Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed
by
Minerals
on 16/06/2014, 13:02:55 UTC
My idea about multipool was that we need to support the coin after PoW phase ends and generate people's interest more and more then. Right now the people mining the coin are supporters only. I personally do not like the idea that some douche with 4GH will mine the multipool, then will buy minerals (which is good, don't get me wrong), the price of minerals will go up, which will lead to more people to jump on the most profitable coin right now which is MIN. They will mine the coin while it is profitable, the hashrate will increase and supporters will get less and less coins while dumpers will get their share and then dump the coin on the market decreasing its value once again right after the multipool has risen it.

That's why I don't see any reason to have a multipool right now when we have the PoW running and only the true believers mining it to attract dumpers. In 3 days when the PoW ends and the multipool starts, then the price will be regulated by supply and demand and not by mine and dump scheme.
Ok, we can have a vote on this. We can shutdown the multipool now and wait until the end of POW. The reason we were pushing for it now is because some people were saying that it is not profitable to mine.