Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Joincoin (J) ToR Anonymous All Algorithm mining! NEW THREAD
by
bensam1231
on 18/12/2016, 08:34:31 UTC
oh shit, why POS for Joincoin, is there any need ?

pos should be a priority.

pow is a dying blockchain and the miners hate pos because they are greedy computer geeks.

Emission for each algo is like $20 per day total if you get it all. Totally not worth mining unless you are the only person mining this coin. Blockreward is just too low to support mining in any meaningful extent. It's been that way since the reward dropped to 1 and then none.

Just as a FYI PoS is mining by leaving a wallet open instead of by using GPUs. There is still a reward for doing so otherwise the coins would definitely die. PoS coins can also die as well if people don't leave their wallets open.