Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Zimstake (ZS) - NOW PURE POS - No IPO / PreMine - SHA-256 New Wallet
by
mogonzo
on 13/07/2014, 20:24:08 UTC
I feel I should add, that average return reporting for community based coins can be a bit complicated, which is why we've been proceeding carefully on that front.

The big multipools that payout only in BTC have the beauty of paying out in the "US Dollar" of crypto, so in terms of the measurement against alts BTC is quite solid.

But altcoins have a great deal more volatility day by day in their prices.

Take our UVC pool: UVC fluctuates so much day by day, and is currently struggling to maintain its volume (their original devs took off). When we do a payout, we can provide the average returns at that exact moment. But two hours later the price of UVC could be drastically altered, leading to a possible great deal of confusion among our customers.

In that regard, that's why we opted for the "convertable balance" option customized to each user. Because some of our users are being paid out in WhiteCoin, others in UniversityCoin, and hopefully soon more in Zimstake, we felt the best way to measure returns for our users was by showing the directly how many altcoins they mined in a given payout period.

We'll be engaging with our users as we move to implement more data reporting features, to determine what is the best, fairest, and most accurate way we can represent our average returns.

The level of complexity in multimining is why you don't see a "PoS Multimined" section on coinwarz or whattomine.

All the best,

Chris