there is actually huge potential for CPU mining in India. why not create sort of legal botnet. people will download and run a bot, bot will mine and people get paid let say 30-40% In India people real good in counting money even if some one will get 200-300 Rupees in few months he will run that bot on his comp. make the bot open source and let any one to run proxy nodes.
let say one CPU will give 50mgh x 1000000 = 50TH/s usd 8 mil per month with current difficulty
My view is to the contrary,
One real botnet(they would easily outnumber Indian PC users, let alone mining adopters) using the CPU mining it to advantage would kill the coin. Every coin tries to keeps away from CPU mining fearing Botnets. Botnets currently are irrelevant due to GPU mining. A CPU mined coined would invite trouble.
not sure if I understand you correctly but why contrary. if it is legal and people clicked - "I agree" button. You pay them money, CPU GPU, whatever, cofemaker. First you make pool, then connect it to another pool.
I was assuming that you meant creating a CPU only coin. I get your idea now, A CPU pool for India.
What i meant is a botnet like confiker (10,500,000+) joining us on our legal pool, they would take away a large share the rewards, even if we don't factor that, lets compute profits.
The 50Mh/s approximation for a CPU, doesn't seem right, I seem to get only 1.7 Mh/s on my core i5 mobile 540M .
A Core i3-2100 gives out 8.28 Mh/s, being the most popular CPU that would be the average.
Source:https://en.bitcoin.it/wiki/Mining_hardware_comparison#Intel
Calculations for BitcoinAssuming PPS rates of the Indian pool to be similar to that of BTC guild(since we will be joining a larger pool)
Assuming Average hash rate per CPU @ 10Mh/s
Asssuming current difficulty
BTC/day : 0.0005
Days/coin : 2000 days for 1BTC
Assuming exchange rate of 100$/BTC
$/day :0.05 ~Rs 2.75
Rs/Month : Rs 82.5Overhead expense: Power charges ?
Any advantage arising out of BTC price increase could be negated by Difficulty increase when ASICS ship.Calculations for Litecoin.The same system giving 10 MH/s will give 10Kh/s for scrypt mining (actually 10% increase is expected)
Assuming Average hash rate per CPU @ 10Kh/s
Asssuming current difficulty
LTC/day : 0.0214
Days/coin : 46 days for 1LTC
Assuming exchange rate of 3$/LTC
$/day :0.06 ~Rs 3.6
Rs/Month : Rs 110Overhead expense: Power charges ?
Any advantage arising out of LTC price increase will not negated by Difficulty increase (Till ASICS are designed).50miner seems a working example of your idea.