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December 17, 2013, 04:01:35 PM Last edit: December 22, 2013, 05:55:59 AM by markm |
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For developers with the skills to do this, their best bets really for compensation are probably GRouPcoin (GRP), CoiLedCoin (CLC) and GeistGeld (XGG).
That is because those three merged mined coins are not on exchanges yet, and only one of them (GRP) is even on any major public merged mining pools yet.
Which means there are probably people getting GRP free so you might be able to pick up a lot of it cheap; and for CLC and XGG their difficulty is extremely low so you can mine lots of them with very little hashpower.
So really the way to get rich with those skills would probably have been to merged mine all the merged mined coins (BTC, NMC, DVC, GRP, I0C, IXC, CLC, XGG), even if only with a block eruptor or a few block eruptors or even a GPU or a few GPUs, so as to accumulate lots and lots of the low difficulty ones, leaving those low difficulty ones until last for the software upgrades, so that by the time you upgrade their software you already have huge numbers of their coins.
IXC does not really need an upgrade as much as some of the others do, in fact, though; so actually if you had actually done the merged mining you would have realised that XGG was more in need of the upgrade than any of the other merged coins. Notice that someone has in fact done a partial update of XGG, not the full fix but just the dirty hack fix, to enable them to be able to merge it without eating 8+ gigabytes of RAM to do so.
Actually merging all the coins would have shown them which ones they needed most urgently to update to fit all the coins into their available RAM, unless they chose to just throw RAM at the problem instead of fixing the problem.
Basically working on these coins is a self-funding endeavour, or should be; the under the radar coins are where you get to build up a huge hoard of coins ready to profit massively once you do release updated versions.
IXCoin could have waited, you could have first fixed XGG and CLC however much they needed to enable you to be able to add them to your own merge. Then regardless of whether anyone donated anything toward updating the coins that already have massive hash-rate and are already on exchanges you would have been building up your under the radar fortune in the under the radar coins.
Which of course you might actually be doing; you certainly ought to be doing it, even if it does turn out that you are able to get some donations too.
For long term people all these merged mined coins basically each lose a lot of their appeal as long term investments once all kinds of public pools and exchanges adopt them, because then it becomes too late to spend months or years quietly establishing large holdings of them.
Part of why there had been no urgency to update IXCoin was that it was not enough of a RAM hog compared to e.g. I0Coin and (even more so than I0Coin) GeistGeld to be a problem, and it was already so darn hard to accumulate by mining that attracting even more miners would just make it even harder to build one's position by mining.
Make sure you developers all have CoiLedCoin and GeistGeld in your merges, so that when time comes to update them you need not go begging since by then you will be major holders of those coins having mined them at low difficulty all this time...
-MarkM-
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