Does anyone have a solid calculation for Karma in terms of, when it becomes more attractive for the mining-pools to target? Is it when the profitability reaches that of LiteCoin's or some of the others Scrypt's?
i did a rough work out last night and it already is more profitable than mining litecoin, even though coinwarz doesnt compare us as we are exchanging to LTC and not BTC.. if you use http://www.coinwarz.com/calculators/karmacoin-mining-calculator to find out karmacoins per day and then use current exchange rate to see how many LTC per day u can earn.. then compare that to
http://www.coinwarz.com/calculators/litecoin-mining-calculator you'll see that it's better to mine karma..
add on to that the fact everyone thinks this is gonna rise a lot soon then it's certainly making sense to me to mine karma..
i just wish i could get my head round this karmashares thing as i dont really get it at the moment
Basically its a company that will take in Karma instead of fiat, as investment. It will promote the utilization of Karma through various projects and revenue generating avenues. As the community grows and the coin value goes up, those Karms invested will also grow and can be utilized for the betterment of the community. The two will remain 100% separate but work together on the same goals. Its very difficult for an open source community to engage the business world directly. You can't have three local BitCoin enthusiast, whom are highly regarded in their own bitcointalk threads, show up at the school board meeting trying to sell them on a program to teach children about crypto-currency. Even though crypto is here to stay, and it should be promoted in this manner, you need a real business model to promote it and get it utilized by business and the education system. Sitting around investing in various coins, hoping that their new additional widget is going to make them money in the long run is the old model. Get in early and keep your fingers crossed. Karma intends to break that mold by staying mission driven to do good, but also energize this space with a real business model. Those that invest get extra quarterly profits and also split any revenue generated from the sale of any of the projects. Those that do not invest, also benefit from the fact that KarmaShareLLC is promoting the use and marketing of our coin into new arenas.