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Title: Instead of buying Hash rates, I would like to buy difficulties Post by: gallery2000 on September 26, 2014, 02:19:08 AM Hi,
Is there a way to buy the difficulty level? I want to help fellow miners out by lowering the difficulty level. Is this a good idea or what? Title: Re: Instead of buying Hash rates, I would like to buy difficulties Post by: snowcrawl on September 26, 2014, 02:26:40 AM The only way to accomplish that would require providing some incentive (an offer they can't refuse) for a certain percentage of the current miners to unplug their machines and give up on bitcoin mining altogether.
Title: Re: Instead of buying Hash rates, I would like to buy difficulties Post by: gallery2000 on September 26, 2014, 02:35:04 AM How about letting people mine and earn their bitcoins in a fantasy difficulty level? For example, the current difficulty level is 34,661,425,924. Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool" with a difficulty level of 14,661,425,924. Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins?
Title: Re: Instead of buying Hash rates, I would like to buy difficulties Post by: philipma1957 on September 26, 2014, 04:04:26 AM How about letting people mine and earn their bitcoins in a fantasy difficulty level? For example, the current difficulty level is 34,661,425,924. Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool" with a difficulty level of 14,661,425,924. Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins? So I run my miners on your pool. the whole thing is based on ½ the diff. if you can pay off at 2x the standard rate you would need lots and lots and lots of coins. How would you get people to trust you? Lets say you did this you would lose money. the current payoff for 1th is about 0.01452 so if I send 1th to your fantasy pool I should collect 0.02904 a day until the next diff. I just can't see a money making model for this on your end. Title: Re: Instead of buying Hash rates, I would like to buy difficulties Post by: gallery2000 on September 26, 2014, 04:25:12 AM How about letting people mine and earn their bitcoins in a fantasy difficulty level? For example, the current difficulty level is 34,661,425,924. Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool" with a difficulty level of 14,661,425,924. Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins? So I run my miners on your pool. the whole thing is based on ½ the diff. if you can pay off at 2x the standard rate you would need lots and lots and lots of coins. How would you get people to trust you? Lets say you did this you would lose money. the current payoff for 1th is about 0.01452 so if I send 1th to your fantasy pool I should collect 0.02904 a day until the next diff. I just can't see a money making model for this on your end. You are right, it will not work. You mine in the "Fatasy Pool" then you can only get "Fantasy Bitcoins" which you can only spend in a "Fantasy World", not the real world. |