Topic: [ANN][The Original Multipool - Scrypt/SHA256/Scrypt-N/X11] multipool.us - page 216. (Read 424232 times)

This also creates alot of extra work trying to sell alts that no one, besides the exchange bots, will want to buy. By the time your coins will have confirmed, the well timed pump will have long been dumped and the miner will make a fraction of what was expected.

HT xD

s.

I don't see your point about electricity being wasted. The power companies would produce as much energy as market requires. Mining coins doesn't exhaust supply of electricity - it is limitless - it is not a finite resource like oil. The only thing wasted is resources of the miners who are bad with math.

I imagine, in a good coin, difficulty should go lower simply when there is more demand for mining of that coin.

For instance, when a high number of transactions would demand higher hash power to process these transactions.

So lower difficulty should be an invitation to miners and multipool. Why would it be wrong to accept the invitation? Beats me.

Of course, if the coin is badly designed, the difficulty will go all over the place, oscillate, feedback-amplify, etc, and create havoc. But it is up to the designer of the coin software to think ahead about this and prevent it.

The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem.   Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty.  Remember what happened to FTC, and being stuck on a ridiculously high diff?  Your doing similar, on purpose, on an almost daily basis.  Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt. 

Call it free market, call it whatever you like, at the end of the day it doesn't change the fact its overall a pretty negative impact on the coins involved and the community behind them.  Perhaps your right, and many of these don't deserve to survive in the long run, especially if they 'can't handle this', but not sure that makes it any better that your contributing to their problems.

Props to you on a technical level, for putting this all together.   I respect what you've managed to build, but hate the concept and end results of it in pretty much every way.   Good luck to you, and to those mining at your pool.  Its hard to envision they are actually making what they hope to be by the time they've mined any significant amount of coins, but guess they must be if its that popular. 

To each their own.

The FTC developers addressed the problem and it is now not a problem for that coin anymore.  It's not my or my miners' fault if other coins, even with the benefit of prior knowledge of what happened to FTC's, continue to build copycat coins from LTC source without tweaking anything to avoid this.

I'd also like to note that 'coin jumping' wouldn't be as much of a problem if coin devs built an organic base of supporters rather than bribing exchanges to add their coin as the first thing they do.

The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem.   Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty.  Remember what happened to FTC, and being stuck on a ridiculously high diff?  Your doing similar, on purpose, on an almost daily basis.  Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt.  

agreed with the above post. Ive been in the position of having all my coins invested into mincoin, then the flashminers came along, and pretty much killed it making me lose pretty much all i had due to the value taking a sky dive. You're pretty much killing coins on a daily basis, with not a care in the world of the effort it takes to get a coin out of that high diff mess

I figured something like this would be said eventually.  Look, the fact is that people are already coin hopping manually or by other means (cryptoswitcher, etc.)

If the coin developers don't like people hopping on and off their coin, they should take steps to stabilize the difficulty.  Some coins have done this with varying amounts of success.  I am under no obligation to help 'early adopters' of any coin make money.  I am also under no obligation to provide infrastructure to coin developers without any compensation.  

I have put a lot of work into this pool (practically all my free time since April), and I am spending my own time and money to provide an extremely stable and reliable infrastructure.  If I add a coin to my pool it will be under my terms and nobody else's.  If the ARG, LKY or PXC or any other heavily premined altcoin developers want me to add a general use pool for their coin or open up their coin's port for direct mining they can contact me and maybe we can arrange something.