Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Equihash No-Premine No-Dev Tax
by
BigHarryArmsi
on 04/06/2018, 21:30:31 UTC
They say there is no "dev fee" on the new Zhash miner. Very kind of them, but it seems to me that a 1% fee to cover some expenses such as exchange fees, development costs and publicity might be an easy way to raise some cash? Most of us are already paying some kind of developers fee on the miner we are using. "Our guys" developed this algo and the coming miner didn't they, so it's only fair that they and the community reap some benefit when other coins start to use it, also. Mining and keeping open wallets and stabilizing the network for the benefit of all would also then raise money for the community and bounties for developers. Who knows who might take an interest in this coin with some greater bounties? Just my thinking out loud here as I haven't seen any discussion anywhere of the possibilities opening up with the creation of this one-off miner. Surely someone will want to upgrade the miner soon and they might as well be paid to get after it ASAP as it would benefit all of us, eh? Not to mention exchange fees and publicity funds that could be raised. Anyone?

The introduction of 1% developer fee / community supporting fee might be a good idea, I would support that.
But what about the "No-Dev Tax" & "All contributors are volunteers" fundamentals? Doesn't it go against these?



--------------------------
BitcoinZ: In Decentralization we Trust

If devs developed a miner, it can be 0% default, but also an option to choose % manually. I would mine at 1-2% for sure. most equihash miners mine at 2% now.
I'm sorry. I forgot/wasn't aware such a dev fee on the new Zhash miner would violate white paper policy. A voluntary fee is one answer if necessary, but I have a feeling that other coins/communities might well use the new miner when they adopt the Zhash algo also and "our guys" and this community should reap the rewards of a dev fee from those outside of BTCZ. We all know that reinvesting in our business is the only way to grow and sustain it and it seems here is an opportunity to create some much needed cash for exchange/publicity purposes.