What does everyone think about this proposal? Would love to hear from miners,pool operators and even coin developers and who ever else would love to chime in.
Sounds good in theory, in practice it is much more difficult.
1) The numbers have to be for a period of time, and thus an average.
2) How the heck is PW going to know the spot coin/btc price average over the period of time?
3) What do you do with coins that have been earned, but not yet converted?
In any case, the short answer is: If you don't like the profitability, then go mine somewhere else. The x11 stats for says you should have received 298% vs LTC mining. That should not be hard to check. Much easier than trying to verify coin by coin. If you think 298% is low, then have fun trying to beat 298%.
1) The numbers that i was primary proposaling are the numbers (current exchange price) that are the "most profitable" at that time. It is just a basic addition to the stats that would enhance the already shown "most profitable" and should be as easy as the already shown "most profitable" coin as it would come from exactly same data.
2)Not asking PW or any other pool operator (as this is not just a wafflepool proposal) to average the prices, but to just record and display 2 exchange prices (1:when the coin is most profitable and what the current price is and 2: when said coin is exchanged , what it was exchanged for price). Number 2 basically is already done as it has already is the formula in order for the miners and pool operators to get paid,but that it just does not actual show exchange price for us to view.
3) not sure on your question as my proposal does not have any thing to do with the coins earned and not yet converted, that would stay the same as it is now.The only additions would be a couple additional stat displays that show price as most profitable and price that said coin was exchanged for to be converted for everyone to get paid.
As in your short answer, we all have the freedom to mine anywhere we chose and likewise mining operators have the freedom to operate as they feel. But in order to get 298% profit said coin has to be exchanged at exact same time as mined (or at least at same exchange price when exchanged AND LTC would have to be same as well. Otherwise you are just getting paid for what it was exchanged for and that total may or may not be higher or lower and thus why i am proposaling that mining operators display the 2 pricing numbers to show what we are actually getting . Because yes i agree 298% would be very hard to beat but really means basically nothing, if when said coin does not exchange somewhere in the same price parameters along with LTC current parameters as well.