[DGC] Mining Rewards Decrease Vote | Bitcointalksearch.org

cosmoo

hero member

Activity: 729

Merit: 502

Quote from: rbdrbd on July 27, 2013, 01:06:39 PM

The other potential reason as I see it would be to reduce the inflationary rate of the coin. Given that this is still such a new coin, my thought is that at 80K/day, there are a ton being made (perhaps too much given the current non-hype-driven demand), and judging by the recent price decline back down to .2x, may help serve to keep the market depressed. Anyone more knowledgeable than I on this wish to comment?

http://cryptometer.org/digitalcoin_90_day_charts.html

There seems to be strong support at this current price level, however:
http://www.cryptocoincharts.info/orderbook.php?pair=dgc-btc&market=cryptsy

rbdrbd, I do agree with 80k being a lot.. i guess, at its current state, changing the number of coins awarded wouldn't be detrimental to the community but it would indeed irk me and many others. it seems like it would be better to let what happens happen, and focus more on services that can actually bring DGC from the doldrums it was born into and away from multipool abuse. When it was at the top of coinchoose for two days (.0007 on cryptsy) the network hashrate grew to ~1.4gh/s from network hoppers, now it's at ~550mh/s. I have no idea about the details behind this but it seems as long as DGC can continue to gain loyal miners over time this will only be a temporary problem. But same as you said, anyone with more insight, please share!

aTriz

hero member

Activity: 1232

Merit: 683

Tontogether | Save Smart & Win Big

Baritus, can we please have your opinion on the matter? What would be the pros and the cons of doing this?

Thanks for being a great active dev!

rbdrbd

sr. member

Activity: 462

Merit: 250

The other potential reason as I see it would be to reduce the inflationary rate of the coin. Given that this is still such a new coin, my thought is that at 80K/day, there are a ton being made (perhaps too much given the current non-hype-driven demand), and judging by the recent price decline back down to .2x, may help serve to keep the market depressed. Anyone more knowledgeable than I on this wish to comment?

http://cryptometer.org/digitalcoin_90_day_charts.html

There seems to be strong support at this current price level, however:
http://www.cryptocoincharts.info/orderbook.php?pair=dgc-btc&market=cryptsy

cosmoo

hero member

Activity: 729

Merit: 502

All I have to say is that it's near-impossible to make something perfect from the beginning. Through trial-and-error you can easily discover what needs to be tweaked to fit the environment. If you think changes need to be made to DGC now is the time while the network is small.

I'm withholding my vote because i don't mine and don't understand entirely why this is up for vote, though i'm learning toward "no decrease" along with the above posters. As it seems, decreasing mining rewards would dissuade multipool users, though at the same time it would unfairly give those already invested in DGC a much higher return on their holdings, which I don't agree with (unless i'm mistaken on the details). If you want to update your original post with network stats and your personal thoughts on how it's suffering, i would love to read them. Or maybe, hold a poll with all the different options available to us, but really, I doubt there's much to be done to avoid network-hoppers, other than the slow and steady success of DGC to attract miner-loyalty, even through multipool's abuse.

i mean hey, more cheap coins for everyone else i suppose. as always, thanks for involving us

karsy

full member

Activity: 383

Merit: 100

I vote no decrease. It would be much better to recode it to adjust difficulty by live hashrate instead. on 5 minute intervals maybe. I say lets leave the concept of block based diff adjustment. Let's innovate!

Xmansk

full member

Activity: 163

Merit: 100

Then i vote for no decrease.

This can't fix the problem. Even with lower rewards, DGC can (and will) repeatably became most profitable coin on sites like coinchoose.com. Then profit switching miners and pools will arrive again... And problem will be back. European Union does these kind of solutions... It is short-term solution.

I still believe innovative diff adjustment is the key.

teiva

newbie

Activity: 20

Merit: 0

Quote from: Xmansk on July 27, 2013, 09:53:02 AM

What is the motivation to decrease it?

@see : https://bitcointalksearch.org/topic/m.2814344

Xmansk

full member

Activity: 163

Merit: 100

What is the motivation to decrease it?

baritus

legendary

Activity: 966

Merit: 1052

Hello,

I would like to know how the community feels about decreasing the DGC mining rewards. Additionally, it would be helpful to know by how much you think they should be decreased.

Thank you.

Topic: [DGC] Mining Rewards Decrease Vote (Read 1133 times)