Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Global $MUSIC Repertoire based on Musicoin blockchain (Chapter II)
by
CascadiaCC
on 08/04/2017, 17:55:59 UTC
Currently mining on the NomNom.technology pool, payments stopped yesterday and I have a bigger balance in my pending balance than paid balance.

I checked other miners on the pool and it looks like no one has been paid recently.

I tried to go to their slack to file a report, but I don't have any of the email addresses required to sing up.

If the owners of NomNom.technology see this, please check your pool and make sure you pay your miners otherwise they will defect to other pools.

And this is what happens when you have a pool with 80% of total hashrate on it.

^^THIS

Makes it really easy to try to prevent people from dumping. Is it a coincidence this happened when the Bittrex price dropped below 300 satoshis? I'm sure the owner-operator of NomNom and Musicoin core team member PCMode will say 'of course'.

Like I said, mining should be decentralized. The Musicoin site should encourage people to mine at other pools or mine solo (if they have 1GH/s or more) to spread the hashrate around, not consolidate it under a pool which is operated by a core member.

It's healthier and price will reflect this once NomNom drops below 51% of the hashrate.

Of course delaying payouts as a means to prevent dumping never works because people end up dumping once they've been paid out anyway. If anything it makes the problem worse.

The market isn't stupid.