Post
Topic
Board Announcements (Altcoins)
Re: NobleCoin[NOBL] - *GOING PoS*NOBL/$USD*MARKETPLACE*52 CHARITIES/MERCHANTS*
by
whylieaboutcake
on 30/07/2014, 14:46:43 UTC
Sorry I've been absent/silent. Been in the process to purchase a home for the last month and it's been sucking up all my free time.

One thing I'm worried about with POS - the "Unknown" miner.

He/She/They are consistently mining around 60% of the blocks. If there is a block every minute, and each block has 5,000 Noblecoin that equates to 4.3M coins per day. This person is obviously not dumping those coins, and at this rate it wouldn't be very hard for them to amass enough coins to easily buy their way to 51% once the PoS implementation has been completed. Honestly it would probably be much cheaper than funding all that hash power... I hope we don't try to avoid one problem to just jump into another.