Hello folks, I passionately followed the coin, today after seeing the result of mining I realize something very simple, this currency is easy to corrupt and collapse, these days as things are with the market for cryptocurrencies and impositions from different governments, I realize that yes, a government would like to end with xmg, simply redirecting a lot of hash rate towards the mining of this, ruining the whole network, since it would not reward anyone, a government can give itself the pleasure of doing this and believe me that sooner or later this will happen, today I abandon the mining of this currency, there are many more profitable than this, then from the fork everything went to sink (and I do not speak of the price) a hacker took rewards and that keep this currency active take the punishment, is my simple point of view, goodbye XMG
I totally agree with this logic. Time per block is still high and let's all remember that XMG isn't that popular. What's going to happen when it becomes more popular? Everyone will start mining which will make it impossible for the coin to be used.
The following are some solutions to the problem:
- create some sort of passport registration to mine and eventually impose limits (not the ideal solution)
- Token mining - Example -> X amount of tokens are generated every 12 hours. Every token has a max hash limit of 4320000 hashes (100hashes/second For 12 hours). Once this token is used (limit reached), it can no longer be used. These tokens are distributed randomly among interested miners. There might be times when you don't receive a token, but when you do you can't exceed the limits. This technique will create a balanced network.
Developers what do you think?
--Edit
Tokens can be distributed per block
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