As long as orphans on other pools are higher than the fee on Nitro then of course people will continue to mine there instead of elsewhere. I'm mining at Greekpool where orphans were 15% last month, 13% last week.
I don't know who's responsibility it is, but balls to both the miners on Nitro and the pool Nitro
You gits! LoL
exactly, if you mine on other pools 15~30% of your coins get orphaned and sent to a miner on nitro instead because nitro will outvote you .
It's not the dev's /pool operators fault that everyone went there, but there should of been more intervention earlier on to prevent this , there just wasnt good communication between pool operators devs and miners in the early stages , which led to the formation of this vicious cycle where no one wants to spread their hash out because they dont want to be the bagholder for all the orphans.
Nitro 2 was a success in the sense that it decreased orphans for other pools, but it was too little too late, as the pools simply died due to the high volume of orphans (the problem wasn't addressed fast enough).
Best thing to do, would be to jack the fees on nitro up 15% and destroy the difference.
So nitro keeps 2~3% ->+ destroys the coins mined from the other 12%.
It would force a hard-reboot of the hash and stabilize the price of the coin.
Or the devs could lower the block reward. by 20%.
BUT o/c thats a crazy solution.
IMO the inflation rate for UTC is a LITTLE HIGH, not too too high, but it could drop 10~20% and I think the coin would be healthier for it.
o/c its going to be hard for any coin to do well in the current environment where bitcoin seems to want to drop to 300$.
Anyway we are pretty much at the lows for the coin, at this price there isn't much incentive to sell, other coins out there are much more profitable to mine and drump right now.
Right now coins that are more profitable to mine and dump:
MegaCoin Spain Coin Piggy Coin ExeCoin BitGem Neocoin FoXcon Etc... UTC is pretty much floating above break even.
Only reason to mine UTC right now is if you think it will go up and you are holding, if you are mining utc to dump at this price level, you are pretty much lazy to do the math, even doge is more profitable right now and that coin you could easily dump because it has volume trade.
Price isn't everything, but no one wants to see a coin they like go to 1cent I genuinely like this coin, and want it to do well...... and I am usually for free market and all, but this coin could use a little forward guidance.
It's a discussion that needs to be had.
Also, I think it would be a cool idea, if the developer started an IRC chat channel on freenode or quakenet or something, somewhere , where the community can actively:
1) communicate
2) vote, take polls etc..... vote for changes some form of democratic control over the coin by its users
3) share ideas live in a raw unfiltered way to allow for more ideas
Without communication nothing can be achieved, forums are nice..... and all but they are slow.
