Re: [ANN] [SKC] Skeincoin 0.8.99.13 | Skein-SHA2 | Secure and efficient hash
With current price of 30 (lets say 100) sat mining with diff 2000 would be worthless for miners. Additional benefit of mining not just myriad but myriad+skc would be 1 cent per day. Even doesn't worth the time spent on changing configs. If the price for some mystic reason rises enough then we expect dump of 1 year premine - up to 8 mln SKC.
- Price is irrelevant until SKC has utility
- Diff is high when you have a secure network, this is priority #1 for any altcoin
- "Additional benefit of mining not just myriad but myriad+skc" is not some arbitrary price on a given fiat currency, is just the network security
- This coin doesn't has a premine, dunno understand your reasoning on that respect. I know who has almost 10% of the currency and he won't dump
That was also the reasoning in the meeting, last sunday. At a difficulty of < 10 there would to be much need for frequent checkpoints. And merging with the myriad-skein chain would help distribution for both coins. But it would also help the use of skeinbased chains.
Also there is no premine, Bolvan bringing that up is rather funny. [bolvan 56508 1,465,047 skc] ( https://www2.coinmine.pl/skc/index.php?page=statistics&action=blockfinder ). At the time of this post there is 9,131,744 Skein mined. (sold some he
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i'll start on the merge mining changes. we'll set a hard fork point for say 2 weeks after the release. 2 weeks should be enough for everyone to upgrade i reckon