Hello,
Is this a same project as the other SMART was which was deleted earlier today from here?
If yes, I would ask the same question as unfortunately I had no opportunity to check out the answer.
Do you have any plan of changing the division of the block reward?
20% MINERS/SMARTREWARDS
80% SMARTHIVE/HIVETEAMS
80% is way too much to add to a development fund and divide it between the team members. Giving only 20% to miners and masternode holders are not enough, not high enough incentive to do out part.
hi i am just a fan so, this is not an official response.
i thought the same as you when i looked into this one. i saw the 80% and was like F THAT.
but it's not as bad you'd think. that 80% doesn't get flooded into the market. and it doesn't go to a slush fund for a secretive group of core developers. every smartcash held is one vote. anyone in the community can make a proposal to enhance Smartcash. in the proposal they include a dollar amount, deliverables, and a timeline and are paid upon meeting their deliverables. think of it like a stock investing in marketing or new products to enhance the price of your shares (not exactly but you get the idea). developers do proposals for apps, they've had contests for best written piece and best Smartcash or video.
I just found it to be a cool idea because it starts to build the basis for actual governmental systems with crypto. Could you imagine if every tax dollar collected from you for the year, you would then be able to use that money as votes toward what the governments spends all our money? Ok, that's futuristic, but a cool thought. some have argued that 1 vote per coin is not fair, but I argue that the people with the most invested in it should have the biggest say in where funds are allocated.
Also, check it out:
http://monkeycoin.exchange/using the hive funds they've already managed to get listed on Venezuela's only legal crypto exchange. That's big company they are sitting next to on there!
As far as mining goes, put it into the profitability calculator for yourself!
https://whattomine.com/coins/197-smart-keccak1060 ~420 mh/sec
1070 ~725 mh/sec
1080 ~1000mh/sec
1080ti ~ 1300mh/sec
Now, I've mined this for a few months. They have block decay in rewards every block that is not factored into the calculator. You can expect 10% reduced profit from the calculator. Now, if you hodl, you likely would make that back in SmartRewards each month. This month it is 7.6% but this changes based on who moves coins around. The requirements are 1000 minimum Smartcash and that you do not remove coins from the wallet. You can add coins to the wallet just not remove them out of the wallet.
Smartreward calculator:
https://smartcash.cc/what-are-smartrewards/#toggle-id-1They have masternodes coming out this month and they say they are on track as well. There's a lot of exciting stuff for me with this one.
