>>> I still say the problem would be addressed if there was a minimum block reward threshold of zero, that is triggered by input of minimum block reward due to hashrate. I.e. if block reward of a pool falls below 10 XMG, for example, then block reward drops to zero until hash returns to reasonable levels, meanwhile any hackers doing a DDOS attempt on the pool should be IP logged and arrested if within a country that has laws against DDOS in a harmful manner to a server not owned by the hacker.
>> returns to reasonable levels,
What is reasonable? Any constant in net algorithm work until not a lot people interested in this.
Forget for a second about botnets and hackers..
For example, now algo limited by 20Mh/s and it is work, coins become more popular, and now we have 40Mh/s fair solo miners.. And then what? Admins decide change 20 to 40?
And where this decentralisation? If only one man can easily decide change revenue for everyone.
Such manual manipulations is path to drop price or delist coin from markets.
>>DDOS attempt
What are you speak about, we didn`t speak about ddos or other hack attack.. For example, I or someone else have 10000 remote devices, each is not strong enough (50-100Kh/s for example) and have different IP.
I can do attack do coin reward, I push required power to make revenue near zero and then wait until others stop mining.. then I start optimal power and get most of coins, until others not back.
And when they back - I start from begining.
It will work not because I doctor-evil and want to beat all this beautiful community... no... just because it can be profitable, more profitable than other coins.
pumping the hash to knock miners interest has been the normal for a long time
this coin has no multipool if im mining magi on my cpu means im dedicated to mining
im not even going to notice the hashrate on the network since i have no alternative
coins to mine on the same algo it matters absolutely not from moment to moment
at the end of the week if i check on my payouts and they suck i may decided to cpu mine
something else ... but not likely . the dedicated miner is just going to mine regardless of
the payout ... no one is mining up 1000s of magi to dump its a set it and forget it .
ive not looked into the entire story so maybe im missing something... the complaint is the
difficulty is to high and the reward is almost zero? if so in my very humble opinion good
a coin that fights back ... a complaint of mininers driving up the difficulty and then hopping
is no new story ... i really dont see the problem but i am ready to be corrected