I mined a few XRY a few weeks back with some positive hopes for the coin especially liking the high interest deposit feature. But I mine no more since there are really no more updates from the devs and the price is tanking. If others are of similar mind such as myself then there may not be any miners left to mine the chain. At the time when I was mining there were 4 pools and many more miners than there have been during the past week.
Whats the point of having a machine turned on and running when there is no-one left to use it? So as far as Im concerened the devs need not turn off the machine for the machine to be useless.. ie dead. My opinion. Take it or leave it.
All thats needed is for one of the devs to speak up, communicate, present an update or anything to feed the masses in order to get some interest and confidence going again. With out that we have, for all intents and purposes, a dead coin (or one rapidly dying of hunger)
"Whats the point of having a machine turned on and running when there is no-one left to use it?"More FUD and comments without merit and BASIS.
Check out:
http://xryexplorer.info/ It clearly shows that the coin IS being mined. It also shows that transaction ARE being made. If you were mining this coin and watched it fall the entire time - I feel for you. Not a valid reason to FUD and take your aggression out on this coin now.
You are certainly entitled to your opinion. Just as I am entitled to my opinion that this portion of your post is FUD."All thats needed is for one of the devs to speak up, communicate, present an update or anything to feed the masses in order to get some interest and confidence going again. With out that we have, for all intents and purposes, a dead coin (or one rapidly dying of hunger)"I agree with you. It would be great to hear from the developer. But what if he can't speak for legal reason? Think court order... Think corporate non disclosure agreement. What if he won't speak because it is in his benefit not to.
I find it hard to believe that any developer would work so hard on a project, create a beautiful brand - a potential gold mine - and then just throw hands up and walk away from it. Surely he had a stake in this project. If he doesn't want the brand he created, then he needs to let us know here on the board and perhaps arrangements could be made to replace the dev team. I see a lot of coins being sold on Cryptopia. Perhaps the dev is cashing out - Perhaps the dev is cashing into the coin? who knows... But someone is buying those coins. (I bought my fair share too...) There are two outcomes on this for me - turn off the system and I know the game is over... (I still won't sell the coins I have :-P) Or those strong enough to see this through stand to gain significantly. Win or lose - I knew these were the outcomes going in. One thing will not happen for me - I am not selling a single coin for less than I paid for them (which wasn't much). I will either have a win or write off.
On mining issues - I too mine. At the current coin price and reward structure - this coin is not worth my mining efforts. (It won't come close to paying what mining other coins pay.) The dev needs to think about how this issue is going to be addressed long term. Is the foundation paying for mining or going to increase the reward to make it mineable? (I suspect they are mining it themselves or paying someone to directly mine it for them at this point.) If they are going to make it mineable - the mining rewards should at least be comparable to XMR (Monero). I'd mine the coin if it were economically feasible to do so. I'd mine the coin to help out short term if in a pinch and needing help.
So Dev - given the above what's it going to be... I've called and raised... Let's see what you are made of.