Re: [ANN][DVK] DvoraKoin Multi-Algo SHA/SCRYPT/GROESTL (Now On 4 Exchanges!)

Price is low! Let's pump it up like it was on the weekend! 0.001BTC

With the current buy orders on Poloniex totaling .025 BTC across 4 total orders the outlook for this does not look good.
Unless some type of unique marketing/promotion goes on to draw people in I can't see how this would take off.

I agree that the reward structure is unique but think it may be a little too tough to get the miners to stick around.

With a 61.5% chance of a block being 1 coin, which current value is about $.05, that reward distributed among a mining pool it is more than likely going to cause miners to move on and not stick around unless something is done beyond a short term pump. I really like the multi-algo mining but feel the reward structure could be the downfall.

What would you suggest to remedy this? I'm all out of ideas...

It may make existing coins a little less valuable in the shorter term but maybe changing the reward structure if possible to drive mining back. I do not see an easy solution really but shorten the mining period to make below possible and/or add POS with small percentage of up to 5% per year. Mult-algo is really a great idea but the current reward structure is not working and this coin will die very quickly if it is not addressed soon. Current balance holders would need to be ok with some type of change which could devalue coins a little but some extreme measures are necessary if you intend to save this.

Maybe something like this
- 60% chance of the reward being 10
- 30% chance of the reward being 20
- 10% chance of the reward being 50