest problem with a 2% miner is that it has to be the fastest in the world at all times. This is very difficult. People like DJM34 and wolf0 could easily add a few percent to most of the algos out there. Close the source and be a competetor, and then we will be out of business..
Yeah there aren't much in the way of keccak/whirl/blake coins. This is one of the unfortunate times where one of them got pumped this month (DGB) and all the GPU miners lost out on it. However, before this point they didn't make a difference. The only real scrypt coins are Litecoin and Doge.
Coinmarketcap only covers volume and not mining. It's impossible to tell based on CMC what's actually being held onto and what's being mined and dumped on a daily basis.
Yup, you'd need to be the best in the world. You're assuming that people that basically do this for a hobby that commend the pay of a full time job make the best possible kernels. Like I mentioned before, there is almost no competition in the kernel market... especially with the lack of a marketplace.
Just because you don't own something doesn't mean you can't say anything. If no one uses their exchange it will die. Conversely if they're the only game in town and they rape you out the asshole (price gouge) you will also die. If there is a better method and you believe that it would help everyone out (not just you) in the long run, you definitely should say something. That's about making a proper business relationship.
We all depend on each other, willingly choking one half to build a shit palace wont help you in the long run as the fat-cats you're employed by will eventually get big enough to hire their own talent.
It's actually sorta weird that there isn't more competition in the Kernel scene and the only reason I can think this exists is because you guys keep that you sell them and how much they're sold for so hush-hush.
If Nicehash wanted to help, putting aside making their own miner, they should make a marketplace for buying and selling kernels. I think that would improve things immensely.
You have said something - now drop the mic. You're harping on it, and insulting people when they don't want to, while not doing anything about it yourself.
By the way, I'd happily sell you a private kernel if I thought you wouldn't release it - honestly, while I don't like you, that doesn't matter one iota to me.
I'm sure you would... I would buy your kernel if I thought you were going to actually sell it to me... or something. We already covered this and I'm not the only one you wont sell your kernels to, same thing with DJM, and it has nothing to do with reselling them. I actually participate on the forums which should be telling in and of itself.
I'm not insulting people who don't want to do it. I don't think I directed insults at anyone at any point in time. I did say however you lost me a lot of money. And if you find that offensive, which you should, perhaps you should do something to remedy that. Like not making the rich richer and leaving all the small miners out on the curb, and there are ways of doing that which I suggested. And we can look at examples of it working too... like Claymore.