whether today is a birthday KOMODO ? if it is true today's birthday KOMODO , the gift is surprising to the users KOMODO , the price is up + 65% from yesterday.
Maybe the party starts from last night hopefully I do not miss this party.
its because there has been a HUGE solo miner for ages now.
Currently it appears that person is only pumping the price to dump all their mined komodo.
If you look at net hash now, you can clearly see what i'm talking about.
6msol, while all public pools together not even reach 1msol.
Great centralization, the "big" announcement wont do anything about this.
So no mather how big the announcement will be, komodo is fucked when it comes to network security.
That seems far fetched.
Explain why its far fetched?
If you use your common sense you can see it clearly.
just look at the data out there... compare pools. add it all up and come to the same conclusion..
I have seen this pattern for a long time now. I myself have a decent farm of ~15ksol@~10kwh. But the magnitude of what I'm talking about is of the scale.
It could be actors like genesis mining but thats just as bad as a private miner.
A large miner like this controls price since 90% of all generated coins go to this person. If they don't sell price goes up, if they sell, price goes down.
They also hold the power to manipulate transactions. It's kinda like discusfish back in the day (you know, flypool) they eventually opened up to level the play field.
So should this miner, either spread the hashrate over different actors or open up your own pool.
Preferable the first option, since the second really doesn't change a thing except it adds a little transparency.
I'm scared of the possible implications this can have for a broader acceptance of KMD.
Don't get me wrong, I would also like the project to succeed.
If you have other views, please do share them with a little bit more then just
"that seems far fetched"
Go make shit up elsewhere troll or show some proof that one person is pumping the price.
Very nice of you to call someone with a legitimate concern a troll.
The proof is out there, you can see it yourself.
Hashrate is suspicious so its the 60% increase.
It didn't happen because of some crazy "big announcement" announcement, crypto people are way more sceptical...
Try to be constructive please, the only one trolling right now is you.
You obviously don't understand how Komodo mining works. Around 75% of the blocks go to notary nodes. The rest of your speculation was based off of this "huge miner" hypothesis therefore doesn't need addressed.
Around 7 million coins were produced this year. ~5mil from claiming interest ~2 from mining . Of the mining rewards 3/4 went to notaries. There are 64 notaries so each receives about 23k kmd.
Additional to this split mining system is our dpow system which acts as a checkpoint system.
.Maybe in 5 days they will announce a ETA for Pangea poker via Lightning,who knows 