Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming)
by
georgem
on 03/03/2016, 02:12:34 UTC
....

People can always choose to help miners directly.
..

People can just give Mark Zuckerberg money...but they don't, ...

But literally,

every miner's wet dream is that more and more people buy their currency.
Sure, during long periods of stagnation (like we are in now), mining is a very strenuous business, scarcely profitable, but it could be worse.
And there is always the hope that what happened end of 2013 will repeat again.

I'm just saying, maybe we should understand the mindset of a miner first (especially the SHA256 miner), before we try to help them.

Back when I was a bitcoin miner, if someone gave me a donation that would have allowed me to operate in the black again,
first thing I would have done is to say "thank you" and SELL my miners immediately, to now make an actual profit that wasn't possible earlier.  Cheesy

I would have thanked the opportunity to get a clean exit out of a strenuous catch-22.

Yup, sometimes helping people to incentivize a certain behaviour might lead to unexpected results.

Are we actually sure that this will "help" bitcoin miners?

Thinking outside the box here.