Post
Topic
Board Announcements (Altcoins)
Re: [LTCD] LitecoinDark.com | Scrypt | Bittrex | Cryptsy | block reward
by
bitcoinbelieve
on 26/09/2014, 14:50:59 UTC
I do understand the reasoning as to why to lower the amount.

That said; please consider that there are folks just getting into  crypto mining who don't have alot of hashing power and don't rent rigs for whatever reason (I am one of them. I just branched into scrypt coins 4 weeks ago using a 5-chip grid seed).

I get ~12 coins/day avg since the halving. Now compared to others here, that is a pittance.  I buy hardware as I can afford it.

My concern is that if it is reduced too much, new entry level miners won't stick around.
New miners are the ones that are gonna help grow the coin.   Don't cut them off.

I was mining a coin that was only cpu/gpu. At it's 6 month date; it switched the algo so only an R9 GPU could mine it. That forced me out as I was mining it on a laptop.
That Dev never replied to my PM and the community basicly said... too bad too sad goodby don't let the door hit ya on the way out. They said it had to be so to up the overall hashrate of the coin.

So when you make the changes to the block; plz keep in mind how this will impact the small miners and try to minimize the impact on them.
Don't throw the baby out with the bath water.




Buying the coins is better way to obtain LTCD rather than mining