That was mine proposal for this hashrate limiting. If this 5 coin reward stays so and hashrate does not fall under 50MH/s, it will be needed much longer time to mine all coins. This can be double-edged sword for sure but it's possible. Here is how it should work, by also looking and learning on errors of other coins that used same thing.

- Source is (how i like to call it) half-closed, meaning olny dev, pools and exchange have source.
- wallet mining disabled
- pools limit hashrate
- pools need to have worker limit (1 worker) - if more PC's are in use, all can be pointed to 1 worker without problems.
- etc..

This way hashrate will be easy controlled and easy to follow by everyone. Everyone can follow blocks on pools so if some blocks are missed then someone is mining out of system. However when POS blocks starts in the middle of POW those block will be missed on pools ofc!

So what you all think?

Because of block prize is constantly adjusting.
If you check Statistics > Blocks you can see last 20 blocks' prizes.

Bojcha is proposing an idea to make the coin be minable by most of people that will eliminate the 10-MHps miners;  some other coins already used this idea. Just a thought, would say, if more people follow, that will be something seriously to be taken, what would you say?

considering somewhere around 5MHps, so people can still get the amount paid proportional to their rig (not so powerful to freak out small miners )

Sounds like a lot of work and I really don't think your going to change the situation much or limit the hash rate per person if that is the intent.  There is nothing that prevents the same person from making multiple accounts on the pool and sending payments to multiple wallet addresses.  Even a limit of one worker per ip address won't really change anything for someone the least bit technical.  Plus open source helps everyone have confidence in the coin so that things like this are less likely: http://blog.cryptsy.com/post/84830322907/asiacoin I trust you guys but I shouldn't have too.  

In many ways this is really nice right now, price is high, large community involvement, enough hash rate to secure the coin, I would just leave it as is.

Marcusde,

you said:
I don't think he is doing this at all, in fact, its a bright idea to set conditions to how the future of the coin goes..

If dev didn't care about 1 year from today, do you think he would be setting conditions in place for better outcomes?  This is why we have developers in the first place, and I am happy it's not some random dev who can simply copy and paste a clone coin...  Dev is on the right track, he is simply getting feedback from us, no need to give him the 'RULES OF CRYPTO'

I'm willing to listen to his thoughts.  Carry on Joe

I got to agree with you... the price is just getting started. This hasn't even attracted 1/3 of the mining industry yet. We still need to bring in those old timers who have been mining Bitcoin, Litecoin, WorldCoin,  for years..  This is the thing guys, Joe asked if others want to donate for marketing, no one stepped up. Who is going to step up? If you guys want to see rewards go up, lets collaborate as a community.. Joe has given us something innovative, and a solution to the crypto's problem... in the future, we will look back at how this was solved because of Joe.

But it is good these questions are coming out now, so we can figure it out together, before we make massive marketing pushes.

I am thinking we need press releases all over on CoinDesk, Crypto Magazine, CoinReport, Crypto News, Bitcoin Magazine, and many other sources of PR

What about some financial media and news outlets? (however this costs money.. upwards of $800) to get it done..

But like I said before, Investors, and wide range of miners have not yet heard of magi.. This is where it really begins taking effect.

Just my 2 cents of being here early on.

You're right that when sort of limitation placed comes some other issues; people may make fud according to some "hidden" facts unless carely being taken care of. Any way this is yet a thought under discussion.

I would target speculators, investors and businesses.  Many people feel that bitcoin uses a large amount of energy and resources for transactions and security and the problems we are seeing with PoW have been issues before and the solution was to go to PoS.  If anything I would go for a higher rate for PoS so that people are more interested in supporting the network through it and holding it for longer term investment. 

I've been mining with from 20 to 120 kH/s mostly at 20 kH/s  because if I push my machine too much it has a harder time running PoS on my other coins and it is noisy and not cost effective to run more machines on this coin at the moment.  For someone that runs their machine most of the time anyway this is a good way to make a bit extra and keeps me interested in the coin.  The price is affordable for small investment now which I think is a good thing.

Just my opinion.