Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto
by
zzojar
on 16/03/2014, 20:11:02 UTC
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!