Post
Topic
Board Mining (Altcoins)
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
by
dga
on 09/05/2014, 11:02:18 UTC

implementing fee is actually good so that not everybody can use. The rich get richer and the poor remain poor because they can't afford miner. Also prevent flooding of hashrate , good idea. Maybe in the future every new algo will need to pay fee. That is a really good idea. But I don't think Christian would want that. Right ? Christian is in for the love , not for greed. I bet relasing x11 would make a lot of people happy , partly because they have a lot of new coins to play with and they can participate in mainstream algo. Performance of algo is one thing , being able to mine the algo is another. I don't mind mining x11 with 1 mh on gtx 750 ti and later get performance boost, at least I can mine that algo and be happy about it.
No it isn't a good idea... you want to pay fee go mine xpm (aka mafia coin). 10% fee for mining where you are told to mine (and nowhere else).

The problem with the fee is not necessarily the fee itself, it is everything else actually:

* no open source code (meaning you cannot check what is really in); that blocks further development since only 1 persons has access to the code (more people means more optimization, new ideas etc...)

* you are limited on what you run, on the pool you run etc..

* defeat the purpose of crypto currency (both the decentralized stuff and the "corrupt banker" part)

 Grin ok I am so fed up with this xpm crap (their mafia, their software, their pool, their unfriendly ddos to new pool... meaning all the crap they bring to cryptoworld) that I can't be for fee software...

There are many models.

yvg1900's fee-based software works on a lot of different pools.  It's closed source, but fairly open-ecosystem.

NaN's is similar, though it doesn't support quite as many protocols.

I tried a 10% dev fee on Riecoin decreasing every other day until 2%, and then open sourced it, and that worked out decently (but I wasn't trying to make a living off of this).

The prime stuff is currently a mess, but that's just a matter of time.  Once some of the miners reach performance parity and platform parity, the thing left to compete on is price and pool support.  At some point, the profit margin will get low enough that someone might take the nuclear option and open source their miner.