You can now mine Genesis and more than 200 coins at new autoexchange mining pool
Zergpool.com at 0.5% fee now. Please use following commands for different mining options
Option 1 Auto coin switch by profitability within algorithm with payment to wallet
-o stratum+tcp://equihash192.mine.zergpool.com:2144 -u -p c=BTC
Direct coin mining to coin wallet
-o stratum+tcp://equihash192.mine.zergpool.com:2144 -u -p c=GENX,mc=GENX
Direct coin mining with autoexchange to specified coin wallet
-o stratum+tcp://equihash192.mine.zergpool.com:2144 -u -p c=BTC,mc=GENX
Please note
mc stands for mining coin symbol,
c stand for payout coin symbol
Autoexchange to BTC, LTC, DASH or any other currency we mine
Happy mining,
cheers pinpin
Glad to have Zergpool onboard!
Zergpool has been added to ANN thread + Mining page
https://genesisnetwork.io/mining.phpThis is great. Another popular pool for Genesis
Do you really think it's good to be in an auto exchange?
When Zergpool and its mining power, mine and sell every day its currency, in very high amounts, the price will go down little by little.
The worst thing that can happen to a currency is that the groups auto exchanges type zergpool, zpool etc ... in the end what they do is pop the coin and turn it into a bear. Mining and selling at a market price is to lower the price a little day by day.
The currencies and the devs should do something to avoid the self-expelling pools, currency that they add, currency that seriously damage it in its price in the short medium term.
Autoexchange pool for a coin this small is not a bad thing.
a) Increased hashrate - Needed to maintain blockchain security
b) Increased volume - Needed to maintain exchange listings on STEX and TradeSatoshi (they will delist coins not doing any volume)
c) Increased exposure - Mass adoption is the goal, right?
The only time this would be an "issue" would be during a "pump" the coin would become the most profitable coin out, therefore a ton of hashrate and potential price suppression
However, when the next release comes out, the mining reward will significantly decrease to add in governance and masternode payouts. Less genx per reward = less profitability.
We assume hashrate will also increase due to increased exposure also decreasing profitability.
Be advised I strictly mean profitability as in less GENX, not actual VALUE of the coin.
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THAT BEING SAID:
Since the inception of Zergpool listing GENX, we've gone from 10-11 satoshi to 13-15.
In the end it's a give-take, but I see more benefits than negatives. So no, we will not avoid Zergpool.
