Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed
by
MinermanNC
on 16/06/2014, 14:37:19 UTC
Quote from: Kenta on June 16, 2014, 02:30:12 PM
Quote from: MinermanNC on June 16, 2014, 02:24:34 PM
Quote from: svojoe on June 16, 2014, 02:09:51 PM
Quote from: MinermanNC on June 16, 2014, 02:08:03 PM
No multipools! maybe I missed something but this fly's in the face of the whole concept. If people want to mine MIN let them join one of the pools already in place through pow phase? Tell me why a multipool should be allowed ...I'm not seeing it.

I'm not sure you understand,  the multipool mines other coins and sells them to BUY MIN from the exchange.  It does not mine MIN directly.
Your saying, min.multipool will mine other coins to purchase MIN and payout will be in MIN. (in the name of protecting the coins value by purchasing large amounts of MIN) Is this not exactly what blackcoinpool.com has been doing with blackcoin after it went POS? look at their stats now... very low miner count, blackcoin is in the toilet in price again.... that concept is basically failing for the most part. Plus the pool operators there, I think got a little greedy with how they used others hash power to mine and then buy and distribute blackcoin as payment. Any miner with any sense saw it was a bit of a rip-off.  For me I still say stay out of the multipool business in everyway shape and form for MIN. Let it be NON-MULTIPOOL if its going to be used as BCPOOL has done. it is failing.
Why not just let the average miners and investors set there own course and nature will do its thing with this coin. NO-MULTIPOOL

Thanks for pointing out joe  Wink

The new and interesting here is that it's 0% fee. Perhaps that would help?

Yes a 0% fee is good, but then again were right back where we started with only the pool operators making all the profit off of others hash power,,, this has been tried with blackcoin and is failing...just thought this coin was going to be setting a new standard, not falling back in to the same old shit that has been tried and failed. Tired of copy cats. I'm loosing respect for the devs quickly for turning this into another blackcoinpool where only they stand to make big $$$ profits off of suckers mining in the pool.... I'm not happy about all this.