Quote from: Norpps on March 09, 2014, 04:35:07 PM

Quote from: wobbzz on March 09, 2014, 03:42:43 PM

Quote from: Norpps on March 09, 2014, 12:14:11 PM

Quote from: poolwaffle on March 09, 2014, 10:59:32 AM

Hey guys,

I'd like to re-enabled Auroracoin, as its decently profitable at times. However, since it is _such_ a long maturation time (from mined block to exchanged of about 17-18 hours), we expose ourselves to a decent bit of risk when mining it.

The easy solution is to allow it to be mined, but to limit exposure by only allowing a percent of our outstanding coins to be auroracoin. Looking for input on what that percent should be? 5%? 10%?

The way it would be handled is mining AUR would be enabled if AUR unexchanged balance was less than X% of our total unexchanged. If we picked 10%, and had 30btc (estimated) unexchanged, we would allow mining up to 3btc of AUR before disabling it. As those blocks matured/exchanged, it would open up mining again automatically.

Thoughts?

Yes sounds good, 10% at least maybe 15%

What about 10% while price is less than X? I haven't been following this thread or the stats closely (aside from btc/mh) but it seems like we've been doing better on average since we stopped mining AUR? The reason I say < price X is to limit our exposure to mining during the bubble peak and watch our immature coins wither in value again. Not sure what we would agree on price X to be though. Ideas?

Edit: Maybe X could be 70% of last bubble?

Quote from: wobbzz on March 09, 2014, 03:42:43 PM

Quote from: Norpps on March 09, 2014, 12:14:11 PM

Quote from: poolwaffle on March 09, 2014, 10:59:32 AM

Hey guys,

I'd like to re-enabled Auroracoin, as its decently profitable at times. However, since it is _such_ a long maturation time (from mined block to exchanged of about 17-18 hours), we expose ourselves to a decent bit of risk when mining it.

The easy solution is to allow it to be mined, but to limit exposure by only allowing a percent of our outstanding coins to be auroracoin. Looking for input on what that percent should be? 5%? 10%?

The way it would be handled is mining AUR would be enabled if AUR unexchanged balance was less than X% of our total unexchanged. If we picked 10%, and had 30btc (estimated) unexchanged, we would allow mining up to 3btc of AUR before disabling it. As those blocks matured/exchanged, it would open up mining again automatically.

Thoughts?

Yes sounds good, 10% at least maybe 15%

What about 10% while price is less than X? I haven't been following this thread or the stats closely (aside from btc/mh) but it seems like we've been doing better on average since we stopped mining AUR? The reason I say < price X is to limit our exposure to mining during the bubble peak and watch our immature coins wither in value again. Not sure what we would agree on price X to be though. Ideas?

Edit: Maybe X could be 70% of last bubble?

I second to that we seem to do better without AUR.
What about those 50% premined coins that will be distributed march 25th?
Is that long maturation time built in or is it just temporary stuff?

i agree, it's kind of a risky coin since the price fluctuates a lot and it has a low block retarget. I don't know if we should be mining it since it isn't significantly more profitable than anything else.