Coins get pumped because they are too small. It's not just a matter of time to stabilize but their design. Low diff, low value
coins seem to be intended for excessive speculation and manipulation, much like the junior mining in Canada, as I mentioned
once before.
Another analogy with real mining is the constant supply of new product. Gold is continuously being mined and every ounce
that has ever been mined still exists. We have to face the facts that mining altcoins is like the goldrush. And advancement
in mining technology (software in the case of altcoins) is also part of the game and not everyone gets the latest technology.
If you look at the history of many companies they originated as technology companies with a monopoly so they could
market their products at an advantage over the competition that didn't have the technology. It's no different than private miners.
Some develop their own technology organically and some "investors" buy technology.
Ad far as Nicehash goes, it was certainly a disruptive force but unlike most multipools it has it's own rhythm which is good
for profit switching. Sometimes Nicehash pays higher than multipools sometimes lower. Multipools have disappeared
because they have become a commodity. Every pool is almost identical. They have mostly the same algos, same coins
and same profit swings, and now even the same interface, but it's a good one. Hashpower and zpool are no different
than yaamp was. The "alternative:" pools succeed because they have found a niche. Some are agressive with new coins,
some focus on niche algos like cryptonight, I don't know why not's not on any multipools.
Nimbleness is becomking a desireable feature in altcoins. The ability to shoift algos means they will stay ahead of
the race toward asics. There no point in developping an asic for x11 if coins can just switch to x13 or x11v2 or whatever.
Some coins adapt like vert switching from lyra2re to lyra2rev2 (there's actually a lyra2 that is not the same as lyra2re,
and probably a lyra1 also).
I don't understand the use for merged mining. For one the merged coin is usually valueless and for another profit switchers
can simply adjust to the profitablity of the coins combined. Ules you use autoexchange to dump it's also another wallet
to manage and another coin to find on an exchange. It's like mining for gold and also finding lead. Forget the lead, go
for the gold.
You don't understand merged mining because you don't understand why mining exists. The point of it is to secure the coin, not make money on a P & D and move onto the next shitcoin.
+1 (couldn't say it better)
You know he's not responding to me, right? XD
Pump and dumps have nothing to do with miners. They're fast money scams made by shitcoins usually with large IPOs. It really has nothing to do with miners as they don't do the pumping. Even if miners sell their coins daily (once again not anything remotely relating to a pump and dump), it'll be a gradual release over time and will be compensated with market activity and equalize, unless it's a shitcoin that has massive rewards at the beginning and the mine period lasts like a week. Small coins aren't even worth mining because even if you dumped all the coins mined on a daily basis, you still wouldn't net a profit due to the low coin value.
Miners generally speaking aren't supporters, they keep a coin alive.
That's an oxymoron bensam. If miners are keeping a coin alive, they are most definitely supporters.
Generally speaking, it's quite funny how all this mining talk casually ignores the fact that PoW is a race to the bottom. People complaining about small mining profits, would do better to just stop mining, and focus their energies elsewhere. Ah well, I'm probably just at the wrong thread...
Sure and it was meant to sound that way. Because they are a drain on the coin, but at the same time they make sure the network doesn't fall apart. It's a bought service. Miners are a oxymoron. XD
Not sure how GPU mining is characterized by a 'race to the bottom'. Just like miners aren't responsible for 'pump and dumps'. Coins can become more profitable while still minting the same amount of coins per day (relatively speaking). Minting is a controlled release.
Mining is a race to the bottom, dude. GPU mining is a phase of mining that passes if the coin grows enough.
Oh yeah, that's why BTC is still being mined? Not every coin switches to PoS. It's only a 'phase' for some coins, for others it'll last the entirety of the coin. Not sure you guys understand what a race to the bottom is and definitely doesn't apply here, much like pump and dump does not apply to mining.
https://en.wikipedia.org/wiki/Pump_and_dumphttp://www.oxforddictionaries.com/us/definition/american_english/a-race-to-or-for-the-bottom