hi all ...
addressing the miners specifically here - please read this post ...
https://bitcointalksearch.org/topic/m.17998760 ...
this outlines what had happened and why - and how it was fixed ...
as for the above suggestion that the dumping may have been due to the pool being offline and had to go elsewhere - that is a suggestion that is completely ludicrous ...
if ANYONE is going to dump coins - this will happen whether one pool has issues or two pools have issues or the moon decides to move its orbit elsewhere ...
im not attacking you - but those sorts of assumptions make absolutely NO SENSE at all ...
had the owners of the coins intended on keeping them - even on the exchanges - then there wouldnt be ANY reason they would dump them ... unless of course the whole purpose of mining them WAS to dump them ... thats all part and parcel of this crypto industry ...
The miners dumping intended to dump from the start. Their plan was to mine and let it sit, then once the price got high enough unload. Since they wouldn't unload all at once, the market could gradually absorb it and not crash from it.
Having all of the miners on that pool disturbed at once meant all the miners who had intended to unload did so at once, possibly triggering other people to unload as well based on the price being pushed down.
Its not your fault, that's just how things work in crypto and altcoins.
Now that you are back online and things are settling down, it should recover quickly enough. Plus we are nearing the end of PoW, which is going to take a lot of sell pressure off once it ends.
agreed with the sell pressure ...
though suprnova ( ocminer ) have a much higher rate of miners - and so does zpool ( crackfoo / crackers ) ... so i would not like to see the aftermath when PoW finishes ...
i think what you are saying with regards to it settling though will be spot on ... hard to tell - as predictions only get proven wrong every time we try ...
this is crypto - very unpredictable ...
we only ever had the mpos pools at cwi for internal use only - until the demand to release them to the public was voiced ... so its still a newer system that will take time to mature ... we are also in the process of getting together ( as a sister pool ) the cwi-multipool that does not require registration to mine also ...
that is taking longer than expected - and its all to do with money more than development ...
we will get there this year ...
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#crysx
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