Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
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I'm not sure who would consider 90% block reward reduction.
I assumed the 337 to 33.7 reward 
I must agree with atheist that a block reward of 10% would scare away miners to a measly 10Mh...
at current price nyan is now not profitable, you mine with a loss ...
the reduction of 90% will lead to a 10x more loss to mine nyan (at current exchange rate).
only hope that the price will go up 10x will get the same mining power to the nethashrate. (many many people mine for profit not for fun).
at current price nyan is now not profitable, you mine with a loss ...
the reduction of 90% will lead to a 10x more loss to mine nyan (at current exchange rate).
only hope that the price will go up 10x will get the same mining power to the nethashrate. (many many people mine for profit not for fun).
I'm not sure who would consider 90% block reward reduction.
Quote from: Atheistftwins
That aside, the reason we can't afford to lower block rewards with X11 is because however much we lower it is however much less miners we will have. Lets say block rewards become 10% of what they are now. Then we will have ~10 Mh/s as our network hashrate. Well guess what? I myself have roughly 9 Mh/s under my control. I would then be able to go in and kill the coin with a 51% whenever I wanted to. Is that a vulnerability you want the coin to have?[/qoute]