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How is your suggestion any better than what Straks is now? Basically your suggestion is to switch to a technically worse algo, remove the burn which means the swap can't be handled in a fair way, and not give any incentive for the devs to do any work in the future. How does that help or solve anything?
You're suggesting that nobody is interested in mining Straks and that the project is doomed. Currently the network hash rate for Straks is 120 GH/s which is 40 GH/s more on average than it was yesterday. So clearly there's plenty of support for Straks. It seems people are willing to mine a coin without even knowing it's value.
You're suggesting that nobody is interested in mining Straks and that the project is doomed. Currently the network hash rate for Straks is 120 GH/s which is 40 GH/s more on average than it was yesterday. So clearly there's plenty of support for Straks. It seems people are willing to mine a coin without even knowing it's value.
I'm just speculating on what should have happened from the start not that either of these suggestions can be applied right now, it's too late in my opinion. Probably something else needs to be done, if anything can be done at all.
As far as worse algo, while the new hash algorithm is interesting, people with AMD cards are not able to mine it at a good hash rate, which excludes a huge chunk of former SIGT users who are interested in mining.
In regards to the burn, there is a concern if it can really be executed fairly and transparently, so by removing it entirely and not having a cost to adopt this new coin makes it easier for people to switch? I'm not entirely sure what would have been the best course of action, but from my thinking the entire burn thing is tricky.
Incentive for the devs is a very complex subject, because it tends to gravitate towards a pump and dump situation. If the devs really believed in the longevity of this coin, they were first in position to basically buy or mine a bunch at a low price using their own funds versus creating it out of thin air. I would say that from the community viewpoint a coin without premine and dev fees is more appealing.
Last night hashrate at this time was around 100-115GH/s and now I am seeing 85GH/s, so it appears to be going down.
So basically you don't have a better suggestion but you think the choices that were made were wrong?
There was a good Lyra2V2 miner for AMD: https://bitcointalk.org/index.php?topic=2360168 It seems be down at the moment, maybe someone can upload the binaries?
If you remove the burn but allow swap to happen, how do you control which coins have been swapped already? For example, if someone swaps their coins and then sells them on an exchange, how is the buyer supposed to know they have been swapped already? What if someone finds a way to re-swap them? Burning after swap is really the best solution.
If there's no premine, no ICO and no dev fees then how are the devs supposed to be paid? You do realize the devs can't mine anything if there's several hundreds of GH/s being thrown at the coin right from the start, like was the case with Straks?
The hash rate seems to be very volatile at the moment but on average it's higher today than yesterday.
Here you go: https://mega.nz/#!QfYizYoT!VCeVDGOBG1k7nerO3pjLU-lSpOMop_GRD_6hZelJxbg . Taken from the mining channel, use at your own caution however.
