This coin has perspective, but for now it is nearly dead coin. Community do some work, but since there is only one pool, and on that pool we have MR 10 GH person. That person go to the pool, get all coins it can ( and wait until diff arise) then left pool and again again and again. for small miners (like I am) it is very bad. Price is small, and when that person come to pool, all coins goes to him, so you can mine many hours and got only few coins.
solo mining is always option but you must monitor network hash rate and when that person is on the pool you can stop solo mining since you will not find any block in that time. so you will only spent some electricity for nothing: your hash rate compared to his has hash rate is too low, so you will find no blocks at all.
Pure math, nothing more.
hope new wallet is better then old one
You're absolutely right - with one exception - Golum only does solomining: I have never seen him on Suprnova.
The question is, what is the guy doing with his millions of coins? Is he waiting for higher prices? At some point he has to get his investment back! To reach 10 GH he has to have at least 650 pieces of GTX 1050 Ti running with an electricity consumption of 65KW: I can not see that any of his mined coins are being sold on the exchanges (Look at his accumulation adress at
https://explorer.digicent.org/?address=CPKPJP7eiMkuRuzrRztxakwqeDdo21zrYS with a total amount of 23.5
Billions millions of received and zero sent coins): This guy has to be sitting on a huge mountain of losses by now! Apart from that: With this huge number of coins under the control of a single owner, the price of Cryptonite could be manipulated at will! I do not think he's up to something good - otherwise he would at least donate a small portion of his loot for the further development of Cryptonite!
At the moment, his activities are definitely extremely detrimental to small miners and network stability: When he's online, block time is reduced to a few seconds, and he's collecting thousands of coins in a matter of a few hours. If he then retires, the block time goes up to almost an hour and the little miners have to screw down the block time again under the huge use of electricity for days!
I believe that it will not be long before even the little miners are fed up and have no more desire to pay the bill for his greed!
@Pallas: Perhaps it could be a good idea that the difficulty adjusts depending on the situation: If the block time falls below one minute, the difficulty is adjusted depending on the number of mined blocks. If the block time exceeds one minute, the difficulty is regulated as a function of the number of minutes elapsed. This could ensure that ordinary miners no longer have to pay for the consequences of Golum's antisocial behavior. As a side effect, this would also cause Cryptonite's electricity consumption to fall sharply and the block time will settle better at the intended one minute.
