Dear Groestlcoin community,
It's been awhile since I posted here. Why? Public relations is not my thing. :-) If you don't know it already, just read some older messages in this forum.
I'll post now and will probably refrain from doing it in the future, you can always PM me if you need me.
But I've always been a supporter of Groestlcoin and things were handled pretty decently here.
I once mentioned in Russian forum, that if GRS price is less than 700 satoshi, I am not happy.
It is still the case, but now I think I know how to fix this...
Anyways, you probably already know about my pet project "grs-sgminer". Well, now it is turning into "boost-sgminer" (spoiler alert :-))
I'm rolling out the boostpool.com GRS multipool. And I'd like to state a few things...
1. GRS income from boostpool is always going to be larger than if you mine GRS directly. How much larger - depends on exchange rate of other coins.
2. 10% of multipool's fee earned from Groestlcoin miners is donated to GRS community for sponsoring other dev projects.
3. Yes, I'm getting fee from multipool. Yes, it is more than usual multipool fees.
I believe that multipool will allow us to pump GRS into 1000+ satoshi range. Why? Because I need lots of GRS to pay miners on multipool. And I need to buy these GRS somewhere.
So this increases GRS exchange volume and if there are no dumpers (if somebody doesn't need GRS from multipool, just mine with your BTC address), the price will rise. It is already rising, just look at mintpal prices:
Today I paid out 100k GRS, while the total volume of all mined GRS per day is about 33K.
I believe that this is beneficial for everyone. Even for pool operators: because the higher price of GRS will bring more miners and they need to go somewhere.
PS: There are some other changes I'm going to do to support Groestlcoin community:
groestlcoin.biz is moving to a USA server and going to have
0% fee
groestlcoin.biz will have X11 multipool in addition to GRS pool (2% fee: 1% exchange fee and 1% donation to GRS community)
Thanks
srcxxx