Here's a query I think dev should ponder and think about (and why this coin should now go into PoS mode):
-Current miners now have to depend on transaction fees to actually continue mining the coin.
-Given that there aren't many (any) useful services the coins most transactions are going to be the ones from/to the exchanges only.
-With believers holding the coin (or buying off the exchange and holding) the transactions may soon dry up.
-In which case, the miners from step 1 will eventually stop mining it.
making it a vicious cycle. There aren't many points favoring the continuing of the PoW, IMHO.
-Current miners now have to depend on transaction fees to actually continue mining the coin.
-Given that there aren't many (any) useful services the coins most transactions are going to be the ones from/to the exchanges only.
-With believers holding the coin (or buying off the exchange and holding) the transactions may soon dry up.
-In which case, the miners from step 1 will eventually stop mining it.
making it a vicious cycle. There aren't many points favoring the continuing of the PoW, IMHO.
I already stopped mining it because i did not see any considerable price difference since days.