Hi guys,
Can i just ask a dumb question.
Why when this coin is currently virtually valueless are people over mining it.Looking @
http://coinsforall.io/#!/coin/DTC we have only 11 workers, and on
https://dtc.graymines.net/ , zero workers.
The diff is @ 9.6193 and 3692.001 chains/day with 24 gpus
We could all be simply cpu mining via wallet, or mining with very low end hardware, thus lowering the diff, thus allowing us all to mine many more coins....in a few weeks when we all have many more coins, then increase hash, etc....
I'm sorry if i offend people, but i simply don't get why such low value coins are overmined....when there is clearly zero demand.....surely the whole point of mining is the vague hope of grabbing loads of easy to mine blocks, which one day will translate into value added coins.......at the current value if 1 single miner with 1 x 1030gt (30watt) was winning every block all day, i still don't think they would generate enough coins to pay the power bill, therefore currently the best choice is simply to buy this coin....
Remember you only need 2 wallets and 1 miner to keep a block chain moving, so if we get the diff sown to say half what it is now, then we may actually encourage people to join in the mining, but in a competitive market of 7500 different coins, what makes this attractive to miners currently?
extro1, i'm currently using wallet "datacoin-0.8.6.0-linux" and it appears fine, bit slow to open, and very slow to sync compared to say Primecoin wallet. So i think the wallet needs some more optimising.
(I opened DTC and XPM wallets together, DTC was 39 hours behind, and XPM 6 weeks,,,,,DTC is still 11 hours behind, and XPM has synced)
How's about both pools SHUT,
the wallet get slightly more optimised for syncing,
instead of having to go to Help, Console, and typing "setgenerate true 1", the wallet has a "MINING" tab, where a slider allows someone to select the number of threads....
The way i see it, is all the high value coins, BTC, ETH etc you can buy a rig, use calculators and pools, etc, and see that you CAN make money if you try hard enough, or at least if you can't today due to the fluctuations you probably will make money...so thats enough for peeps to take a chance....
but with DTC having virtually no value, and virtually no miners....to me, more than anything it needs a much bigger base, i mean there much only be 20-30 wallet open worldwide, and perhaps 2-5 peeps mining it.
If the wallet allows for simple cpu mining only, no pools, and a diff more down in the 1 -2 range,the barrier to entry drops, and with some advertising, hopefully we might increase miners to 100, maybe 1000 over quite a short period....who know...at the moment there is simply zero interest, so 1 miner with 1 1080ti rig and free power can completly dominate the coin, so how does that incentivise anyone else?
I hope between the contibutors on this forum you can come up with some ideas, because i think DTC stands out from the crowd, and is still true to the original concept of mining, and there are only a handful of coins left that still do that.
If no one wants to close the pools and help lower the diff, perhaps the only other option is to hardfork....have to say that most coins i see hardfork, usually die quite soon afterwards thou, so thats not an option i would vote for....
Just my thoughts
minerja
Just as a guide - Ryzen 1800 4 threads
11:16:12 getmininginfo
11:16:12
{
"blocks" : 3402345,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"errors" : "",
"generate" : true,
"genproclimit" : 4,
"primespersec" : 1404,
"chainsperday" : 0.14816184,
"pooledtx" : 0,
"testnet" : false
}
oh, and POS simply allows the bag holders to get richer....but alienates all new miners....besides i think there are currently 5200+ POS coins
Full disclosure, after nearly 3 years of mining this coin, i think i have mined about 8000 coins total ! 5000 are on an exchange @ a few stats and the rest are split over 5 or 6 wallets, so POS gets me ZERO.
