Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][QBC] Québecoin - Best X11 Nation Coin - DarkGravityWave – 0.5% IPO
by
JPGagnon
on 06/04/2014, 21:51:37 UTC
I've gotten an e-mail from a group of people here in Québec interested in supporting QBC in various ways. One way they proposed was a QBC multipool similar to blackcoin. Of course the multipool concept works best for POS coins but if it can be created in a specific way, it may still allow good network security for POW coins. The problem is that the multipool can end up giving better results for getting QBC than regular mining at a certain point, miners may abandon mining the real coin in favor of the easiest altcoin chosen by the multipool. This means that the security of the network decreases as hashing power is reduced. One possible way to make it work could be that the multipool also mines the coin it is designed for when network hashrate falls beyond a certain threshold, without actually selling it. It's a difficult balance to obtain but could prove to be a way of stabilizing the value of the coin long term.

JP this could be very doable, here's why: In 2 months time the amount of GPU asic resistant coins will be much more prevalent. I'm already seeing the trend kick in as we speak (High5coin, of course Darkcoin, Hirocoin etc.) This multipool could be literally an x11/hefty-1 pool as more devs switch to this algorithm type. It's just an idea, but mark my words, not everyone is happy about asics, myself included. The number of resistant algo's we will see by the summer could actually make this multipool offer viable.

I think it's definitely something to keep on the horizon, I thought the blackcoin multipool was genius when I first saw it, there's probably a way to adapt it for POW.

X11+DGW?
Perfection, my miners are waiting eagerly for launch. Cheesy

Great to hear it! I'm really excited about the mining launch!



Oh! I am ready for that launch!

I'll do my best to get involved as much as possible in this coin, JP I'll contact you tomorrow by email.

I also think every post in this thread should have the appropriate English translation. (Even before the french text). You want to make sure you don't scare away potential investors/miners. Last thing you want is for the only few of us that speaks french to be left out with this coin lol; would you invest/mine a new German coin in a half-translated thread? Wink




Oh yeah I've definitely started doing that since someone made a comment about it, there will be no untranslated comment here. There's a germanycoin but I don't think the devs are even german? So they won't even face that problem  Tongue