the other problem i see is if lets say someone with a lot of hashpower wants to manipulate the supply to make price go up on exchanges because they could stop supply by mining faster then sell coins then stop there miner get coins again lower price more supply then repeat
so they could in theory manipulate the price
Explain please, if the stock exchanges wallets are blocked, what difference does it make if you can not replenish or change it? I'm sorry
im talking once exchanges are back on and if they implement the 40mh/s hashrate limit
difficulty cannot be set in the miner. Password setting is implemented by pools that support them. If you mine in a pool then it depends if pool support it. Just choose a pool that has the right difficulty for u
im talking about the 40mh/s limit they are thinking of implementing in the magicoin itself
so lets say the total nethashrate was 50mh/s and the new rule would make it so no pow blocks are mined when the hashrate is greater than 40mh/s so that means no pow blocks would be mined so less supply so if someone had enough hash power to add to get it over the limit then they could control supply of the coin sell there coins for more on exchange if demand was enough then turn some of there miners off
let pow blocks continue mine earn enough then repeat
they could also manipulate the price buy hashing fast enough that would not allow pow blocks to be mined therfore limiting amount of coins and manipulate supply
Show Posts
