Quote from: btcusr on July 05, 2018, 11:48:13 AM

I would like to know your views on this solution.

Solution to bitcoin mining centralization; Reward bottom half of mining power with an altcoin. only bitcoin miners mint / receive this new altcoin. They use same coinbase address as in Bitcoin main chain.

Top 50% bitcoin miners (who found half of blocks for the day/month, etc.), won't get anything. Other 50% gets as much altcoin as bitcoin they mine on Bitcoin mainnet. There should be effectively 10.5M of this altcoin. This altcoin will have non-zero value in open market. This altcoin should subsidize and force hash power to distribute well.

Thanks.

kind of what bitcoincash is. so I think not.

the real issue is asic builders are building and selling gear like mad and lower power cost miners keep buying it. this causes slippage in coin price. which for an asic builder only taking btc means he gets more coin

i.e. 6600 usd btc was once 20000 usd.

so 10 s9's at 660 mean 1 btc for bitmain
and 10 s9's at 2000 usd meant 1 btc for bitmain when coin was higher.

so to bitmain in both cases they get 1btc. they have zero incentive to stop selling in terms of earning btc with way they earn 1 btc.

down the road they will sell new gear more efficient and stop supply of gear hoping that all those cheap coins they got in april may june july of 2018 rise back to 10000 or more.

so as long as bitmian and innosilcion flood the market with cheap gear. btc price will stay low.

my 2 cents for what it is worth.