Lets try to get some action going in the mineabit pool:
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Mine-a-Bit: http://aur.pool.mineabit.com/
0% Pool Fee / 0.01 AUR tx fee / VarDiff
Excellent for "lower" hashrate miners, and why not for higher hashrates too, compare to pool with 1% pool fee and 0.1 AUR tx fee:
Lets say you set autopayout to 1 AUR.. you pay 0.01 AUR for the pool fees and 0.1 AUR tx fee; thats 0.11AUR taken from every payout.. 11% total fees! // with mineabit, this would be 0.01 AUR tx fee = 1%
With autopayout set to 5 AUR, that would do 0.15 AUR in fees from every payout.. 3% total fees! // with mineabit, the total fees are still 0.01 AUR, which would be 0.2%
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Bump for reminder / new miners
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Stop deluding yourselves and letting your greed blind you. It will not garner interest from even a tiny % of Iceland's population. 20% of the population is under 14 years old. 20% is above 55 years old. The vast, vast majority of citizens (and the verification process on here is ridiculous, and will likely never, ever happen) will never hear of it, never receive the coins and go on with their days.
"Everyone wins." Not the people who buy in when the coin is overvalued when eventually it will be worth virtually nothing. They will lose. But, I guess, free market, only the strong survive. It just boggles my mind that there are actually people buying into this.
As mentioned already, Iceland has a pretty small population in very concentrated areas, so information gets passed around quick and efficiently. And when you consider the age of the population, where over 50% are aged between 15-54, it is more likely that there will be more adoption since "youngsters" are more likely to be up to date on technological advancements and more knowledgeable of them.
Iceland has according to some studies the highest adoption rate for bitcoin compared to total population, so getting the word out about the aurora can spread fast.
Also if you have followed the news and happenings from Iceland, you know the people are not very fond of banksters and could very well be willing to adopt a currency like this
It's given out in a month. There's no infrastructure, no retailers accepting it, and we're talking about widespread adoption and displacing the national currency?
In most countries, it takes at least a few years to roll out the currency change, and that's given the government support, not a few hobbyists. Hell, for the general population even the very idea of a cryptocurrency is as alien as Martians.
So, nope. It might - just might - sustain itself as yet another altcoin, but getting the whole country to run at it is about as likely as it is for the world to turn to BTC as the primary currency. Which is "not very much, but maybe in ten years or so".
