Quote from: Bitcoin_Arena on September 24, 2022, 11:06:36 PM

Quote from: alekSalac on September 24, 2022, 08:55:05 PM

Bear is knocking on the door, together with post-Merge situation, we are all witnesses of devastation of POW coins.

We are already in the bear market incase you didn't know

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Main problems: -big farms getting in and out, resulting increase the Dif...
-lot's of miners in fear dumping coins, resulting price drop...

It's sort of a free market.

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Proposal how to save POW: prerequirement to mining is that you have coins in your wallet(or node)
for example: 1 coin = 1 mh/s, no need to lock coins, just to own them.You need to have desktop wallet(or node), with deposited coins, active on network.
Direct your rigs to your wallet(or node), miner program checks amount of deposited coins, and approve strenght of your hardware.

The proposal all feels like a hybrid of POS which i believe most POW miners hate.

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-who want's to mine need's to HODL coins, if you don't have coins you must buy them, that's how we create demand on exchange

After acquiring mining gear, you also want miners to buy coins. Don't you think this will discourage retail miners from even participating.

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-that's how we prevent centralisation (big farms)

You will fuel it instead. Big players can afford lots of coins as opposed to small farm miners. it all looks like POS.

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-in that way we prevent miners to dump coins

The main reason people mine is to earn out of it. If you prevent them from selling the coins, then tell me one reason why they should mine?

-i know we are in bear market Cry

that is just a figure of speach
-a free market without any rules is not good
-it is a hybrid, love it or hate it, it will save gpu pow
-miners were not discouraged when they bought equipment for three times the higher price. from another point of view, investing in equipment or investing in coins, almost the same.
-that's the point, the big players have to buy a lot, and the small farms buy a little. That's how they create demand and push price up. it's mix POS, MN and POW
-you can sell the mined, and make a profit. but you don't want to sell the deposited coins, because you want to continue mining, so supply on exchange decreases

alekSalac

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