Pfff, guys, you are the true geeks here!! You do not have the foggiest idea what you have just done!! If you artificially keep the price at this low levels while the blockreward 10 times smaller then you just killed the coin!
YOu are not miners, so you are not realizing that at 300-400 sat, no one would mine this coin. It not worth to even turn on the miner machines! If you just look around you should see that with 50 mhs, you can mine 0,01-0,014 BTC/day, which is 0,3-0,42 BTC/month. That is a common reward, you can minde dogedark, litecoin, etc to reach that goal.
NOW, check Guldencoin reward, at this price with 50 mhs, you can mine 0,00095 BTC/day, 0,029 BTC/month.
Please, somebody tell me, who will run a miner with 600-1000W to get 6 USD/month!???
I tried to warned you that it won't end well if you artificially keep the price in this low levels. Price should be 10 times more now, to keep the miners interested in this coin.
If the miners won't secure this coin or count hashes, then you are doomed. There is not enough reserved coins, to keep buying hashpower to keep up the mining!!!
You should do something fast, or Guldencoin is history!
As a miner I don't think your post is pure BS. And although you do seem to have a valid point from a miners perspective, I can tell you as a community member of Guldencoin that this is not as important as it might seem. The vision of this coin goes way beyond something small as short term mining profit. It's about getting an ecosystem adopted that actually can take it's place in a real economy. The serious community members here (more and more every day) understand that and are more then willing to invest in that, even if that means mining at a sure loss. Time will tell, but I think most miners that go for P&D coins now will be the ones crying in the end.
Well said. I'm perfectly willing to loose a little profit now for long term gains and the good of the project in general. This isn't about making a quick buck, it's about building the future. My hash stays where it is for now, no regrets.
