Post
Topic
Board Announcements (Altcoins)
Re: [ANN] RedWire - X11 PoW/PoS 7 Day POW Anon + SMS 5 M Max Coins [ANN]
by
Hesiod
on 03/07/2014, 14:03:54 UTC
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