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RE: A response to proposed changes to witness/miner rewards in the next Steem hardfork

in #steem8 years ago

While the queue is being dominated by at most 2 people, of course it doesn't make sense. Given that they get queued just as much as a top 19 witness, I'd say logically they should be given the same pay - effectively 1/25th.

However, let's assume the move to Equihash happens, and open source Equihash miners catch up to closed ones. (which should happen given the amount of attention Zcash has received - I notice Claymore has boosted hashrates by nearly 2x in a week.)

Would someone investing a ton of computational power into mining not deserve a high reward? If someone goes out and buys 100 GPUs to dominate the mining queue, I believe there's an argument to be made for the objective contribution. But that seems some ways off and a lot of assumptions at this stage...

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I forgot to address the Equihash proposal, I just put an addendum at the bottom of the post.