@guldencoin

Why don't you limit mining to a minimum, or even stop it, for a few days or a week? In the meantime you can work out a good solution.

I mentioned this before, and some people here began shouting about it, but as devs your first priority now is protecting Guldencoin.

Why would you let others break down NLG?

Merchants will be happy if the confirmation is done afterwards. But how do we keep the miners happy?

Option 5 (by Dutchyyy) is probably the best for the short term. Terk is cooperative and it's more profitable for Clevermining too (stats show Clevermining could earn the same amount coins with less power). Be aware that this is a workarond. First of all there are many more multipools. Have a look at http://poolpicker.eu/table?algo=scrypt. Secondly it still leaves only the hard blocks for dedicated miners.

And Thirdly it's very risky to leave someone having more then 50% of the power for a long time.
Can we finance a solid dedicated NLG pool? (Crowd funding? Premine?)

Well you got that right. Block 124631 took over 2 hours to find (by Hardcore as usual), then 46 blocks were found in less than 5 minutes and now the cycle repeats.  It's not working guys.

First of all, I want to state I'm not worried one bit. This will get resolved one way or another. My trust in this community and especially the dedication and competence of the DEV team is 100%. In the end, the Dutch will succeed, as we always have 

I am willing to support any idea that can help the miners out. The merchants and users have no problems, since confirmation is instant via LitePaid. The idea CIG brings up for a dedicated pool is nice and I'm even willing to set it up. Only problem is the same I stated before, it's called centralization... Perhaps the BTM solution is one to look at as well?

Meanwhile I'm going to let the smart guys figure out the technical issues. I'm going to focus on Marketing beginning next week (once the project my company currently is working on is finally finished).

Just relax guy's! Het komt goed

Even though it seems one of the more radical approaches to the problem, locking down the mining only to "trusted" pools might be the way to go.

For me it has several advantages:

• Keep old miners happy
• Decentralizes the coins. Having one pool with so many coins and dumping them on the market is only apparently good since I bet only a few of us are still buying (and building up the richlist)
• Keep blockrate to the intended time
• Keep old miners happy
• Keep old miners happy. Because without this the interest of the coin will just diminish to a point that even multi-pools will connect because it is not profitable anymore. Then all this effort was in vain

Please feel free to present me counter points to this because for sure there are some things I am not seeing.

Nuno

There's one advantage! More cheap coins for me
Have faith guys, this still is the best coin around in terms of long term prophecy!

It is very harmful to NLG that its success depends on using a 3rd party processor to make transactions. This is my primary concern and has been since NLG started having extended block times.

3rd party payment processors only apply selling pressure to a coin since they carry the fiat risk of immediately converting NLG to fiat for the merchant reimbursement, they have to sell NLG at market price to offset any fluctuations in conversion rate. 3rd party processors are a band-aid fix for the real problem of NLG not being a working and usable currency.

Extended block times is crippling the adoption of NLG, it prevents wallet to wallet transfers for payments, which is absolutely essential for increased adoption of NLG. Dependence on a 3rd party processor for quick transactions limits the use of NLG to those merchants that use the 3rd party processor, which stifles circulation from wallet to wallet between users that would hold NLG for future payment of goods or services, instead transactions are funneled through payment processors that are putting the NLG on the market to fulfill fiat obligations.

I am not concerned about the price or the difficulty, my concern lies with the lack of usability.

There is not need to panic, this is not the end of NLG, but must be addressed effectively and urgently.

As I posted before, I believe that adopting the BTM diff algo is a very effective solution - https://bt.irlbtc.com/view/554412.msg8870691#msg8870691

So, what is the break even point (exchange-rate wise) for this switching miner to stop mining NLG? Can anyone do an educated guess on that?

Thing is, price needs to drop and lower difficulty needs to rise (read: more dedicated miners). This way the switching miner will not be interested in NLG any more. The question is where these limits are?