Quote from: komodovpn on June 30, 2014, 08:16:38 PM

Quote from: Hesiod on June 30, 2014, 08:13:18 PM

Hey,

Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.

It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.

It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).

Cheers

+1

big farms and multipools really do ruin cryptos, especially the ones that are new. They get pummeled and then dumped on the first exchange it makes it on. Fair distribution through hashrate limitation is great, especially if your coin only has a limited PoW period anyway.

Videlicet has created his own time-based distribution. This effectively makes coinshield multi-pool proof. Anyone jumping on with a big hash-rate will receive fractional block rewards (based on block time) until difficulty corrects itself. This will prevent multi-pools from profiting off mining CSD.