so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?
....
What has actually been changed? (in a few words please)
Very little.
The POW (mining) algo has not changed. The block reward system has been tweaked to smooth-out wild fluctuations in the difficulty and to allow for steady future growth. The maximum and minimum block rewards are still 50 and 3 respectively. I liked POW pretty much as it was, but now it is actually better.
When the big miners finally get the message that throwing more than about 250 Kh/s at this coin is counter-productive, we should see the return of larger block rewards and it will be better for everybody.
Still not convinced by this one... If you decrease by a factor 2 your hashrate, you will most likely end up with 2x less coins...
Sorry mate but that is "Bitcoin" thinking
This is XMG Magi and you need to work smart, not hard.
Let's do some back-of-a-cigarette-packet calculations:-
Assume that for every 1 Kh/s you generate, you can earn 0.04 XMG per day.
(This is realistic even with the current low block rewards at a rough average of 3 XMG).
Thus, with a rig generating 250 Kh/s you can generate 250 x 0.04 = 10 XMG per day.
Similarly, with 2.5 Mh/s you can generate 2500 x 0.4 = 100 XMG per day
So, if all the miners currently hashing away at greater than 250 Kh/s decided to slow things down to just 250 Kh/s voluntarily, it would shave something like 20 Mh/s off the total network hashrate. and bring that down to the "sweet spot" around 22 Mh/s.
When that happens, something magical happens. The block reward goes up to 50. Let's say it goes up from an average of 3 to an average of 48. That is a factor of 16 times bigger.
So, mining at 1 Kh/s now generates 0.04 x 16 = 0.64 XMG per day - that's better
Mining at 250 Kh/s now generates 10 x 16 = 160 XMG per day - that's magical!
OK so run that by me again ...Running a rig at 2.5 Mh/s generates 100 XMG per day (give or take)
If nobody runs a rig at greater than 250 Kh/s it will generate 160 XMG per day (give or take)
So ... use one tenth of the power and generate 60 percent more income.
Discuss ...