Post
Topic
Re: BiblePay | Masternodes | Sanctuaries | POBH - ASIC Resistant | 10% ORPHANS
by
rastiks
on 01/05/2018, 17:14:58 UTC
I actually talked about BBP to some friends that were interested in mining it. I did a calculation according to my data for them - the fact that they would need to buy BBP for 1000 USD in order to be able to mine with the daily profit of ~8 USD minus electricity & HW costs discouraged all of them. Part of them couldn't even afford that, another part said that it would be too risky for them (given the market cap) :-(

I was thinking about a way how we could make mining less easy for big whales, where (I'm guessing) a single person controls large amount of some spare datacenter servers. I like the idea of writing letters to orphans and having this manual work needed in order to get mining rewards, but it brings challenges for non-native English speakers. But if there were also some other ways of supporting orphans, so that people could actually choose from multiple of them an get some points for that that would count in the reward formula, it could help the "average" miners.

Also, it seems that the big whales still use temporary servers (e.g. a server that is mining for few hours and then vanishes). As we saw when we run out of Rosetta tasks, it brings challenges to BOINC infrastructure, so perhaps we could penalize miners with many cancelled/unfinished tasks or with servers with "small age"?