Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
poolwaffle
on 17/04/2014, 19:37:04 UTC
I know a lot of people are against this but I still think it would be awesome if we had a segment with like a separate port where people could mine and then rather than immediately cashing out the coins to BTC they would be held a little longer term seeking price appreciation and cash out at more ideal times (with inherent risks involved of course.) Sort of like a multipool mutual fund lol.

One of the next major features I'd like to work on (although it is a very large codebase change) is optional payouts in the coins that we mine.  Essentially you'd be able to "register" (sign a message from your btc account) an altcoin address, and those addresses would get paid mined coins (before exchange), and any leftover balance would be exchanged.  So essentially, depending on the coins we've mined, you might get back 50% in that coin, and 50% in btc, and the next day a different amount (depending on how much was mined).

It has a bunch of benefits for everyone, we can avoid the exchange (fees), can avoid pushing down the market a bit (not selling those coins), and people get to hold coins they want to hold (optional).  Its a win-win, its just a lot of code Smiley