Post
Topic
Board Announcements (Altcoins)
Re: [NLG] Guldencoin.com/pay-here — 25TH OF SEPTEMBER V1.3 (DGW3) MANDATORY UPDATE
by
BioMike
on 27/09/2014, 15:07:07 UTC
Thing is, price needs to drop and lower difficulty needs to rise (read: more dedicated miners). This way the switching miner will not be interested in NLG any more. The question is where these limits are?

More dedicated miners is certainly a good thing but, as I'm sure most of you who mine NLG, as I do, are pushing the ROI limit at this point. I have watched my returns drop quite a bit in the last month or so but, NLG is one of 2 favorite coins I believe has a real future so, I keep mining but, my 20 to 40 MH/s, depending on rotation, can't compete with the multipool. So, emotionally, I will continue to mine NLG but, financially, it's a wash. Since I don't sell the coins I mine, it's easier for me to hang in there, others are more constrained to an immediate profit model.


You got me thinking about this... not sure if it will work. I guess those miners want BTC for their NLG... what if the community pays them a higher rate than the market rate... would that work?