Clevermining is all about profits,price to low,jump on another coin.
Clevermining is abusing the bugs in the algorithm, they're mining the easy blocks just because they can. I don't think they work with a break even for Guldencoin, they never stepped out in the last couple of months.
Miners connect with clevermining and they autodump nlg on the exchange so the price matters.
When the nlg's dont make enough btc for the miners they will jump to another coin/pool.
Lowering the price under break/even point.
Dedicated miners will get the easy blocks.Dedicated investors will get the cheap NLG. Untill the algo adjustment is done everybody is happy.
Maybe i'm wrong or clevermining only jumps in when the diff. Is low and get a few easy blocks.?
Manipulating price isn't the answer. We've been over this in the past numerous times. Besides, clever is already doing that for us. 50% of the coins mined in a day get insta-sold. Something like 40mil to date.
We're beating a dead horse here. Hell, let's just move to a completely new system of mining. We'll send out pieces of paper with an equation on it, and we'll hash by hand. Of course, clever will probably just use OCR technology just to mess with us.
The answer is an algorithm change to something that increases difficulty faster than what DGW3 does currently. A much faster reaction time so that clever only gets 1 or 2 blocks before the difficulty/price ratio isn't profitable anymore for them. DIGI does this. I personally want to see clever under 5%-10% of the total blocks mined in a day.
Clevermining jumps in when the difficulty is around 400, within a minute or two they mine between the 5 and 20 blocks and then leave again, multiple times each day. Only two minutes of hashing power needed for between 5000 and 20000 Guldencoins, my guess their break even point is very low or nonexistent. They are aware of the upcoming algorithm update and therefore I don't think we can scare them away anymore, we can only limit their power by putting a lot of hashing power against it.
Hmm that sucks,
Well this is a great community. rent some hashes together?
The problem with renting hashes is that we already have about 50% of the total network held by a handful of users who rent hashes to keep the chain moving.
Frais is right though, clever's break-even is minimal. They can mine all they want and not worry about loses. They'll just rape another coin to cover the cost. It's a game to them. One that is pushed further and further every time someone buys one of those idiotic hashlets.
-Fuse