The founders must understand one elementary thing - until they don't make a decision to block systems like NiceHash - their startup is doomed to failure, like all the other forks.
This is not a decentralized system, it is much worse than an ASIC.
1 person rents huge capacity of HASH and in a few days puts all the capitalization through exchangers.
how do you block systems like nicehash?
you add a minting system to it.. if you mine a coin, you have to hold it for 30 days before cashing
ok so if I buy Nicehash and get 100,000 coins I just wait 30 days to dump them right? Please give me your thoughts I don't see the connection between minting and mitigating the effects of nicehash.
No one will invest in nicehash with such a delay in withdrawal. With a high degree of probability renter will go into negative profit.
Now they see the price of a coin, take a rent and in 2-5 hours they receive a huge amount of coins and bring down the market. It is difficult to predict the price for a long time (for example month), so as to risk fo rent.