|
January 05, 2014, 05:45:40 PM |
|
I am pretty new to the whole mining and cryptocoin thing, so please be gentle.
However, it has come to my attention that there is a huge disbalance between overall mining power and general market depth. Basicly you can put it like this: once a multipool decides to mine your coin, you're pretty much screwed. See DGC for example, they had a nice rise over the last couple of hours, but as soon as the multipools began switching to it the dumping began. Multipools and profitability calculators have become too powerful, they are just killing the market by sayn' mine this, you'll get rich.
There is a problem with that: 1. Since nobody can tell when a coin is going to rise again, except insider-knowledge of course :-), we are all depending on coinwarz, choose and other sites to tell us what we should mine. By the time the calculators get updated and the majority of miners switch their rigs there are already a couple of hours into the rise, making it more likely that the correction will hit rather sooner than later. They are basicly saying: I dare you, mofo, i double dare you to become profitable. I'll unleash the full power of my influence on you and you can suck the autosell orders, how's that :-) Once the difficulty has adjusted itself, the hoppers start calculating and visit coinwarz again, rinse and repeat... This is basicly making a nice rise over a few weeks almost impossible.
I would like to introduce a method to make mining less of a hassle and flatten the tides a bit.
Every Pool, be it single or multi, should limit their user logins. Since no Pool owner will listen to this, because more miners more revenue :-), i propose that you link your limited logins to the rate of fees and donations your members are willing to pay.
For Example, middlecoin takes 3%+exchange fees and everyone is willing to pay it. Lets say for example h20 would limit the max miners to say 1000 or 10k at a time. The pool would lose the ability to screw the altcoins whenever he starts to mine them. Pumping and dumping would lose some influence in general since Miners that cant connect are likely to join other pools or the secong most profitable coin instead. He could then introduce a dynamic way of donations and fees for his pool making a realistic treshold between 5-15%. He would lose some low quality miners due to the threshold itself and and some more because of the limitation. The dynamic fee would still be able to provide for his costs. Miners willing to pay the dynamic fee gain access to a stable pool with other like minded people. He could form a community around that.
On the other hand smaller Multipools and single pools in general could gain some new subscribers.
You can think of this concept like a Loadbalancer for the entire altcoin-world :-)
So, any1 up for discussion?
|