Network Hashrate 14.6 TH/s ... and looking up
We're back up to 20 ths atm.
I get asked often about Uno's network strategy. The way I see it, our strategy should be multi-pronged going forward.
1.
Whatever Blazr2 is working on. He has some creative ideas around merge mining. He learned some things contributing to ParallelCoin (DUO), even though that project didn't take off. Some of that learning may find its way back to Uno eventually. I trust Blazr on this.
2.
Altruistic mining. Dedicated core community miners who see long term value in Uno and will keep hash on it always. They hash in low & high price situations. Anyone can join in the fun by purchasing cheap Sha256 mining equipment. Things just got easier today for altruistic miners, because now you can buy the hash at Genesis-mining.com. Just buy the hash & choose Uno as your coin -- let Genesis worry about electricity, heat, noise, software, etc., forever. I'd like to see 1/3rd of our network hash in the "altruistic" camp.
3.
Fair market pricing. Fair pricing of Uno supports non-altruistic mining and immediate profitability, and also rewards our altruistic miners for sticking it out during unprofitable stretches. The community can influnce this by valuing Uno appropriately in the markets. It's obvious that the price of Un is a huge driver of hash rates. You can see it clearly on a daily basis; when Uno is climbing, so are hash rates.
4.
Uno merged mining ecosystem. I've had some discussions with various coin managers/devs about merge mining around Uno. This involves no change to Uno. The merged coin keeps their own block chain but add code that that allows proof of work on Un to solve blocks on the merged coin. I have found some some interest from coin devs & pools, but not a lot of understanding around exactly how to accomplish this. What's needed is someone with technical skills to take the lead here and become a resource for the ecosystem, providing a roadmap and an example of how to do this. I can bring some organization and marketing to it, but I can't do the heavy technical lifting. By merge minging with Uno, smaller 'capped coins can increase their profitability to miners, tap Uno's higher hashrates, and leverage the Un community (including me) to help promote merge mining of their coin to our mining pools, and our exchanges. The more coins that do this, the more profitable and secure we all become. There is a Bitcoin merged mine ecosystem; what's needed is a faster 3 minute merged mining ecosystem to provide a profitable alternative. I'm hoping we can some traction here soon.
Are you a coder with some talent, wanting to take on a challenge and help provide a merged-mining roadmap for other devs to follow? I would like to talk with you further about this.
5.
Is there a number 5 and I've missed it? Probably there is and you can add to this strategy. Uno is an open source community driven initiative. Feel free to lead.
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