1. but it would force transactions on the network which would result in fees.  miners would have to build mechanisms to combat the destruction.  they would not be available before the coin launch and miners can't be at their rigs 24/7.
2.  that is part of the point.  making mining risky.  pool mining would net offset the losses over time.

Does PPC also include POW or is it phased out over time?

there would have to be a period where rewards would be flat but would have to be phased out.  I would keep the initial flat rewards at a low amount so the first few miners from dominating the rewards.  DGC is a good example.

[Exp]erimental Ideas


I want to redefine this post as new coin features.  A list of coin features that could combat inflation and increase future demand.

Fixed Reward - Block rewards are fixed amount per block.

Dynamic Reward - Block rewards are variable can change form block to block or for a range of blocks.

Constructive Reward - Block rewards are typically constructive in that they produce coins.

Interest Reward - Reward is percentage based on mining accounts total coin count.

Destructive Reward -  show proof that miner burned some coins - that is, sent them to a verifiably unspendable address.

Transaction Reward - Block rewards only come from fees paid by individuals executing transactions on the network.  As transaction rates increase so do block rewards.  

Random Walk Block Reward - Rather than a purely random reward the block reward randomly increases or decreases in a range.  This would have an effect that would look like that of a stock trend.  Block rewards could trend up or down for a period of time.  This would have miners speculate on what the block reward trend might go.  It is inflationary and there is risk of accelerated inflation for periods of time.  To offset inflation it would need to be coupled with a Destructive Reward as well.

Transaction Rate Reward - Block rewards are based on a measurement of transaction count on the network.  It could be measures by a moving average of the number of transactions in the last n blocks.

Transaction Volume Reward - Block rewards are based on a measurement of transaction volume (total coins in transactions) on the network.  It could be measures by a moving average of the number of coins in transactions in the last n blocks.    The increased volume of transactions would provide increased fee rewards.  This would provide incentive to miners.

Combinations

Constructive/Destructive Reward - Block rewards are typically constructive in that they produce coins.  Some block rewards have a percentage chance of destroying a percentage or fixed amount of coins from the mining account.

Transaction Reward/Destructive Reward - Block rewards only come from fees for transactions.  As transaction rates increase so do block rewards.  Couple it with a Destructive Reward so that miners must balance risk/reward for either holding or transferring coins.  Miners will want to keep their balances low in the mining account but too frequent transaction will net high fees.


what other concepts can be implemented?

it will go down.  it is fighting the inflation.  future inflation is guaranteed.  future demand is speculative.  if you cna find reasons that demand will increase faster than the rate of future inflation then price will go up.

The major issue with all the coins being produced is that they increase in circulation (inflation) regardless of demand.  If demands increases faster than the rate of coins produced then the price goes up.  If demands stays flat then the price of the coin goes down.

Difficulty retargetting only affects price in that it accelerates the short term rate at which price will drop because it is based on what the trader (not the miner) feels that future value of a coin will be.  When a miner gains some coins from mining he then determines if he should trade them or hold them.  Because he is fighting inflation rates odds are he will sell them.  So price will go down.

tne purpose of the coin is a medium of exchange, not to mine.  maybe if you come up with an idea for how you can make a medium of exchange better and care a little less about the mining it might be worth something.

free speech man. 

I was about to post the same thing but didn't bother.  Thank you.  I've given up on these coins.  Too many to deal with.  They are nearly all useless.  Nothing significant in any of them.

this is stupid

this sucks

£65 per month for around 600kh/s

If the client was mining LTC they would earn 1 LTC per day at 600kh/s 
That is £1.99 per day or £59.7 per month

So you are effectively going to rob the client of the LTC they earn?!?

Look  I run a data processing center with a number of servers that do mining.  I have people that I distribute a dividend to.  After my operational expenses (electricity, hourly rates, leasing)  I still give them 30% of the net profit.  I don't make them buy hardware or pay for hashes, and I don't make them manage it themselves.  I do it all and I still give them 30%.

Correct me if I'm wrong  but you seem to be fleecing people,

WTS 2000 LKY @ 15LTC/1k

When LTC gets over $5.  Right now I'm find using ASICs for BTC and GPUs for LTC and scrypts.

But look into what is coming to market right now in FPGAs.

doesn't all the computing power in the world include human brains.  last I checked 2 + 2 = 4.  That sounds like a computation.

I think you are lost in the gravitational pull of the hyperbole.

Whne has homeland security ever had to bring anything to court.  I'm sorry but all it takes is some politician to get a hair up his arse and an excuse.  Rule of law has failed in the US, so it doesn't matter why or how, only that they can and will.

Homeland security raid in 5... 4... 3... 2... 1...

OP nothing a government hates more is when you play in their pool.  Best to keep clear of an country specific branded digital coins lest you want to get into a legal battle with said nation.

You haven't looked hard enough.  Some of the latest gen FPGA Stratix V development boards by Altera are running about 9k to 12k each.

I've worked with their older boards.  There is another theoretical route he can try to take which uses some of the recent innovations with SRAM.  I have my own theories and I've mocked up some code but I don't have plans to buy a board to implement them.

For Scrypt it is not worth the time and money.  The total circulation and average daily transactions of LTC does not make it a good investment.  Anyone trying to implement a FGPA for Scrypt while LTC is under $5 is a scam (not directed at OP), or has not done the math.

anyone get a superblock yet?