Re: [ANN] MemoryCoin | CPU Mining | Pool Mining From GUI
Dwarfpool takes 2% fee, no idea why everyone sticks to the 3.5% fee pools.
I agree that the sentence from the yam readme may be misleading, it means that there's a message when mining for developers but could be understood differently because of the word activated.
Nevertheless, yvg made a great effort with his miner and basically threw gpus out of the game. He used the 1% fee approach with protoshares already.
Of course everyone would prefer an open source miner without fees, but that's his way to do it.
There's another closed source miner taking less (https://bitsharestalk.org/index.php?topic=2042.0), but it's a bit slower. And the open source miner is free, but really slow on new processors (while my old laptop got twice the hpm with it compared to yam...0.36:0.18
)
The premine went to a lot of different people, not only developers. In fact the beta (where the so called "premine" was done) was public.
And finally, calling the voting system a dictatorship is ridiculous when only 5-9% of all coins are actually voting (even less in the beginning - for example 1-4% at block 600: http://mmcvotes.com/block/600 ) and there's only one or two real candidates for all the positions.
FreeTrade decided to keep out of the voting process a long time ago, there's a discussion going on at the moment if he shouldn't return to use his vote because of the low participation (an officer who officially resigned is still elected, the - new and only - other candidate catching up slowly). Currently ft's vote goes to the spoil addresses and doesn't change anything.
There's a lot of fud out there, don't believe everything you read.
And finally, about the take-off: mining is still profitable and a lot of coins are immideately dumped for profit - wait for the block reward to go down in the next weeks/months and you'll probably see a change
I agree that the sentence from the yam readme may be misleading, it means that there's a message when mining for developers but could be understood differently because of the word activated.
Nevertheless, yvg made a great effort with his miner and basically threw gpus out of the game. He used the 1% fee approach with protoshares already.
Of course everyone would prefer an open source miner without fees, but that's his way to do it.
There's another closed source miner taking less (https://bitsharestalk.org/index.php?topic=2042.0), but it's a bit slower. And the open source miner is free, but really slow on new processors (while my old laptop got twice the hpm with it compared to yam...0.36:0.18
)The premine went to a lot of different people, not only developers. In fact the beta (where the so called "premine" was done) was public.
And finally, calling the voting system a dictatorship is ridiculous when only 5-9% of all coins are actually voting (even less in the beginning - for example 1-4% at block 600: http://mmcvotes.com/block/600 ) and there's only one or two real candidates for all the positions.
FreeTrade decided to keep out of the voting process a long time ago, there's a discussion going on at the moment if he shouldn't return to use his vote because of the low participation (an officer who officially resigned is still elected, the - new and only - other candidate catching up slowly). Currently ft's vote goes to the spoil addresses and doesn't change anything.
There's a lot of fud out there, don't believe everything you read.
And finally, about the take-off: mining is still profitable and a lot of coins are immideately dumped for profit - wait for the block reward to go down in the next weeks/months and you'll probably see a change