I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.
Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.
Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.
I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.
I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!
I don't think it is a good idea, a lot of people will look into the fee and think it is too high even if the profitability is better people might not even bother to try and see how many coins they really get after the fee. Also less people mining with a higher fee might get less income than a lot of people, I think that crypto at the moment is very elastic, due to the many alternatives available from other multipools to mining on your own.
Cheers!
Well Jabulon is right that the pool should not be so profitable that it makes sense to dump the BC earned through the pool into BTC afterwards. Furthermore I would also like to see the possibility to pay some extra fee that goes into development / bounties for BC projects. Even if it is optional.
I think there is a large number of miners on the multipool who really believe in this coin and don't just mine for profit but also to support the idea. Many of them will appreciate it if they can support the development through their mining effort.
AFAIK You
Again the idea of a multipool is to make it profitable for the miners and increase the value of the coin, if it is not profitable it would be BEYOND STUPIDITY to use it, it will not benefit the coin and you will subsidizing other people coins if they use other means to get them, also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.