Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
That is a neat idea but the problem would be if you pick some coin combo the majority want nothing to do with and your hashing power and a few others might not be enough to find blocks reliably. For example you add litecoin for some reason and there is only 20 mhash/sec total mining it.. No block for a long time. Extreme example.
Any ideas on how to overcome that without creating a support nightmare? That is why i question alt coin pools that allow you to mine specfic coins while everyone else is mining something else. The many pools for each coin would all have to have considerable hashing power for their diff of the coin to work so people are happy. Otherwise long droughts.
Any ideas on how to overcome that without creating a support nightmare? That is why i question alt coin pools that allow you to mine specfic coins while everyone else is mining something else. The many pools for each coin would all have to have considerable hashing power for their diff of the coin to work so people are happy. Otherwise long droughts.
Picking the wrong coin would simply be that - picking the wrong coin. People would have the choice to be wrong, same as any other investment opportunity. A restricted number of coins would be offered and perhaps added/removed via community voting? It's a legitimate concern; however, I think it could be solved if properly designed. How exactly? I'm not entirely sure but if I did solve the problem, I would find myself in midst of developing what I want
If the switching engine was designed in a similar fashion as altcoinplex (and I'm speculating here, they're brand new), then it would simply be a matter of dynamically distributing the power based on user-selectable criteria. The criteria could be min/max shares found, simple time-based allocation, or even coin price thresholds.
I don't see support being a issue given proper development attention. The pool would be designed to behave this way. There are definitely technical challenges to overcome, but it sounds fun