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Author Topic: [ANN][KARM] Karma / ₭ / X11  (Read 563691 times)
Alphi
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May 28, 2014, 03:07:40 PM
 #1701

is this a viable idea?

to provide incentives for people to mine at another pool?

it is possible, apparently Blackcoin and Mintcoin do this.. they set up pools where people provide mining power and they get paid in Black and Mintcoin.

http://coinjoint.info/pow-multipools-affect-pos-blackcoin-mintcoin-others/

whether or not it is actually worthwhile is a different question.. I suppose all miners just tend to go where it is more profitable.. so you would just need to find a balance that gives them enough extra to move without breaking the bank. If you set up a P2Pool pool and do that.. even if they all move over it wont be a problem as far as 51% attacks are concerned.



With one difference.. payment would be in Karmashares. We don't want anyone (some of whom are primarily profit-driven) dumping Karma.

The Karma they mine they can do as they please.

But it may compel some miners to take a more long-term view of what they are mining. Some may not even know of Karmashares, possibly.


how about you say if coins are mined on pool X then they don't have to wait 30 days for their karmashares or some sort of bonus scheme like that...
the pool has to be P2Pool though or it wont work because then you would just end up centralizing the mining power even further.


or I just had another thought... P2Pool transactions are easy to detect because they send out coins in small chunks rather than big blocks the way MPOS does..
so you could look for small transactions on the blockchain and reward those ones with bonus Karmashares. that way everyone who uses P2Pool regardless of where they mine would be rewarded for doing good on the network.  mined coins (virgin coins) compared to spent coins are easy to detect too so you could theoretically prevent the system from being gamed.



KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
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kosmost
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May 28, 2014, 03:12:55 PM
 #1702


how about you say if coins are mined on pool X then they don't have to wait 30 days for their karmashares or some sort of bonus scheme like that...
the pool has to be P2Pool though or it wont work because then you would just end up centralizing the mining power even further.

unfair to people who don't mine, I think

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Alphi
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May 28, 2014, 03:14:10 PM
 #1703


how about you say if coins are mined on pool X then they don't have to wait 30 days for their karmashares or some sort of bonus scheme like that...
the pool has to be P2Pool though or it wont work because then you would just end up centralizing the mining power even further.

unfair to people who don't mine, I think

92% hash rate on one pool is far more than unfair to people who don't mine...
lets say the network gets 51% attacked.. what do you think that is going to do to the coins being held by people who don't mine?
A 51%+ attack wont be able to steal those coins so the coins themselves are safe.. but it will cause panic selling.

you just need to get more than half the people off MPOS pools (and onto P2Pool pools) and the problem of one pool being used to attack the network goes away.

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
kahir
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May 28, 2014, 03:18:58 PM
 #1704

okay im gonna start talking about this even im not sure its the right thing



can we change karma algorithm ?

since asics are getting shipped already ... few people gonna have the higher hand of the incoming karma supply .. and slowly people with gpus will stop mining scrypt based coins

i hate the idea of cutting coin supply / halving / reduce block reward / changing algo

caz all that hurt coin


but what im talking about here could it be more useful than hurting ..





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May 28, 2014, 03:20:32 PM
 #1705


how about you say if coins are mined on pool X then they don't have to wait 30 days for their karmashares or some sort of bonus scheme like that...
the pool has to be P2Pool though or it wont work because then you would just end up centralizing the mining power even further.

unfair to people who don't mine, I think
agreed, the mining-problem is not the non-miners problem.

there is only one thing to say: people who consciously mine at the 92% pool are either people who are not interested in this coin besides personal profit or people who have zero knowledge of the technical aspects of cryptocurrencies and the fact they are destroying the karma ecosystem.

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May 28, 2014, 03:22:34 PM
 #1706


how about you say if coins are mined on pool X then they don't have to wait 30 days for their karmashares or some sort of bonus scheme like that...
the pool has to be P2Pool though or it wont work because then you would just end up centralizing the mining power even further.

unfair to people who don't mine, I think

92% hash rate on one pool is far more than unfair to people who don't mine...
lets say the network gets 51% attacked.. what do you think that is going to do to the coins being held by people who don't mine?
A 51%+ attack wont be able to steal those coins so the coins themselves are safe.. but it will cause panic selling.


"some sort of bonus scheme", as you mentioned, could also be attractive.

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Alphi
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May 28, 2014, 03:24:43 PM
 #1707

agreed, the mining-problem is not the non-miners problem.

it might be seen as unfair by some but whether they like it or not, network security is a problem for anyone who owns the coins regardless of if they mine or not.

there is only one thing to say: people who consciously mine at the 92% pool are either people who are not interested in this coin besides personal profit or people who have zero knowledge of the technical aspects of cryptocurrencies and the fact they are destroying the karma ecosystem.


in think by and large most miners don't have any incentive to care.. especially if they don't plan on holding coins for the long term. The only people who suffer when an attack occurs are those people left holding the bag and even then the suffering is only temporary if the dev team is strong enough to fix things.

education is the key. And failing that then financial persuasion.


one other thing that can be done to promote the use of P2Pools is.. if a Pool is not using P2Pool and they have more than 50% of the hash, then they get delisted from all pool lists on official websites pages, threads etc..

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
altcoingood
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May 28, 2014, 03:40:27 PM
 #1708

agreed, the mining-problem is not the non-miners problem.

it might be seen as unfair by some but whether they like it or not, network security is a problem for anyone who owns the coins regardless of if they mine or not.

there is only one thing to say: people who consciously mine at the 92% pool are either people who are not interested in this coin besides personal profit or people who have zero knowledge of the technical aspects of cryptocurrencies and the fact they are destroying the karma ecosystem.


in think by and large most miners don't have any incentive to care.. especially if they don't plan on holding coins for the long term. The only people who suffer when an attack occurs are those people left holding the bag and even then the suffering is only temporary if the dev team is strong enough to fix things.

education is the key. And failing that then financial persuasion.


one other thing that can be done to promote the use of P2Pools is.. if a Pool is not using P2Pool and they have more than 50% of the hash, then they get delisted from all pool lists on official websites pages, threads etc..

for the sake of education (and fairness) i'd rather we keep all pools on lists but provide number of miners and hash power of each one. i can whip up some api-calls to them and dump a list with the hashpower once a day or something and ask people politely to pick another pool than the 92% one.

like you said, education.
Alphi
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May 28, 2014, 03:58:39 PM
 #1709

for the sake of education (and fairness) i'd rather we keep all pools on lists but provide number of miners and hash power of each one. i can whip up some api-calls to them and dump a list with the hashpower once a day or something and ask people politely to pick another pool than the 92% one.

like you said, education.

+1

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
altcoingood
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May 28, 2014, 04:12:29 PM
 #1710

So, there is 1mh/s extra hashing at p2pool.karma.altcoin.dk and i am moving my 1mh/s to http://pool.terahashers.com/ for the next 7 days atleast.

(edit not terahashers, it seems down (wasn't down when i checked it one hour ago)....

edit edit edit: ok so i am picking... hasher.ca (which is pretty wild for me if you read backlog).
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May 28, 2014, 05:05:44 PM
 #1711

if we want to avoid %51 we should use the pools lunched by our members here.

Could we have a list of them once more ? 

i know altcoingood p2p pool . which ones are the others?
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May 28, 2014, 05:10:43 PM
 #1712

okay im gonna start talking about this even im not sure its the right thing



can we change karma algorithm ?

since asics are getting shipped already ... few people gonna have the higher hand of the incoming karma supply .. and slowly people with gpus will stop mining scrypt based coins

i hate the idea of cutting coin supply / halving / reduce block reward / changing algo

caz all that hurt coin


but what im talking about here could it be more useful than hurting ..







This has been brought up multiple times and the general consensus is that it's not going to happen; "embrace the ASICs." It may be worth setting up a multipool that pays out in Karma soon (while this was also shot down by a lot of the community, it would help those who can't otherwise mine Karma).


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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May 28, 2014, 07:25:00 PM
 #1713

POLL: Should we accept BTC for Karmashares (at same 1.75x rate) to raise funds?

http://karmashares.com/forums/index.php/topic,94.0.html

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May 28, 2014, 07:30:25 PM
 #1714

POLL: Should we accept BTC for Karmashares (at same 1.75x rate) to raise funds?

http://karmashares.com/forums/index.php/topic,94.0.html

Is there any information on what funds are being spent on yet? I haven't seen any public documents that help decipher what is needed (how much) and a timeframe or anything.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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Alphi
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May 28, 2014, 07:53:17 PM
 #1715

holey moley Karma just exploded 74 litoshi! on mintpal... we might even make the top 50 altcoins list tonight.

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
kosmost
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May 28, 2014, 08:36:14 PM
 #1716

POLL: Should we accept BTC for Karmashares (at same 1.75x rate) to raise funds?

http://karmashares.com/forums/index.php/topic,94.0.html

Is there any information on what funds are being spent on yet? I haven't seen any public documents that help decipher what is needed (how much) and a timeframe or anything.

We have not yet spent any Karmashare funds.

But for near-term expenses, we are putting together a list now at http://karmashares.com/forums/index.php/board,17.0.html

This is of course a now incomplete list that we will flesh out in the next few days.

The first order of business when new workgroup leaders are elected next week is to submit their budgets and consider expenses.

(Coins exchanged in first round should not exceed more than 10-25 LTC worth of coins per day, if measured at current rates, only if the market can amply support it. Of course, no dumping of any kind would occur. We would likely use BTC before any of the coins. More info to come)

Goodomy ["GOOD"] token here ∞ Rewards for customers of 700,000 retail stores in the US and millions more around the world
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May 28, 2014, 08:43:26 PM
 #1717

everyone msg https://twitter.com/CoinWarz to add karma back : )
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May 28, 2014, 08:44:34 PM
 #1718

holey moley Karma just exploded 74 litoshi! on mintpal... we might even make the top 50 altcoins list tonight.

Don't you worrie about the price. It is underestimated by hundreds of times. Volume is what we need. And the volume should be at least 3x today's at this price. Slow and steady.
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May 28, 2014, 09:11:03 PM
 #1719

Karma & Karmashaes on Coinjoint


Go Karma!

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May 28, 2014, 09:12:07 PM
 #1720

hashrate also exploded, it's at 1GH/s now... 200% from a few hours ago.
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