Re: [ANN] [XSH] TOR/i2p, Quantum proof, MN, PoS/PoW, Fully ano, SHIELD
Increasing the blockrewards is not the best way to make mining more profitable. We decided on this amount of maximum coins because it is in our opinion not to big but not to little either. If we do increase the mining rewards this wouldn't be true anymore. Furthermore if we do increase the amount of coins miners get, it wouldn't actually make mining more profitable. Maybe for the first few days -- or maybe even weeks but the price will go down and mining will go to the same profitability as it was before the blockreward change.
What you actually want is the SHIELD price to get higher; which we are working on!
Thanks dev for the reply its really good that we can communicate
That is one way to go , i can see that.
But coin price isn't all that related to mining rewards , i don't think all mined coins are for sale,
For example today 1/126 of total shield has been on traded which is a good day for shield because of the price increased
at 31th of march it was 1/586 for example
So people are holding this coin(one of good reasons to keep this for long term investment)
I don't have all the data and
how much shield is created daily? shield is around 180 days old so daily traded shield is a lot lower than 1/180 recently, considering the halvation this gives that much of the mining isn't for sale
with the next halving unless shield gets double in price total mining hash could reduce to half.
mining is the way coins get safer , decentralized , also its a great way to promote the coin. i can see reasons behind this halving decisions but this coin got mined so quickly before now its total hash is dropping rapidly which i think a issue to deal with.
One solution is the get price higher i really belive you are working on that, the other is changing the coin specs to market needs.What i think they both should be used
Which i believe one of the strongest traits of cryptos, its changable by the owner of the coins and dev team of course
About the total amount i didn't analyze much so can't say anything right now.
I can work on this and give a detailed report and my thoughts about numbers if you like
(btw i studied economics)
The fact you studied economics doesn't stop you from making a few mistakes
- Dark gravity waves is about difficulty adjustment. It's not a rewards system.
- Mining doesn't bring decentralization or safety. Cough..coughbitcoincoughcough.
- I studied art in the top 3 schools in Europe and still, I'm a shitty painter, but I'm okay with new medias. That's for saying economics is not only about crypto.
I don't want to only sounds rude
So your imput is really welcome. I was just putting things back in perspective.