Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.
Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.
So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.
The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.
Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.
So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.
The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.
well you just made the point of multipool very clear.. We do not generate coins (=impossible wit POS), we just make them more expensive!
So if your scenario above comes throug we will be doing very small payouts, but with very high value!
e.. payout 0.00001 SYNC with a value of 100 BTC/Sync
This is wrong and I think you misunderstood my point. Sync are paid out by the multipool because people are selling them. The only way this multipool works is if sync holders sell them for whatever alt coin the multipool mines. Unlikely.
So we are stuck in a scenario where the sync holders will only sell their sync if the alt coins are in a pump and their price is rising in comparison to Sync. Otherwise why would they sell their sync? But if the price of the alt coin is rising, it becomes more profitable to mine the alt coin and NOT exchange it to Sync. So people jump off the multipool. This is why I said the hashrate on the multipool will be significantly lower than during the POW mining stage.
I misunderstood you first time out, too, and was going to comment on it. With this post, I think you hit the nail on the head.
Conversely, people gotta pay bills. So I think it likely the multipool will continue to drive the price upwards as SOME will want to sell. Plus, when it hits the staking stage, people will likely take profit on that, driving the multi as well. Basically, thirty days in is going to be interesting.
That being said, I cannot see the multipool driving price upward very much once POS is fully invested, just a small, steady pressure. Other things need to be in place to keep the value rising. Dev seems to have a lot of things going on for after POW is done, so we'll see. I find the coin very interesting, along with the whole PoS dynamic that seems to be the mania right now. I have some serious reservations about the whole concept, but it's a weird enough thing that it just might work.
I've also seen few launches go as smooth as this one, so that's encouraging as well. Bonus launched real smooth too, but it was obviously a short term coin right from the announcement. Cool ride, but then the carnival leaves. I profited well from it, and now it's dying. I hope this one does much better.
