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.
yes you have a good point there.. but if you dont think the whole green marketing thing should be a big thing then i dont see the issue in running a multipool.. the only argument against it iv seen is that it would make nem non-green.. or is there another reason you are against it..?
I've a very vague understanding of multipool, but my preference is it's probably best we don't tamper with something we've not even got out the door yet. This is just my stance - yet i'm open minded enough to reconsider my stance the more I understand how multipool works.
ok you have conventional mining of proof of work coins to generate coins from blocks which uses allot of energy but energy usage varies from coin to coin.. bitcoins uses an astonishing amount of power and really it does nothing usefull other then mining coins by doing pointless math problems..
pos doesnt mine as such... every transaction pays a small fee.. all transactions with in a certain amount of time get collected in a block which a forger the confirms the transactions same as pow but they get the transaction fees instead of creating new coins. and because you dont have to do pointless math problems its far greener and any one can forge on any computer and their wont be hashing power wars like their are in pow...
what a multipool does is mine pow coins the same as it you were mining it directly but when they mine they collect up all the coins that they have mined(normally the most profitable) and then sell those coins on an exchange and then buy the proof of stake coin which they are realy "mining" for.. in our case nem.. so basically its just mining other coins, selling them and buying the pos coin(nem)
but in our case nem isnt launched.. so what im suggesting is to run the pool mining other coins and selling for btc.. but nem is launched.. so stock pile the btc earned and keep track of how much btc each person has mined and come launch we will have a huge amount of btc buying power to drop a mega amount of buying power on nem. what i suspect will happen is the pool will get allot of notice from people and articles written because we launched a pool so early before coins launch thus bring in more people to nem. everyone who follows this sort of thing will know we are guna have mega buying power so they will want to buy in before the pool buys all its coins and sends the price through the roof!
You make a compelling argument.
As far as i understand, multipools make up the majority of hashing power across PoW. From my experience, it was the multipools that in often cases caused sudden difficulty/hashing rate spikes in new coins once the multipools adopted them. As far as I could see, multipools were both PoW's strength, but more a weakness. A PoS coin like NEM could take advantage of them, at a lesser risk.
I see what you're saying now, and honestly, i understand where you're coming from. It does sound like a decent idea to me; I would like to know what UP thinks of this along with the rest of the devs.
What i do want to ask (To anyone who has an answer); has this been done before? If so, what (PoS) coin, and what was the outcome?
If it hasn't been done before, this might be a very good idea indeed.
Yeah, i admit during the brief period i was focused on PoW related coins, the idea of multipools was an ominous one, especially in light of the 51% attacks and such.
It has been done before. I think NXT has a multipool allthough I'm not sure it's already operational.
AFAIK UP came up with the idea initially so he should be on board. No idea what the rest of the devs think.