Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.3 Released MANDATORY UPDATE
by
carlb007
on 02/01/2014, 11:52:36 UTC
Difficulty adjusting algo can be changed to counter multi pools. Its called "anti multi pool patch" or "anti flash mining patch". Some scrypt coins already have, DOGE will get it sooner or later.

With multi pools stopped, DOGE value will raise.

how does it work?

@dogecoin any plans to implement this?

 If you think that this would be good for DOGE you are greatly mistaken. Just try to think outside of box for once.
If multipools drop DOGE, then indeed DOGE value per coin would rise a little, but only on short term. It will stabilize around same profitability as any other coin and will stay on that price rage for a very long time and will not benefit for DOGE in long term.
Why? I will tell you why:

Multipool brings a lot of additional hash power. There are several benefits on that:
 
1 .block reward will be halfed much sooner.
2. block reward halfed = price doubled - assuming that net hash will not drop.
3. more hash = lower price point = more coins on market = more people can afford to step in. = more popularity.
Its all connected and all good for DOGE in long term view.


Only the block reward wont be halved any sooner at all. Blocks will be halved on or around mid Feb regardless of how many people are mining it, because it always adjusts to release 1 block per minute. 1440 blocks a day is the target so its 41 days from right now.
Whilst i agree and think the price will go up at the block halving, it could well be a case of were at 25 satoshis by that point - which will result in exactly the same price as we have now (or have had the past few days). I was originally looking forward to a price of 100+ come feb but i dont think that will be the case at all now, and am looking much futher ahead towards the end of this year.

Time will tell. Stil working away on a nice little game/app for Doge atm Smiley