I kinda have to agree with everyone else that these few individuals are going to kill this coin, they are already doing much damage! The biggest attraction to this coin was the hopeful prevention of this exact thing happening. Why are any of us little guys gonna want to help promote and grow this coin just to make these few select people rich.
You can already see many people losing interest because these guys are taking 95% of all coins. It is making less sense to point our little resources at this coin, the more of us quit, the more these greedy fucks get. Doesn't really matter how they are doing, bot net, access to large servers.......whatever it is, they are taking the entire pie from everyone else and this is the EXACT opposite of what this coin was supposed to be and what attracted everyone to it in the first place.
If this problem is not resolved, it will die! They obviously saw all these complaints and backed off a bit with how much they are throwing down on this coin, but they are still taking the majority of the coins and everyone else is getting less and less as these guys jack up the difficulty and keep it there.
While I appreciated something I could mine with my CPU, it is no longer profitable or enticing to do so. Everything we point our resources to in crypto carries risk, but the risk with this coin is now MUCH higher than it was and too high for my blood with the tiny ass rewards we are now seeing. This is and has killed the volume and will certainly kill the price!
some very valid points, a few coins tried to tackle this in the past, minerals and revo. They did so by implementing a hashrate limit which imo was a good idea.
I dont know if it could be applied here i'd imagine said people could just split their hash into multiple accounts they seem to have the resources
still pointing a couple of cpus at a pool though, one on a burst mine the other on my gpu mine cause they weren't doing anything else.
i totally agree with you, they mined 95% of the whole coin,and let the rest of us enjoy 5% and want us to promote this coin to let them make money, kidding me? the fee of adversiting is not just 5% for so many miners, i like this coin just because it claim that it is cpu only, but see these guys who have thousands khash, so, how can i make sure that they are not mined by GPU, we are using the poor cpu miner and some guys use gpu, and still expect us to help them to promote this coin.,..i have never seen a coin who has 90+% hash rate mined by two person before, now , i find a coin
Hey jzhoulon no one is using a GPU that we are aware of, if you have some type of proof of that please present it accordingly. As we have said if we can find evidence of it, we will bring it to light. No one on this team has a GPU mining it and no one has mined 95% of the coin and asked only 5% to promote it for them. In fact the promotion of the coin is entirely up to you, do or don't promote, whatever. If you are dissatisfied, we are not holding anyone here against their will, simply move on and we will do the same. Sometimes things seem unfair and I understand that. These are the pains of dropping a real new algo in crypto. Things developer slower because they are new, never developed before. If you feel that you CPU
s are better used somewhere else, then use them somewhere else. I don't even think between me, GlobalBoost, or bstdev that we have a 10,000 BSTY between the three of us, see my previous post on where my BSTY went. We don't have these big cpu farms just mining away. We actually have pretty raggedy cpus mining just a little. We are in the same boat as anyone else.
I know that we will not try to set a max hash rate, as that limits freedom to mine the coin and their are plenty of ways around that. If someone has more CPU power to bring than you do, then it is what it is. Adapt or find another way, or just give up, its your call. We do not have the power to stop people from mining, and we will not discourage people from mining.
We want everyone to be here and share in the success we are gonna have, and are having now. If you feel we have not been fair, then that should be basis enough for you to make a decision on whether to stay and support or to leave. Personally, i'd rather you stayed and we all work together on making the coin succeed. We have been very fair throughout this process releasing what code we get when we can, bstdev and GlobalBoost have been working their ass of to bring this coin to life. I feel like they have been a disrespected here. We have been a team that has been fair in what we do and have done nothing but work to make this coin succeed. It will not be easy, as their will be rough times. Rough times spur innovation, having less usually brings more with the right attitude.
