Vikingchild Posted July 17, 2017 Report Share Posted July 17, 2017 Mining farms I firmly believe are bad for a coin in its infancy. A coin relies on miners to be able to spread the word and create hype. The more miners there are, the more people there are to spread the word about a coin. If we centralise the mining instead to large-scale farmers, it is unlikely to create as much hype and we may even discourage new miners to join, due to too high a difficulty level that is not inline with the value of the coin (I have personally witnessed people turning away from DNR for that specific reason). We also run the risk of farmers dumping a large number of coins at once, thereby keeping the price of the coin down. When instead it is decentralised across a multitude of miners, this risk diminishes, as not all miners would want to dump for short term profit - some speculate at longer term pricing and also the number of coins they hold is much smaller than that of large-scale mining farms.So with that in mind, I wanted to reach out to the communityÂ here and hear what your thoughts are on large mining farms, and most importantly to collect ideas on how we could potentially reduce, delay or completely remove large scale mining farms. 2 Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.