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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 01:10:10 PM
My idea about multipool was that we need to support the coin after PoW phase ends and generate people's interest more and more then. Right now the people mining the coin are supporters only. I personally do not like the idea that some douche with 4GH will mine the multipool, then will buy minerals (which is good, don't get me wrong), the price of minerals will go up, which will lead to more people to jump on the most profitable coin right now which is MIN. They will mine the coin while it is profitable, the hashrate will increase and supporters will get less and less coins while dumpers will get their share and then dump the coin on the market decreasing its value once again right after the multipool has risen it.

That's why I don't see any reason to have a multipool right now when we have the PoW running and only the true believers mining it to attract dumpers. In 3 days when the PoW ends and the multipool starts, then the price will be regulated by supply and demand and not by mine and dump scheme.
Ok, we can have a vote on this. We can shutdown the multipool now and wait until the end of POW. The reason we were pushing for it now is because some people were saying that it is not profitable to mine.

With difficulty well under 100 it is more than profitable to mine even if you do not get the value in BTC than you would with some brand spankin' new shitcoin. The mere fact that you brought multipool (even with basic functionality - two coins, one algo) is admirable enough and speaks for your actions and your commitment to this coin and the community. I've seen coins where months pass by and people are still talking are we having or are we not a freaking multipool when the coin is already in coma.

So having the pool ready is just great and I guess when it kicks in after PoW we will acquire more interest (especially the big exchange + multipool combo)
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 12:56:19 PM
My idea about multipool was that we need to support the coin after PoW phase ends and generate people's interest more and more then. Right now the people mining the coin are supporters only. I personally do not like the idea that some douche with 4GH will mine the multipool, then will buy minerals (which is good, don't get me wrong), the price of minerals will go up, which will lead to more people to jump on the most profitable coin right now which is MIN. They will mine the coin while it is profitable, the hashrate will increase and supporters will get less and less coins while dumpers will get their share and then dump the coin on the market decreasing its value once again right after the multipool has risen it.

That's why I don't see any reason to have a multipool right now when we have the PoW running and only the true believers mining it to attract dumpers. In 3 days when the PoW ends and the multipool starts, then the price will be regulated by supply and demand and not by mine and dump scheme.
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 12:40:46 PM
minerals multipool..
- coins should be secret?
- will be more coins added?
- will be more algos added?
- eu and other stratums?

More coins and other algos will be added in the future. Other stratums - possibly, but for now we will run it on a single stratum. I didn't understand the question about secrecy, what do you have in mind?

Secret coin means that you are mining some X11 coin that by some proprietary algorithms you found to be most profitable right now. And you do not know others to find out that you have already found out that this coin is profitable since when they start mining it it won't be profitable anymore. That's why you are mining whatever you think is most profitable for your multipool users and the only thing given out as information is the profitability per Mh/s.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 11:49:50 AM
Looks like the multipool should become functional right after the end of PoW. People with GH power might get tons of minerals right now. Also I suppose trading fees are taken out of the available balance on conversion. So if you've mined X coins you get Y coins minus 0.15% trading and transaction fees
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