Post
Topic
Board Altcoin Discussion
Re: Continued mining dead coins for profit
by
rimbit
on 15/08/2016, 09:13:00 UTC
So you are basically saying that people who hold dead/dying coins will be able to sell them for Rimbit? You want to create something like BTC pair for dead coins, but using Rimbit instead?

Yes, thats what I am saying and if the community is still somewhat intact, then they might have a chance to revive the coin.
We may have to setup some nodes to kickstart the coin, which we dont mind doing, as we are funded by the community and this would be a community project.

We know that at some stage a coin that we do revive, may decide to go it alone again, so all they would need to do is take over the nodes

This is not something that we have just come up with... We have a forum where this has been discussed http://rimbit.com/forums/#altcoins-other-coins.60

We did trial last year (I think it was then), it as a direct swap with another coin that was completely dead and we saw dumps on a few exchanges, so we know the outcome.

This time around, we will look for coins that can be revived, so those people that still are passionate about that particular coin, can continue mining and exchanging it as needed.

PMP is one that we are looking closely at and I have posted in their thread about helping them out.