Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 128. (Read 472950 times)

HEAR! HEAR! Couldn't have said any better. It was what I'm trying to say about the effect of pool mining have on solo mining before my words got twisted.

Hi Optiminer,  I have not make any demand; I simply asked you a question.

Here's my quote, "Thanks Optiminer -- any chance you can optimized your miner for solo mining?"

Also, I made a statement about high, concentrated pool hashrate will eventually drive away small solo miners.

optminer pool now taking care of 28kh/s of 48kh/s total network...

any comment?

For 5months and waith 58k HODL.... hope price increasing.... BTC was hacked 65k USD... and price move down.... not good!!!

wallet outdated their?
exchange reads


Volume:
0.46 BTC
HOdlcoin [HODL]
Marked for delisting
  
POW: 0.00
Ver.: 2000099
Block: 98835
Net. hashrate: 0.00 GH/s???

>if their average daily trading volume for last 30 days will not exceed 0.2 BTC.

Actually I think we're exceeding that every day on c-cex.

no exchange? c-cex is de-listing!

i think this update will help the price to rise up best timing to buy more coin then wait for it to rise up
good luck dev i know you are always active and you are monitoring the movements.

More details about the new miner and Optiminers pool:

http://cryptomining-blog.com/8196-new-faster-hodlminer-and-a-new-mining-pool-for-it-now-available/

I think there are good points all round.

It does help the coin to have a higher hash rate - less possibility of a 51% attack.

It also helps the coin to have more solo miners - wider distribution, less centralization.

It also helps the coin when solo mining is competitive - easier to onboard new and novice users as miners.

I think the balance has swung a bit too far towards pool mining now - however it won't be as pronounced as before, as miners are required to HODL for 1 year so only miners who believe in the coin and are making an invesment will mine for now.

To redress the balance, I do think we need to integrate optiminer's enhancements into the wallet miner, to make solo-mining competitive again. If we don't do this, I think we'll see most of the hashing power on a single pool soon, and this give us a central point of failure - not good for anyone.

For every successful coin solo mining gets difficult for the average user. This is just a simple matter of supply and demand of hash rate.. Imagine 1 HODL being 1000$. This would attract many more miners, which increases the hash rate. Mining could still be profitable for the average user but the chance to find a block worth 50*1000$ would be very low. That's why mining pools make sense, in general.

Demanding that solo mining with the wallet stays possible is the same as demanding that the coin stays at low value.

The force of mined hodl blocks to be locked for 1 year has been extremely successful in pushing away miners. I am not going to debate here whether these were 'good miners' or 'bad dumping miners'. But a fact is that there was a huge drop in hash rate. I think this was to a big part due to the fact that it was no longer easy to mine the coin due to the lack of a working mining pool. Therefore, I hope we will see an increase in hash rate over the next days.

An increase in hash rate is important as it shows to the public that there is still interest in the coin and make it more secure. If you think solo mining is the right way for your, no problem, go ahead and continue solo mining. Whoever prefers to not run a full node has the option to use my pool now.

A miner has the choice of solo or pool mining, either way the hashrate increases by the amount of hashes this miner has

If your point is that this miner would not choose to solo mine  if there is no pool (and thus not increasing the net hash with his personal hashrate), then i dont believe this until proven otherwise.

Its funny how some people blame pools as is for lower income, whereas they really just cant accept someone invested a significantly higher amount of money into their setup (and im not talking about myself, i invested nothging into hodl mining) and in return increased the nethash. Anyone interested in mining coins will not be stopped by using the wallet.

200 miners mine via solo, 100 switch to the pool, the nethash did not increase, i dont know how to make this clearer

Additionally your statement about gigantic miners doesnt make any sense

You're missing the point.  I never said that the gigantic miner did not exist.  I simply stated the pool will help increase the net hashrate, making it more difficult for solo miner to hit a block.  As the difficulty increase, more and more miners will stop solo mining, effectively, killing it.

if every "gigantic" miner (which apparently did not show up till now) used the wallet to mine it would be the same

yes a pool simplifies the process to get started, but a "gigantic" miner would not be stopped by setting up a wallet if there is profit to make
setting up a wallet is not like defusing a bomb or something

Yes, it does.... make it "easier for miners" with gigantic hashrate (10k, 20k, 30k+ h/s) to suck up almost all the earning, leaving very little for average miner with 100-300 h/s machine.

It is the very reason the community voted and Freetrade implemented the 1 year hodl block earning to keep these few XXXL miners from dumping and manipulating the Hodl market.

a pool does not kill solo mining

imagine everyone in the pool(s) solomining, the nethash/diff would be the same

its just easier for miners to mine on the pool as it does not require a (full) wallet on each machine

br

Thanks Optiminer -- any chance you can optimized your miner for solo mining? Been mining @ your pool for a while but earning was less comparing to solo on my i7 4770k, getting 3 or 4 blocks (5 on a good day).  Btw, you can keep  what little balance I had left in your pool as my contribution for your hard work.

On a side note,  the net hashrate jumps more than 10k h/s since your pool came online, and difficulty increases from ~0.0007 to   0.00125+.
I hope it does not recreate the problem HODL coin had prior to the fork when pool hashrate went rampart, killing the solo mining.

Very excited to see this. can it happen. That would be great for new user adoption. Or for people who dont want to learn to make config files or run programs from command line and such. Fish

Heheh ^^

Yes you see if you buy now you can only sell for half that price but if you deposit a year and get 1500% including compounding interest then you get way more and can sell it for less even and still make alot. So let us hope this works out ^^

I been doing the same thing, we will be happy or broke in 2017 i'll be there right with you. Im buying and depositing all the way.  Fish