this coin needs a hardfork and the random block reward must be eliminated.
multipools are mining only the profitable blocks.
This is how it goes, we do not need another fork, we need to get more miners on the coin so that are base hashrate will hold the difficulty higher then the point at which the multipools jump in.
Spread the word and get more dedicated miners.
What incentive to miners have to point rigs to our coin? I get the feeling that most people believe that the coin is near death. Value has dropped and developers abandon the community. Please tell us the incentive for us to do this? A promise that things are going to be better. A new website, and new btctalk leader, and a new sub reddit. Who is leading marketing? If someone is leading marketing, what is the plan? How are these resources going to be utilized? People don't want to hope that Bitcoin is going to rise due to a piece of trending data. We want action in the name of our coin. So I ask again, why should miners dedicate there rigs to our coin?
For a few reasons.
1. Active development. - Just because you do not see the work being done doesn't mean it isn't. For example the multi-user wallet, the payment processing system, the coin mixer.
2. The payment processor itself is something different. It allows people to put a price in TIPS. This is exactly what a cryptocurrency needs to sustain a real value instead of an exchange value.
2. Saying most people think the coin is near death is very narrow minded. Yes there are people that think that but there is a large amount of people still actively mining and purchasing the coin.
3. I will give you marketing because at the time it is almost non existant. BUT, there is nothing stopping other people from marketing the coin, it is a community and we all have to do our part to spread the word of TIPS Fedoracoin. Also it took some time for them to find another web developer to ensure the rebrand goes smoothly. These things have been posted by users, myself for one, and spoke about in the IRC.
4. The price drop. Every single coin has done this, and if not in the past week or two then another time in it's lifetime. It is very shortsighted to look at such a drop as a dead coin, especially when their are so many actually dead coins out there. The prices of these cryptocurrencies at times seem extremely arbitrary and that is because there is a ton of manipulation. The greatest coin out there with all the features in the world can suffer extreme variations in price by simple pumps and dumps. Bitcoin, the king of the coins as they say still suffers huge manipulation in terms of price and the market cap is massive.
"What incentive to miners have to point rigs to our coin?"What incentive did the early Bitcoin and Litecoin miners have to mine the coin and spend money on electricity?
The hope that the technology and ideals behind the crypto-coins would catch on and eventually force a change in the existing monetary system because of the useful nature of the crypto-coin.
Thank you for answering this. I hoped this helped some of the people losing confidence in this coin.
Time to kick this up a notch.