Re: ♘♕♔SWING♚ ♛♞ ▬▬▬▬●Programmatically Fluctuating Miners Cost!●▬▬▬▬ Now On Bittrex!
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
https://www.youtube.com/watch?v=71y4o9XFYr4
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
https://www.youtube.com/watch?v=71y4o9XFYr4
Glad to see you back around murderouskirk, and great vid
I'm not fussed about droping POW either to be honest, it could help to raise prices, it seems there are few pools being used anyway, but that's just my opinion.
Wallet runs great etc, one of the only other things i could say that could help price would be an actual usage other than trading, but as i'm sure you know, it's very
hard to find.
And with just over a million coins produced so far it still seems fairly cheap to me, so i will continue stocking up for now
Thanks!
Yeah I'm not too keen on killing POW just yet either. He did state some good upsides, but there are also downsides to that.
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..