Quote from: Thingamajig on April 23, 2014, 12:37:20 PM

Quote from: kodtycoon on April 23, 2014, 12:25:56 PM

Quote from: jabo38 on April 23, 2014, 11:32:10 AM

Quote from: mamichula on April 23, 2014, 07:29:23 AM

Do multipools kill the coins being mined?

A large pool can jump into a small coin, raise the difficulty level really high, and then jump out. The remaining miners at that point have a hard time forming new blocks because the difficulty is so high.

Recently a trend has started that some mulitpools will not only get a lot of coins while raising the difficulty, but then they will buy out the whole buy wall, in effect "dumping" what they earned. These people then buy a POS coin that they are supporting. It hurts the regular bitcoin and litecoin clones while helping the POS coins. The POS coins can't be mined back so they aren't vulnerable. Now while this trend has started, it is still very small and hasn't had an effect yet, but if it gets large enough, it will reach a tipping point and any miner that wants to make money will have to join in the multipools mining indirectly for POS coins. So basically people that are pro POS could buy miners and then in theory ban together and kill POW coins. It hasn't happened though.

but it will.. and the sooner we kill off pow coins the better! (less energy usage)

if we dont and let them run their course.. they will be running for far longer and use allot more energy.. i see this getting really big and multipools popping up everywhere.. the coins that can will change to pos to save them selves and whats left are the larger ones like btc and ltc that cannot change.. all the multipools will be aimed at those and will slowly take them down.. and their wont be anything they can do about it.. it will take a while to get to that stage but i honestly think it is in the best interest of every pos coin to make a multipool and help crush the pow coins..

imagine the energy we would save if all pow coins were gone and only btc and ltc were left.. which will happen! more so if btc goes through another massive boom! there are only benefits to running multipools.. the only negative iv herd is that it would make nem non-green.. not true.. if anything we are helping kill off the non-green coins before they get to mine all their coins and put an end to them before they use all the power needed to mine them... which actually makes nem an eco worrior(not just green.. but fighting to put and end to non-green coins)!

you should market the pool as being an eco worrior helping to rid the crypto world of all the energy hungry coins so that ALL cryptos can be energy efficient.. the pool slogan: NemPool: putting an end to power hungry PoW for a better tomorrow. imagine what will happen when the multipools crush most the smaller coins and turn towards bitcoin.. by then they will have massive hashing power and could be able to compete with the big time btc miners! and once the big boys see what we are doing they will then see that ltc/btc are doomed due to this and jump ship over to pos(more then likely the most inovative ones at the time being nem/nxt) meaning ltc and btc value gets transfered to us! the more people that move to multipool the more power we have the more we crush pow then more miners will come and keep going until we completely distroy all pow coins! ending with nem nxt being top 1 and 2 on coin market cap!

now you tell me that isnt more green then not doing it and letting these pow coins happily mine away using insane amounts of power for years and years.. its by far in our best interest to crush them with everything we got and multipools are our most powerfull weapons! use them! or someone else will!

pat i know you are against the idea but is their any way we can sway you to the pro multipool side? we can get the pool running now and it will get allot of attention.. a coin running a pool before its even launched. that will get allot of attention.. but market it as an eco worrior.. the gains it will give to nem is a side effect! Wink

its a win win!

and pat it would look allot better if we have the devs on board with this.. the community wont look divided on the matter.. i think the support of the devs on this matter is important!

and it will show how much faith people have in the devs ability to actualy release nem and all its features! further solidifying the idea that nem is the next big thing!

I'm more inclined to lean towards no multipool i'm afraid. I'm also not fond of the idea of pushing nem as an "Eco friendly" coin.

Although it is greener, i don't think that should be the primary focus point in advertising - the green argument is a tired, cliched one, and if anything, environmentalists and other such movements have more of a stigma than anything else, which, for the most part, is largely justified. (When you consider their aggressive/facist tatics of getting their political agenda across)

Environmentalists are as bad as the liberal, left wing movements who, in the UK, are becoming more and more despised the more people uncover how much they've dominated the political and corporal scene.

Anywhoo, thats another subject entirely; what I will say is though, yes, NEM is much greener, PoW is unsustainable due to it's energy requirements (This is why i invest in PoS), but i don't think pushing NEM as a "green alternative" is in any way beneficial for itself in the long run. People are sick of that argument.

Also keep in mind that the resources we spend towards supporting a multipool are resources that we can't spend doing other things