Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
hashcash
on 17/12/2014, 20:22:55 UTC
haha, i talked about this... good luck with a 300k miner on a 2.5G network...  Grin
And it's roughly 1 SPR per day. It has little sense with pools or without them. SPR blocks are generated pretty fast, every minute. So somebody with 1/1000 of net hashrate still can get the block about every 2/3 of the day. And even with 1/10000 it's every 7 days. When (if) price will go up, mining will be even harder, sure. But I like the idea that only dedicated miners will mine SPR, without switching on it for quick profit.

Idea of 'poolless' mining is good for coin security, even if it is not easy for miners. And honestly, I think sooner or later there will be workaround, there are some ideas ITT how to do it. But Mr. Spread is a good programmer and very good person. I think SPR will have a bright future.

If there's ever a workaround that doesn't get instantly fixed, SPR will tank in value as it becomes just another short lived short term BTC/fiat hose for the ADD instadumpers, ie. 99.99% of all miners.
I can't see any major dumping going on anytime soon though because what's the reward a block right now? 6.6 SPR or something like that? This is a hold till the price is very right to be dumped as far as I'm concerned but that's just my opinion.  I also believe in Mr. Spread taking any actions necessary to improve and continue to develop SpreadCoin into the amazing coin I believe that it will Wink Cheers


Most dumping  happened months before cex on the other 2 small exchanges.That's why the dumping is weak now.

You strong hand bastards!!! Have some compassion and sell sell sell! Tongue