multipool automates the task by mining the most profitable coin , selling them for btc and then buying say COMM .
I see two more advantages which are:
- buying more often (because of the aggregated minning power) so it will provide a kind-of-constant buying pressure on COMM (reducing volatility while not paying higher at once)
- paying less in miners' fees (compared to each user doing the exchange by himself)
Adriano
In my opinion multipool should be set up before COMM hits Mintpal. Mining profitable coins and buying COMM at those exchanges, where the coin is already listed, will force up initial COMM price when the coin hits mainstream exchange. Think of it like homework before going to scene.
Btw, my mining PC will be pointed as soon as multipool opens. Now I am mining other coins and accumulate BTC to support COMM, when it hits Mintpal.