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?