Quote from: pyra-proxy on October 09, 2013, 10:04:32 PM

Quote from: OgNasty on October 09, 2013, 09:54:12 PM

Quote from: pyra-proxy on October 09, 2013, 09:46:38 PM

Quote from: nonnakip on October 09, 2013, 10:51:11 AM

I do not decide yet what to do with extra alt-coins. Ideas are welcomed.

I'd recommend a vote for this but for excess alt-coins here are options I'd like to see in a vote:
-Save for more Nasty Fan mining hardware, owned by Nasty Fans
-Save for hardware upgrades/backups for the pool servers
-Donated to nasty fans seats monthly/weekly
-Nasty fans seat repurchasing to remove seats from the market place until seat price is more ideal, the proceeds of profits from this then to be voted upon, but in the interim donations from these seat purchases used to buy additional seats off the market.

The question here to me is who should benefit from any excess alt coins. Should they be distributed to miners as a bonus to encourage more pool use? Should they be saved with the rest of our alt coins for future use? Should they be distributed to NastyFans via the usual distribution method?

The options I were suggesting was to the benefit of the pooled miners in the sense that they would collectively own the purchased seats/hardware, with the exception of donating proceeds to nasty fans seats. I would discourage hoarding these excess alt coins but it's an option. But notably the last option to purchase seats off the market place benefits everyone since higher seat prices help regular nasty fans seat owners as well as the collective ownership of the pooled miners. Direct distribution of proceeds to the pool will be difficult unless you database shares accepted vs. excess alt coin proceeds and apply a proportional payout scheme to the addresses mining into the nasty fans pool, possible but I suspect not trivial....

A seat buyback plan is interesting. That would be a unique feature with some benefits down the road. What I don't like about that option, is it takes the decision to reinvest out of the seat owner's hands and forces it to a small extent. I'm leaning towards thinking it should be paid back to miners via some sort of unique and fun process. That way, people are encouraged to mine with us even if they aren't in a position to be acquiring more and more seats. The 2.1% fee is already helping the seat owners, so I say we create a new and exciting way to let miners in on some Nasty fun to encourage pool growth. The more fun miners are having, the more that 2.1% will help NastyFans. More thoughts on this subject are certainly welcome.