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Quote from: Mike6000 on March 05, 2018, 06:26:11 PM

Why does the whole network have about 7.6 MH/s hash rate? but all listed pools add together only to have less than 1 MH/s hash rate. Is any big farm extracting these coins from their own pool?

What that doesnt make sense

It does make sense if it were true. It could mean that one farm could control most of coins and later manipulate the price.

It might be a Nicehash buyer. You also have to keep in mind that there are a lot of people who mine on private pools/solo mine. You can't expect to be able to add the network hashrate solely from the pools. This is the case for most coins. Even bitcoin which is the most known coin with little privacy has 10% of the network as "unkown".

Why do you mention Nicehash? Big losses at this Stellite price, Buying is much better. Only bots do not care the price because bots use others' resources. Centralization may kill this project. Redistribution of wealth to Hackers, Nice Project!

On what basis are you doing these assumptions, if I may ask? It's not even two months old and you are already saying it is being mined by bots? Why should they at this price?

https://www.cryptunit.com/

Only bots do not care the current price because no loss at all(Even Asic uses electric), I have seen bots in CPU only algorithms(no Nicehash) coin, and that coin does not have any exchange.

Greedy hackers are ruining this game.

So, I think if Big Hashrate reflect the price -> Nicehash, if not, Bots or Asic.

In this case, I suspect Bots.

What are you even talking about? Are you assuming botnets? I highly doubt there are botnets mining a coin this new with relatively low volume. Like I mentioned earlier it's probably a nicehash buyer since the nethash drops randomly from 7Mh/s to 4Mh/s. I do however agree it will likely become a bigger issue once the coin gets more attention. XMR and ETN are currently having issues with it.

I see botnets in new coins nowadays, even in new algorithms(CPU only). Price gap is so deep for Nicehash buyers, so I suspect botnets.

and, Why do Nicehash users mine at that price? they can buy more Stellites from exchanges at that price. The price gap was so deep.

I agree that Nicehash users will not mine this coin, at least not now. Dev do need to pay some attention on this, in case for any bad side. This could kill this nice coin. There are some risks and possibilities. If the price was controlled by an unfriendly person towards this coin, they can pump and dump.