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Showing 20 of 23 results by Hesiod
Re: [ANN]|Chatcoin|NIST5|Chat in Wallet|No premine|P2P Private Chat|No vote
Would you implement something similar to what the Minerals coin did to avoid big farms reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
Re: Axiocoin: Theoretical Mining - No ASIC/Multipool - Donating@Home - PoW/PoS
Hey,
Would you implement something similar to what the Minerals coin did to avoid big farms reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Would you implement something similar to what the Minerals coin did to avoid big farms reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Re: [ANN] RedWire - X11 PoW/PoS 7 Day POW Anon + SMS 5 M Max Coins [ANN]
Hey,
Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Re: [ANN][TRUST] TrustPlus [PoS 0.2% One Day][X11 Premine = Bounties][3Day PoW]
Limit hash rate!!!
I agree. Worked really well for Minerals + fair distribution.
Re: [ANN] Coin Shield - Shitcoin Cleanup | Multi-Channel | POW+POS |CSD Verification
Hey,
Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.
It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.
It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).
Cheers
Re: [ANN] Judge Coin (JUDGE) x13 / 20 day PoW then PoS - July 5th 20.00 GMT
thats a currency flaw not a judgecoin flaw Tongue. This will always be the case. You cant expect a single gpu to make more then 2 or 3 gpu. just doesnt work that way. Same with gold or any other mineable actual objects. Its not like I can go mine enough gold to make money without having millions to invest in the proper equipment first. Any business or investment or opportunity is going to cost money. >>>Money is the root of all evil<<< The design flaw in money is that the rich will always get richer and the poor will always stay poor (Asside from a lucky few).
The comparison with gold makes no sense as the value of crypto-coins come from their wide distribution.
Regulating hashrate is impossible as users will just make multiple workers or multiple accounts.. or just make there own pool. in reality though something that limitates miners is going to force them away causing lower rates and lower difficulty meaning lower value.
The Minerals coin actually succeeded quite well in limiting centralized mining, and its network hashrate was 25 GHs instead of 100 GHs for other recent X11 coins. It resulted in a good distribution, a much higher value and large exchange volumes.
So really theres no way to regulate hashrate. there never will be. Theres no way to regulate mining so poor people get more its not just possible. Trust me I wish it were I am no whale I literally only have the cryptocurrency I own from mining and thats it (0 dollars I am BROKE DICK POOR today 
). I have accumulated 3 gpu from mining that turned into horrible investments that no longer pay the power bill 
.
We all wish for something like this to happen but its just not possible. All we can do is make smart decisions and avoid loose pockets. If judgecoin can avoid loose pockets and gain true supporters theres no reaon even the small guy cant earn a nice chunk. Just hope this gets to be the case
.
). I have accumulated 3 gpu from mining that turned into horrible investments that no longer pay the power bill . We all wish for something like this to happen but its just not possible. All we can do is make smart decisions and avoid loose pockets. If judgecoin can avoid loose pockets and gain true supporters theres no reaon even the small guy cant earn a nice chunk. Just hope this gets to be the case
. The "no regulation" stand also makes no sense. All markets are regulated to avoid cartels such as those appearing in the cryptocurrency mining world.
Re: [ANN] Judge Coin (JUDGE) x13 / 20 day PoW then PoS - July 5th 20.00 GMT
Also just a thought, but if limiting the hashrate spreads among new coins, a captcha should be required to create a mining account on the hashrate-limiting pools, otherwise large farms will just automatize the creations of lots of accounts xD
This is an absolute must otherwise it'll be bot city.
Does hash limiting also rule out the use of rentable hashing power as it will all come from the same IP?
No, you can still rent but if the limit is 50MHs, then you will have to rent a rig smaller than that, max 43 MHs because sometimes the rig goes higher and if it trips the limit the worker is briefly temp banned.
What is to stop the dev team from operating a private pool and renting hash to "rape" coins?
I still think it is much worse to let big farms reap all the coins compared to the dev:
- The dev would still have to rent a ridiculous amount of hashrate if he wants to get a large proportion of the coins as even when limited to 50 MHs/person the network hashrate gets really high (25 GHs for Minerals). So even a dishonest dev couldn't compete by himself with all the small miners out there.
- Also the 25 GHs figure of the MINS PoW hashrate vs other new X11 coins hashrate is enlightening: other recent coins spiked at 100 GHs early on, and we can assume that large farms interested in new coins have approximately 75 GHs, compared to 25 GHs for amateur miners. Thus, new coins are systematically piled up by professional dumpers.
- Compared to big farms the dev has interest in keeping the coin's market healthy and should be less prone to dumping lots of coins.
Re: [ANN] Judge Coin (JUDGE) x13 / 20 day PoW then PoS - July 5th 20.00 GMT
Also just a thought, but if limiting the hashrate spreads among new coins, a captcha should be required to create a mining account on the hashrate-limiting pools, otherwise large farms will just automatize the creations of lots of accounts xD
Re: [ANN] Judge Coin (JUDGE) x13 / 20 day PoW then PoS - July 5th 20.00 GMT
Yup, the dev didn't release the wallet the first week during the PoW stage, and his coin could only be mined at a select few pools that limited the hashrate at 50 Mhs per user. Minerals is the only coin that I know of that could avoid all the coins being reaped by a few big farms, which lead to its current success: good distribution and lots of smalls enthusiastic miners => lots of volume and high price on the exchanges.
Re: [ANN] [FRSH] FreshCoin | FRESH algo! | Slingshield | % fees | Launch 7/7- 18GMT
Any plans on limiting the hashing power of each worker / IP, like Minerals did? It ensures a fair distribution and it's a nice way to avoid massive early dumps from big farms.
Re: [PRE-ANN] Judge Coin (JUDGE) [NO PREMINE] [NO IPO] | X13 / 20 day PoW then PoS
I think,hashing power of each worker and/or IP should be limited to not more than 50 MH/s
I agree. It did very well for Mineral, and is a nice way to avoid massive early dumps from big farms that are really harmful for the coin.
At least put the premine in escrow and have the block chain analysed and reconciled before the launch.
+1 for premine in escrow
What are you planning to do to prevent hash rape by large farms and large pools and the subsequent imminent dump by those parties as it hits the exchanges? Let me re-phrase - what are you doing so that the small miner with 5-10MHs can get some coins and that 80% of the coins are not owned by 0.5% of the miners?
I agree with that. Maybe you could consider something in line with the recent Mineral lauch? ie, a limitation of individual hashrate, or something in line with it ?
Re: Is the alternate cryptocurrencies market being monopolized?
I mined mineral with my small rig and there was actually quite a difference compared to other recent cryptocoins - their system definitely made the distribution process fairer. It's a shame that some pools and exchanges reacted that way, as a fair distribution process probably adds more value to the coin...