Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lottereth - Masternodes and PoW moving to PoS after 6 months
by
Lottereth
on 21/03/2018, 20:49:43 UTC
Instead of mining to the donation address, could we possibly just donate ETC and get lottereth in return?



We have put this to a community vote on our Discord community by posting the following:

Quote
we've had someone ask us, on the Bitcointalk announcement thread, the following:

Instead of mining to the donation address, could we possibly just donate ETC and get lottereth in return?

We've had similar queries in private messages. It has never been our intention to go this route but we're starting to think that raising the funds required via mining alone may result in us not achieving our goal - even CryptoBridge alone has had it's listing fee doubled recently to 1 BTC.

I'm not sure what the typical miners thoughts on this would be. Would they be happier mining knowing that the project is going to be better funded due to direct donations - leading to an expectation of higher token price. Or would they prefer all tokens to be allocated to miners, and miners alone?

The reason we ask this now is that, as we put more thought into it, we believe direct donation is in the miners interest. The alternative is for those without rigs to point Nicehash or rented rigs to our coin - which would increase mining difficulty for all.

With the above in mind, please use the voting buttons below to let us know your thoughts as we have no intention of changing unless the majority agree.

Do You reliaze what Nicehash capable of C11?

mind to elaborate more? or it's just for a donation pool?

Yeah, you are correct. The Nicehash systems aren't currently set up for C11 coins - it's just the donation pool could be impacted by Nicehash. Other platforms, such as miningrigrentals, has a potential impacted on both.