switching from pow to pos makes much more sense and would be better for the coin/price as a whole.
pow is pretty much useless for underdogs like this as there is little incentives to mine it in the first place since the coins mined doesn't even cover electricity.
pos on the other hand, people would have an incentive to hold and utilize the coin instead of merely as a trading vehicle.
I looked at the CS shop as well, and it's practically empty. I doubt there's much volume in that either.
as many coin as there are in circulation, it would be far more beneficial for both the current holders and potential new investors.
to be able to lock away a large portion away while it pays out interests and support the network at the same time.
right now if you want to trade the coins on cryptopia, the bid is 2sat, sell is 3sat. a huge 50% spread.
pandacoin (a pos coin) for example has far more coins out there, not anymore development than photon, yet the marketcap is far greater.
because people are not hurry to sell them.
pow is really getting obsolete these days for all but a few dozen coins.
I don't quite understand, how mining to a pool will give me 6 different coins. Do I need to install the 6 different wallets in order to receive mined coins
yes each chain is totally independent so needs its own wallets
Is there any plans to change the algo now that there is an ASIC coming out to blow these coins out?
no algo change we are not trying to be resistant to gpu/fpga/asic
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In other news due to drama from the same hijackers that made themselves known in December I have been forced to step in and sort the mess out before things get too bad and the real volunteers leave due to very questionable behaviors by the "Leadership" of the photon19 chat group
Together with community volunteer(dev/admins) and real community members have formed a new Telegram chat
Here this is Official chat and I will be monitoring and available for chat in that group
over next few days hope to get things back on track and under control of course with help of community too
- roadmap is in talks for changes
- Whitepaper is on hold
- cs:go is fine and with real community
- photoncc.com website is under real community control and outstanding bill for code paid, hope it will get updated soon
- currently no airdrop is planed as imho was scam
please be patient and understanding while things are in talks and being worked on