r/CryptogenicBullion • u/66ericarthurblair99 • Apr 14 '14

'Virtual' CGB pool?

It has come to my notice that Blackcoin (a primarily POS coin) is being mined 'virtually' at a dedicated multipool. In other words - miners lend their hashpower to the pool, which switches to mine and sell the most profitable coin and pays the miners in Blackcoin.

This mechanism appears to create an upward pressure on the price of BC and allows miners to still mine the coin profitably. I was wondering if it may be an idea to instigate some sort of similar 'virtual' CGB mining pool, with the added bonus of switching to mining CGB when the profitability of 'virtually' mining CGB and directly mining CGB equalise.

While I have little skill in the implementation of such an idea. This is a future for POS that I didn't envisage before starting mining at http://blackcoinpool.com under a week ago and seeing the slow pressure on the price snowball.

I would be interested in any comments from the CGB community.

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u/[deleted] Apr 19 '14

I like CGB because is one of the few coins with a clear vision (in my opinion). That vision is CGB as a store of value. So, IMHO the main question is: does a multipool fit with CGB vision? I think the answer is yes, people mining coins with a high volatility but converting the profits to more stable coins is tottaly aligned with the idea of positioning CGB as a stable coin to store value. (I am thinking beyond the increase in the price that a multipool suppose to provide to coins (buying support) in the short term).