I have been working on the idea of a multipool to drive some interest to the coin after the mining phase is over this should of course increase the value of the coin.
A more challenging problem is to find a way of using the multipool as a medium to secure the network without affecting its profitability too much from the point of view of the users, some alternatives:
- Redirect 1% of the hashrate to blitzcoin and charge 1% as administration fee, since most of the multipools charge 2% as an administration fee this would be competitive. This approach is quite simple for the user but is not really secure if there is only one multipool, this approach would work only if there are multiple multipools working the same way but it could be a waste of resources if the hahsrate is too high and the network could be secured with much less than that.
- The second alternative is to have a pool that disconnect miners X minutes after Y number of hours, and encouraging the users to use a failover to solo mine or use a pool that are mining blitz. Of course the problem with this is that the users must be honest about it and use the "down time" to secure the network, instead of mining some other more profitable coin but if they are interested in the multipool it means that they are somehow interested in the coin success so they should have the incentive to do it. The challenge is to make the pool profitable even taking into account this downtimes and also to find the correct parameters for X and Y.
If there is some interest from people to operate the pool I might give it a spin and release it as an open source project, since I have no problem developing it but don't have the time to operate it myself.
Also I am a backend developer so graphic/web designers are also welcomed to help.
What do you guys think ?.
multipool works well for blackcoin so i think it is a good idea.
but i'm very sceptical for second alternative.
I don't think you can trust on honesty in this business.
just my 2 cents and sorry for my english.
i know it is crap
