Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 176. (Read 661498 times)

I would personally support NEM multi pool since as I understand it would give miners automatous access to NEM without paying for NEM directly via an an exchange. That is a valuable service to NEM making it accessible to everyone with different tastes since I think some people are  averse to the idea of buying a cypto directly.

Green marketing ploy started with Peercoin people and continued by Nxt people but never actually caught on. imho, the issue should be rephrased better under the term of network efficiency. NEM network is more efficient than Bitcoin because it takes less power to maintain and still have the same level of security. The efficiency gain comes from utilizing POS/ POI foraging algorithm instead POW algorithm which consumes much more power at the same time gives rise to a computational arm-race whenever bitcoin price is increasing. So we can say the "green" aspect comes from the algorithm each network utilizes not really related to the method how an individual choose to obtain the coin.

I am interested in hearing other opinions but I would think a multi-pool could be considered an useful part of NEM ecosystem as much as an exchange is. But I agree with what someone said before that the multi pool idea will be less and less potent when more people are adopting it.

Anyway: just a reminder to all that stake-complaint thread will still be open until Friday to all refunding complaints (one week from the last update when the list was published). After Friday all refunding without a complaint would be final and we can move on to consolidate the final stakeholder list further and start to invite people in the waiting list to be in. Thanks.

ok great thanks allot! anyone else like to help out? come on guys this is guna benefit ye all greatly!

we could be i wouldnt know who to ask... :/ do you know anyone?

what sort of conditions should we set for the bounty to be paid?

what algos should it support? what stats need to be shown? ect ect..?

@ devs

for the developers peace of mind can we get conformation that the amount pledged by people goes to the dev of the multipool. take a list of who is pledging and how much and when coins are being distributed deduct that amount and send direct to the dev? therefore anyone who pledges cannot just not give it to the dev! i think this is a safeguard we need for the dev! il keep track of it in a spread sheet if you like and send it to you when the amount pledged reaches a sufficient amount?

any chance we can get a stake or two to give to the pool to increase profitability for the miners!? how much and for how long ect ect i wouldnt have a clue about.. 2 stakes split between miners based on hash power provided to the pool, given when all the nem is bought at launch? sound good? that would be a shit load of a bonus! can we do this devs? suggestions?

@utopian

what do you think about launching the pool asap.. before nem launches to obtain as much btc as possible and buy nem with it after launch and distribute the nem to miners proportionally based on the hashing power provided up until launch? this way we can also build up the hashing power so we have a large amount hopefully at launch and continue mining and then nem distribution can become autonomous?

What is the actual thread about Nxt since the original thread is closed?

I read about hashrate org the first time here.

i think he means has a multipool been launched for a pos coin before the coin itself has actually launched.. could be wrong though.. by the way the nxt pool is officially launching soon and coming out of beta with 10% bonus for all miners a day!

You make a compelling argument.

As far as i understand, multipools make up the majority of hashing power across PoW. From my experience, it was the multipools that in often cases caused sudden difficulty/hashing rate spikes in new coins once the multipools adopted them. As far as I could see, multipools were both PoW's strength, but more a weakness. A PoS coin like NEM could take advantage of them, at a lesser risk.

I see what you're saying now, and honestly, i understand where you're coming from. It does sound like a decent idea to me; I would like to know what UP thinks of this along with the rest of the devs.

What i do want to ask (To anyone who has an answer); has this been done before? If so, what (PoS) coin, and what was the outcome?

If it hasn't been done before, this might be a very good idea indeed.


Yeah, i admit during the brief period i was focused on PoW related coins, the idea of multipools was an ominous one, especially in light of the 51% attacks and such.

ok you have conventional mining of proof of work coins to generate coins from blocks which uses allot of energy but energy usage varies from coin to coin.. bitcoins uses an astonishing amount of power and really it does nothing usefull other then mining coins by doing pointless math problems..

pos doesnt mine as such... every transaction pays a small fee.. all transactions with in a certain amount of time get collected in a block which a forger the confirms the transactions same as pow but they get the transaction fees instead of creating new coins. and because you dont have to do pointless math problems its far greener and any one can forge on any computer and their wont be hashing power wars like their are in pow...

what a multipool does is mine pow coins the same as it you were mining it directly but when they mine they collect up all the coins that they have mined(normally the most profitable) and then sell those coins on an exchange and then buy the proof of stake coin which they are realy "mining" for.. in our case nem.. so basically its just mining other coins, selling them and buying the pos coin(nem)

but in our case nem isnt launched.. so what im suggesting is to run the pool mining other coins and selling for btc.. but nem is launched.. so stock pile the btc earned and keep track of how much btc each person has mined and come launch we will have a huge amount of btc buying power to drop a mega amount of buying power on nem. what i suspect will happen is the pool will get allot of notice from people and articles written because we launched a pool so early before coins launch thus bring in more people to nem. everyone who follows this sort of thing will know we are guna have mega buying power so they will want to buy in before the pool buys all its coins and sends the price through the roof!

case and point! multipools will kill pow whether we get on board or not so why not get on board.

https://bitcointalksearch.org/topic/m.6354181

the only people objecting i think would be people who have invested in mining gear!

yes you have a good point there.. but if you dont think the whole green marketing thing should be a big thing then i dont see the issue in running a multipool.. the only argument against it iv seen is that it would make nem non-green.. or is there another reason you are against it..?

but it will.. and the sooner we kill off pow coins the better! (less energy usage)

if we dont and let them run their course.. they will be running for far longer and use allot more energy.. i see this getting really big and multipools popping up everywhere.. the coins that can will change to pos to save them selves and whats left are the larger ones like btc and ltc that cannot change.. all the multipools will be aimed at those and will slowly take them down.. and their wont be anything they can do about it.. it will take a while to get to that stage but i honestly think it is in the best interest of every pos coin to make a multipool and help crush the pow coins..

 imagine the energy we would save if all pow coins were gone and only btc and ltc were left.. which will happen! more so if btc goes through another massive boom! there are only benefits to running multipools.. the only negative iv herd is that it would make nem non-green.. not true.. if anything we are helping kill off the non-green coins before they get to mine all their coins and put an end to them before they use all the power needed to mine them... which actually makes nem an eco worrior(not just green.. but fighting to put and end to non-green coins)!

you should market the pool as being an eco worrior helping to rid the crypto world of all the energy hungry coins so that ALL cryptos can be energy efficient.. the pool slogan: NemPool: putting an end to power hungry PoW for a better tomorrow. imagine what will happen when the multipools crush most the smaller coins and turn towards bitcoin.. by then they will have massive hashing power and could be able to compete with the big time btc miners! and once the big boys see what we are doing they will then see that ltc/btc are doomed due to this and jump ship over to pos(more then likely the most inovative ones at the time being nem/nxt) meaning ltc and btc value gets transfered to us! the more people that move to multipool the more power we have the more we crush pow then more miners will come and keep going until we completely distroy all pow coins! ending with nem nxt being top 1 and 2 on coin market cap!

 now you tell me that isnt more green then not doing it and letting these pow coins happily mine away using insane amounts of power for years and years.. its by far in our best interest to crush them with everything we got and multipools are our most powerfull weapons! use them! or someone else will!

pat i know you are against the idea but is their any way we can sway you to the pro multipool side? we can get the pool running now and it will get allot of attention.. a coin running a pool before its even launched. that will get allot of attention.. but market it as an eco worrior.. the gains it will give to nem is a side effect! its a win win!

and pat it would look allot better if we have the devs on board with this.. the community wont look divided on the matter.. i think the support of the devs on this matter is important!

and it will show how much faith people have in the devs ability to actualy release nem and all its features! further solidifying the idea that nem is the next big thing!

Its hard to read )

More power to NEM

Although I dislike the name, nemcoin would be much easier to "market", for SEO purposes.
I think NEM will show up in search results naturally eventually though, without having to adjust the google time settings. I truly believe the web will be buzzing about NEM once it's released. Also there's currently multiple websites being developed that pertain to different aspects of NEM, which should be great for our search results.

Do multipools kill the coins being mined?