Topic: NA - page 274. (Read 893613 times)

Terk, what are you talking about?? Competition? There is nothing wrong with competition, but simple mining competition meaning someone mining this coin 24/7 and have more miners then me, so he mine more coins daily! That is competition!

But if someone aiming only the low diff blocks and get almost ALL of them and leave the high diff blocks to others then mine only the low blocks again, that is cheating or a simple steal in my book!

If you want to be a competitor then come and mine Guldencoin 24/7!!

DIGI to the test, here we go! Now we can see what's going to happen!

Clever mined their first blocks: https://explorer.guldencoin.com/#/address/Gf7wGAwJGDLfoHcNCRLKZqpk2EQU5ixA6c

No, it's about stability. Guldencoin is more than a coin on Bittrex.

It is not competition, you see it as competition? We want dedicated miners to get their fair share and not constantly autoselling.

I never insulted anyone, I just disagree the way you work, period. It's frustrating to see how our coin gets abused for about 5months.. CM and yes, also other big pools are like a wall where we can't get through to get a healthy coin and THAT'S WHAT YOU DON'T UNDERSTAND.

So stop saying that! We do understand as we see where it got us the last 5months.

So if you really REALLY want to help, see where this coin will go, reduce your hashrate more so that also we can climb, other multipools won't come in when they know you are in, leaves no profit for them!

You want to make higher profit than competition and when competition does it better you insult them. I'm done talking at this level. I already wrote everything I had to say.

Goodbye everyone.

Well I'm done talking, so if you have read the last message so be it.

I think that now I get what you don't understand. Please read carefully:

We're not the only one coin-switch pool. If we leave any coins at higher than ~103% LTC profitability, then amount of coins which we won't mine will be mined by other coin-switching pools and will be instasold on exchanges by them. This is how it works in 2015. There won't be any scrypt coin which will be significantly more profitable to mine than Litecoin. Period. All scrypt coins will be trending towards LTC profitability because several coin-switching pool exist. We are just the largest pool, but if we leave any more space than we do, then this space will be taken not by your dedicated miners but by other coin-switching pools. This won't solve your problem at all.

You need to learn to live in this reality, because there is nobody who could change it - not you and not even me. CleverMining is not your problem, all coin-switching pools are. I can adjust our algorithms to leave you some space and to earn less on NLG to allow dedicated miners earn more - and this is what I do! But I can do it only to a point where the profits which we leave are actually taken by dedicated miners. I am not interested in leaving profits which will be taken by my competition which are other coin-switching pools. And it won't even make your mining easier or more profitable if this profit will switch from CM to other coin-switching pool.

I adjusted our algorithms to leave as much as possible for dedicated miners without creating opportunity for other coin-switching pools and this is really the best what I can do - please, understand this. I really would leave you more space if it could actually be taken by dedicated miners. But if I leave any more space, it will be taken by other coin-switching pools because everything what is possible to mine above 103% LTC profitability will be taken by coin-switching pools. This is the reality.

You just don't seem to get the bigger picture Terk.. It's ridiculous.. Look at where our price stands now. If everyday you mine about 300k coins and auto sell them on Bittrex, what do you think what will happen?

The price can't climb and since you left our price raised allready 60%, coincedence? Make the calculation yourself and stop putting yourself in such a bad picture

This is exactly what all of you mean when you whine and insult me. You want to be the one who makes 100x more profit or even 2-3-5x more profit and you don't want the competition.

Frais for President!

That sounds already better, also look at comment of Frais above.

If it's all about profit, why not give Guldencoin enough room to increase the price. Your auto sells suppress the price. You can choose for a tactic that you'll mine less NLG but profit more because the price raises more naturally. You need less hash power/NLG to get the same profit. You happy, we happy.

You would like me to close the pool which is not going to happen. If we left all altcoins the pool would end up mining only Litecoin and stopped being coin-switching pool. This is not what we do. We mine all coins which are profitable. If we leave one coin then our profitability will drop below other coin-switching pools which will still be mining it and our users simply go there. Nothing will change for you. It's miners who choose where to mine and if they choose profit-switching pool then it means they demand to mine different coins, not just Litecoin - and we fill this demand.

What I can do is to try to coexist with dedicated miners and make our profits only moderately higher than theirs, instead of squeezing them and making our profits three times higher than theirs. I want to coexist and leave you some space. If you don't want to coexist then we have nothing to talk about. I get that you don't like competition but you need to grow up.

My opinion is that coin-switching pools killed the profitable mining! Clevermining or any other coin-switching pool is not profitable at all, they won't even cover electricity! That is one of my problem with those pools, the other is more simplier than that, if a huge pool get into mining a coin, it will lowering the profit coming from the coin to the level of litecoin and Bitcoin, which is not worth to mine to an honest person who pay electricity bill. So till the point when any coin-switching pool find a new coin that coin can be 2-3-5 times more profitable then Litecoin or Bitcoin mining, after that a strange thing happens, profitability decreasing to the level of Litecoin or Bitcoin level or 2-5% above.
This observation come from my own experience, I mined new altcoins from day 1, 1st minute and I offen made 100x more profit in the first day then later, or maybe the first week was ok as well. Then it went to coinwarz or other shit sites which discovered the coin and ruined it entirely.

So, if you are talking about raping a coin, that is what a coin-switching pool is doing every time when they switch to a coin, they not harming the community or the miners, they harming the coin itself!! And this is a huge problem.

I wonder if someone can come up with a blockchain which prevent building an API for coin-switching pools around it. That could make a big difference in this game of mining. If some algorithm just could hide the low difficulty from the multipools and people can just blindly mining a coin. That could make a difference.

Why not leave mining NLG, Terk?

This analogy is all wrong. Nobody rips you of any coins which you mined, and if somebody does, it isn't us. Let me straighten your analogy.

You're this honest and hardworking miner who gets up every morning and takes his shovel to dig some coal. You enjoy this hard work with your friends and you are happy to make a profit from it. Now here comes someone else who is equipped with heavier gear and can mine the coal easier and they start mining alongside with you. You swing your shovel and you are angry that someone with a digger have it easier than you with a shovel. You would like everyone to have just shovels and be one happy shovely family. But this is XXI century and this is not going to happen.

I won't discuss with your opinions wether coin-switch pools are good or not, because everyone can have their own opinion. But there's a huge demand for coin-switch pools and much more people are mining with them than are mining NLG, so this isn't only just one crazy Terk who had some crazy idea. You won't change this. People demand this and this is why profit-based pools exist. These pools still provide service to coins by mining transactions and securing the network. You would simply like to be the one who does this and profit from it and would like to deny this opportunity to other people. Nobody likes competition I guess.

If I were greedy, I would squeeze NLG as much as possible. I could create much much higher and crazier difficulty swings by jumping on and off our full hashrate and I would mine extremely low difficulty blocks with average profitability of 150% LTC, leaving you to mine extremely high difficulty blocks with average 50% profitability. And I would mine 85% of all blocks. This is what using digger vs shovel could look like (and this is how it looked like in September before you pointed me this problem and before I adjusted our algorithms to make it easier for you). I don't do this. Instead I limit our hashpower to don't swing your difficulty that much and we mine blocks with average profitability of ~110%, leaving you to mine blocks with average profitability of ~90%. This is the best what I can do when using digger vs. shovels. Will using diggers will always be more easy and more profitable than shovels? Yes, of course. But I can leave you some space and make my mining only 20% more profitable than yours or I can squeeze your coin and make my mining 300% more profitable than yours. I chose to decrease our profits to give you some space, but you also need to understand and accept that miners with more than shovels exist in this world.

I'm confident in Guldencoin and the Guldencoin team and community, they are dedicated to making this a success.

Doge is merged mined now, so you can't count them.